To: Raybert who wrote (4032 ) 5/21/1999 10:40:00 AM From: art slott Read Replies (1) | Respond to of 13157
I make no excuses for my cheerleading. I owe it all to due dilligence. Its also good for the psyche. So is this. MTV interactive tv channel..part 2 by: EDVIRTUAL (38/M) 14022 of 14040 These proposed sites will market merchandise in areas like books, CDs, videos and tickets - all products that have been successfully sold over the Internet. TCI Music might try and develop e-commerce in autos, consumer electronics and other luxury items later, Masters added. Despite the overall bullish presentation, Masters went out of his way to lower expectations for TCI Music, emphasizing it would take ''a number of years to realize the true potential that we have.'' Masters noted that there are a number of risks in TCI Music's strategy, including consumer reaction to the rollout of digital cable. The company's stock fell $2.06 to $46.93 on Thursday. Also focusing on e-commerce within the Liberty group is Encore Media, which operates the Encore and Starz premium movie channels, as well as Discovery Channels. Encore CEO John Sie revealed Thursday that he plans to introduce home shopping through Encore's thematic multiplex channels. Separately at the investment conference, Malone made a rare public appearance and answered questions from investors and reporters on a range of subjects. He said Liberty decided to sell out of Fox/Liberty sports networks recently because he expects a ''real shin kicking'' between ESPN and Fox that will hurt Fox's short-term financial performance. Malone also deflated expectations about TCI Satellite Entertainment, a company that is now a shell after sale of PrimeStar to DirecTV. TCI Satellite has declared in public filings that it is seeking new business opportunities, a disclosure which sent its stock price moving up sharply, but Malone said he had no ''current thoughts'' about the company's future plans. Separately on Thursday, Liberty disclosed results for its first quarter that showed sharply higher cash flow (earnings before interest, taxes, depreciation and amortization) from its pay movie channel operator Encore Media Group, and more moderate growth from Discovery Communications, in which it owns a 50% stake. Liberty also announced plans for a two-for-one stock split, which comes in the wake of a big run-up in its stock. Liberty shares closed up $2.62 to $73.25 Thursday. Reuters/Variety 02:09 05-21-99