The U.S.' top cable-TV companies are in talks with AT&T CORP
(Mondy's close 63-3/16) about the company investing in a
cable-industry Internet-access venture, the Wall Street Journal
said in its electronic edition. Citing executives familiar with
the talks, the Journal said AT&T might be interested in a
partnership with a potential joint venture between TIME WARNER
INC's (Mondy's close 63-13/16) Internet-access unit, Road Runner,
and AT HOME CORP. (Mondy's close 25-1/4) The cable companies have
been discussing merging Road Runner with At Home, whose backers
include cable operators TELE COMMUNICATIONS INC. (Mondy's close
27-29/32), COMCAST CORP (Mondy's close 32-3/8), COX COMM (Mondy's
close 36-1/2) and CABLEVISION SYSTEMS CORP. (Mondy's close 87-3/4)
AT&T declined to comment, the Journal said. AT&T's investment
could total as much as $1 billion, most of it cash, the Journal
said. In exchange, AT&T would receive new shares in the service.
(Reuters 03:41 AM ET 02/10/98)
--''''> |
