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Strategies & Market Trends : Rande Is . . . HOME

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To: Rande Is who wrote (41429)11/15/2000 4:59:21 PM
From: Rande Is  Read Replies (1) of 57584
 
AT&T to Spin Off Liberty Media

Wednesday November 15 4:44 PM ET

NEW YORK (Reuters) - AT&T Corp. said on Wednesday it would spin off the Liberty Media Group (NYSE:LMGa - news) television programming unit it acquired through its acquisition of Tele-Communications Inc., in a move to reduce regulatory concerns over its cable television holdings.

AT&T (NYSE:T - news), telephone and cable television company that plans to split into four separately traded companies, said the spin off also could help it comply with the conditions set by Federal Communications Commission (news - web sites) on its recent acquisition of MediaOne Group.

The company said the spin off is subject to a favorable tax ruling.
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