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To: ed doell who wrote (1984)	4/21/1998 9:39:00 AM
From: art slott	Respond to of 4748

Go Fox Go! Murdoch adds to sports empire in Los Angeles (Updates throughout) By Dan Whitcomb LOS ANGELES, April 17 (Reuters) - Media mogul Rupert Murdoch's Fox Group expanded its sports empire on Friday by agreeing to acquire a stake in a new arena here and options in the city's Lakers basketball and Kings hockey teams. Fox, which recently acquired the baseball Dodgers here for a reported $320 million, has been snapping up sports teams and forming sports leagues overseas for its burgeoning satellite and broadcast TV networks. ''(This deal) reflects our continued effort to provide quality sports entertainment in the communities where we work and to people across the country,'' Chase Carey, chairman and chief executive of Fox Television, said in a statement. Under the complicated deal Fox, owned by Murdoch's media conglomerate News Corp. Ltd. (NCP.AX), will join in a 20,000-seat sports arena being built on 28 acres (11 hectares) in downtown Los Angeles by L.A. Arena Co. The projected cost of the arena is $300 million, but Fox's portion of the total deal was undisclosed. Fox also secured rights to an option for a minority stake in the Kings, and it signed a letter of intent to participate with Kings co-owner Philip Anschutz in acquiring a minority stake in the Lakers. Fox executives and the arena's top brass were tight-lipped about details of the option agreements, but a recent report in the Los Angeles Times said Fox wanted about 40 percent of the Kings, whose biggest success was reaching the Stanley Cup finals in 1993. Possibly more important is participation in the Lakers, a 10-time winner of the National Basketball Association's championship trophy since 1950 and one of sports most glamorous franchises. The Lakers have fielded teams including stars like Jerry West, Kareem Abdul-Jabbar, Earvin ''Magic'' Johnson and current sensation Shaquille O'Neal. Under the deal, Fox's stake in the Lakers could approach 10 percent, according to the Times. Liberty Media Corp. (LBTYA - news), which is controlled by Colorado-based cable TV giant Tele-Communications Inc. (TCOMA - news), is joining Fox in its stake in the sports arena, but will not participate in the sports franchise options. Lastly, the Los Angeles Clippers basketball team, a second professional basketball team in the city, agreed to play its games in the new arena, marking the first time in professional sports that three franchises will play under one roof. ''(The arrangement) is sure to produce a world-class environment for our fans and our entire organization and will provide a solid foundation for improving our franchise,'' said Clippers executive vice president Andy Roeser. In contrast to the Lakers, the hapless Clippers have never won an NBA championship, often rank near the bottom of their conference and currently have the lowest average attendance in the NBA. Fox gains front office access to TV scheduling for the three teams for its expanding Fox Sports Net regional television network which comprises 21 regional sports channels reaching roughly 58 million U.S. households. Fox and cable TV broadcaster ESPN, owned by Burbank, California-based Walt Disney Co.(DIS - news) , compete to air the hottest sports contests in the country, thus capturing the highest ratings and lion's share of advertising dollars. Moreover, News Corp. needs to fill the air space on the many satellite TV networks in which it has an interest including BSkyB in the United Kingdom, which holds the franchise rights for broadcasting English Premier League soccer. More Quotes and News: Tele-Communications Inc (Nasdaq:TCOMA - news; Nasdaq:LBTYA - news) The Walt Disney Co (NYSE:DIS - news) Help

To: ed doell who wrote (1984)	4/21/1998 2:51:00 PM
From: Jim Mulis	Respond to of 4748

Ed, I think you are heading in the right direction, but I'm not completely satisfied being lumped with the internet stocks. However, I don't have a better alternative. There is a thread started that talks about cable stocks replacing internet stocks as the next hot play. Anybody interested can go ahead and post there. Subject 20336 Jim

To: ed doell who wrote (1984)	4/22/1998 9:48:00 AM
From: whitephosphorus	Respond to of 4748

I agree!!! From the 10k: The Company has developed eSchool Online(TM) ("eSchool"), a Java-based software suite that permits a teacher to use the Internet as an accompanying instructional tool during a lesson. (Java is a programming language developed for the Internet by Sun Microsystems.) eSchool integrates Web content and a chat application with educational video effectively to create a "virtual" classroom. eSchool software can be used for pre-recorded as well as live programming, while the video can come from any source. With eSchool software, a student can receive a traditional video lesson through a frame in his or her Web browser, or from a television in the classroom. Simultaneously, eSchool provides separate frames in the Web browser that display 1) Web sites with supporting information/examples; 2) dialogue with teacher and/or other students during a live lesson; and 3) a "playlist" of Web sites received to permit navigation from one to another. eSchool content creation software allows an instructor to easily select and order the addresses of the Web sites and related questions to be included in the playlist. The Web site addresses and questions can be assigned times and sent automatically to students during a pre-recorded program, or in a live lesson. The instructor can trigger any Web site address or question to be sent to the students at any time. eSchool's components include instructor and student user software, authoring software and database assessment software. The Company expects to continue to refine and upgrade its eSchool software in the future. In addition, the Company provides Internet content development assistance, hosting of eSchool programs on its computer servers, and consulting to schools and universities. The Company recorded its first eSchool sale in mid-1997 with the School District of Philadelphia. The Philadelphia City Schools are using eSchool to create and deliver new instructional and staff development programs. Since that time, the Company has entered into contracts to deliver eSchool to educational institutions in Nebraska, New York, Massachusetts, and Georgia. The Company has also developed two-way analog and digital programming technologies for distance learning. The Company offers a point-to-multipoint broadcast system that can deliver pre-recorded individualized lessons or can integrate individualized segments into live distance learning lessons. Students receive individualized responses to their input made with a simple remote control. At the end of the lesson, the system's memory component can recall each student's performance throughout the lesson, giving the local facilitator a detailed accounting of the results.