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AT&T buying TCI for $43 Billion...VERY Bullish day in store for us!!!
$tar.
>>>>>>>>>>>>>>>>>>>>>
PRESS DIGEST - Daily Variety - Wednesday, June 24
June 24, 1998 03:20 AM
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NEW YORK, June 24 (Reuters) - The following stories appeared in Wednesday's Daily Variety:
* Telecommunications giant AT&T T is to acquire the nation's biggest cable operator, Tele-Communications Inc. TCOMA , for roughly $43 billion, sources said Tuesday, in what will be the biggest buyout in media history.
* Cable subscribers treated A&E's warts-and-all "Biography" special on Ozzie & Harriet Nelson Sunday night like a real-life version of "The Truman Show," making it the highest-rated "Biography" episode in the history of the network.
* Seagram VO CA:VO has tapped Doug Morris as chairman/CEO of the world's largest music company, which will be named Universal Music Group once the deal to purchase PolyGram is completed.
* The NBA playoffs are over, summer is here and the season of truly woeful prime-time Nielsens is officially under way. NBC GE has won the June 15-21 week with its lowest rating ever in a week not disrupted by political conventions, the Olympics or the July 4 holiday. CBS CBS was second with its worst-ever rating in a non-disrupted week, and ABC DIS took third with its worst-ever rating for any kind of week.
* DreamWorks has paid mid-six figures against a potential seven figures for the feature film rights to the Sega arcade game "The House of the Dead" as a directing vehicle for Jesse Dylan, the son of singer-songwriter Bob Dylan.
* Less than two months after reports surfaced that former Island Pictures president Mark Burg would join Chris Blackwell's Palm Pictures, the deal has fallen apart.
((New York Newsdesk 212-859-1610)) REUTERS
c 1998 Reuters.
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