AOL invest in cable channel:
Disney and AOL Invest in Oxygen Cable Channel, Forbes Reports
New York, Feb. 7 (Bloomberg) -- America Online Inc. and Walt Disney Co. are shareholders in
Oxygen Media, a closely held company that plans to start a women's cable channel in January
and has $100 million in investments, Forbes magazine reported, citing Oxygen owner Geraldine
Laybourne. Morgan Stanley, Dean Witter & Co. will coordinate a ''road show'' for the company to
raise funds, and Tele-Communications Inc., which is being bought by AT&T Corp., will carry the
network to 10 million subscribers, said TCI President Leo Hindery, and Cox Communications Inc. is
considering carrying Oxygen to its 3.8 million customers, said Senior Vice President Ajit Dalvi.
Though Disney is an investor, Oxygen will compete with Disney's Lifetime network, spending $400
million during the first four years on programming and marketing, Laybourne told the magazine.
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