In any case, the exclusivity agreements, which everyone valued so highly, seems like it was the very thing that drove ATHM into bankruptcy.
The creators of the exclusive the offering called ATHM
TCI.............. 23.8 Chicago, Dallas, Denver, Hartford, Miami,
Pittsburgh, San Francisco Bay Area, Seattle and
Washington, D.C.
Comcast.......... 7.3 Baltimore, Detroit, Northern New Jersey, Orange
County, Philadelphia and Sarasota
Cox.............. 5.2 Hampton Roads, Hartford, New Orleans, Oklahoma
City, Omaha, Orange County, Phoenix, Providence
and San Diego
Rogers........... 2.7 London, Ottawa, Toronto, Vancouver and Victoria
Shaw............. 2.0 Calgary, Edmonton, Saskatoon, Windsor and
Winnipeg
Marcus........... 1.9 Fort Worth
Intermedia....... 1.4 Asheville, Greenville, Nashville and Spartanburg
----
Total............ 44.3
====
Thomas A. Jermoluk(1)... 40 Chairman of the Board, President and Chief Executive Officer
David P. Bagshaw........ 44 Senior Vice President, @Media Group
Dean A. Gilbert......... 40 Senior Vice President and General Manager, @Home Group
Kenneth A. Goldman...... 47 Senior Vice President and Chief Financial Officer
Donald P. Hutchison..... 40 Senior Vice President and General Manager, @Work Group
John L. O'Farrell....... 38 Senior Vice President, International
Milo S. Medin........... 34 Vice President, Networks
David G. Pine........... 38 Vice President, General Counsel and Secretary
William R. Hearst 47 Vice Chairman
III(1)(2)..............
James L. Barksdale(1)... 54 Director
Brendan R. Clouston(4).. 44 Director
L. John Doerr(1)(3)..... 45 Director
John C. Malone.......... 56 Director
Bruce W. 47 Director
Ravenel(2)(3)(4).......
Brian L. Roberts........ 37 Director
Edward S. Rogers........ 63 Director
Larry E. Romrell(4)..... 57 Director
David M. Woodrow(2)..... 51 Director
TCI............. 8/29/95 Series T Preferred Stock 770,000 $ 7,700,000
KPCB............ 8/29/95 Series K Preferred Stock 230,000 2,300,000
TCI............. 5/9/96 Series T Preferred Stock 770,000 7,700,000
KPCB............ 5/9/96 Series K Preferred Stock 230,000 2,300,000
</TABLE>
1996 Financing from TCI, Comcast, Cox and KPCB. On August 1, 1996, the
Company issued 770,000 shares of its Series AT Preferred Stock to a wholly
owned subsidiary of TCI in exchange for the cancellation of 770,000 shares of
the Company's Series T Preferred Stock and sold additional shares of its
Preferred Stock to wholly owned subsidiaries of TCI, Comcast and Cox and
purchasers affiliated with KPCB (the "KPCB Purchasers"), in each case at a
cash purchase price of $10 per share, as follows:
I posted this all taken from the original offering. This i feel will aid T's position in the suits that are to me useless to the shareholders as it could take years to solve but it will provide some decent champagne to the attourneys.
I want to laugh as these people had some knowledge of cable where T had not even learned how to change the diaper. |
