Acquisition Complete; InterMedia Assumes Control of Nashville's Viacom; South Carolina Acquisitions Move Total Customer Base to Nearly 1 million.NASHVILLE, Tenn.--(BUSINESS WIRE)--Aug. 1, 1996--Nashville-based InterMedia Intermedia - A hypertext system developed by a research group at IRIS (Brown University). Partners today assumed control of the 150,000-customer Nashville market from Viacom Cable, further solidifying the company's presence in Tennessee and the Southeast. InterMedia also acquired systems in Greenville and Spartanburg, S.C., on Wednesday, adding another 115,000 customers to its base. With the addition of more than 265,000 customers in a two-day span, InterMedia is now in hundreds of Southeastern communities, and serves nearly 1 million subscribers nationally. It is also the largest cable television provider in Tennessee. "Our fundamental mission is to provide top quality customer services and consumer choice through advanced technology at competitive prices," said Executive Director of Communications Director of Communications is a position in the private and public sectors. The Director of Communications is responsible for managing and directing an organization's internal and external communications. and General Counsel Bruce Stewart Bruce Stewart is a writer born in New Zealand. (1936– ), of Ngati Raukawa, Te Arawa, Stewart is a fiction writer and dramatist who has expressed the anger, confused loyalties and spiritual aspiration of late-twentieth-century Maori. . "Our Nashville headquarters, coupled with our growing operation of systems throughout Tennessee and the Southeast, strongly support InterMedia's objective to be a leader in cable communications services throughout the Southeast." InterMedia Regional Director Bill Haggarty said, "InterMedia plans to eventually link most of the company's various Middle Tennessee “Middle Tennessee” redirects here. For the university in Murfreesboro, see Middle Tennessee State University. Middle Tennessee is a distinct portion of the state of Tennessee, delineated according to law as well as custom. systems together into a single network, allowing the company to serve customers more economically, identify and repair problems more quickly and ensure that the customers are served by the best available fiber optic cable Noun 1. fiber optic cable - a cable made of optical fibers that can transmit large amounts of information at the speed of light fibre optic cable transmission line, cable, line - a conductor for transmitting electrical or optical signals or electric power system available." InterMedia had coordinated with Viacom on the design of the rebuild of the Nashville system and has been paying the entire cost of $37 million to rebuild the system. Hundreds of miles of fiber optic and coaxial cable will be used in the rebuild, Stewart said, providing customers with access to more high technology offerings like high speed cable modem cable modem Modem used to convert analog data signals to digital form and vise versa, for transmission or receipt over cable television lines, especially for connecting to the Internet. access to the Internet. Since its relocation to Nashville in January from San Francisco San Francisco (săn frănsĭs`kō), city (1990 pop. 723,959), coextensive with San Francisco co., W Calif., on the tip of a peninsula between the Pacific Ocean and San Francisco Bay, which are connected by the strait known as the Golden , InterMedia has acquired several cable systems across Tennessee, including the 21,000-customer system in Middle and West Tennessee West Tennessee is one of the three Grand Divisions in the U.S. state of Tennessee. Of the three, it is the most sharply defined geographically. Its boundaries are the Mississippi River on the west and the Tennessee River on the east. once served by Par Cable, the 2,500-customer system serving Cheatham, Dickson and Robertson counties previously served by Annox Systems, and the 32,000-customer system in Kingsport, Tennessee once served by Warner Cable Communications. The company already serves as the owner and operator of several systems throughout Middle, West and East Tennessee systems, serving over 260,000 customers. "InterMedia has a company-wide commitment to being a good corporate citizen of the communities it serves," said Haggarty. "We already have been heavily involved as sponsors of such worthwhile events as the InterMedia Balloon Classic, which benefits the EAR Foundation's fight against hearing impairment hearing impairment n. A reduction or defect in the ability to perceive sound. . "Perhaps the company's hallmark is its commitment to education and our children," Haggarty said. "The company's founder and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. Hindery, is committed to placing cable television access in every school in every community we serve through the Cable in the Classroom program. "In Nashville, we recently announced our plan to put a cable modem in every school in Davidson County so that students have high speed access to the Internet in order to pen up the classroom to new computer-based technology tools," Haggarty said. The company said it hopes to use the linking of cable systems and partnerships with other businesses to better serve customers. "For instance, we have linked our advertising sales efforts in Davidson County with those in several other Middle Tennessee communities served by InterMedia," InterMedia Marketing Director Donna Young said. "That means one-stop shopping for advertisers who once had to spend half a day or more placing an ad. "We also have an innovative partnership with Sprint Telecommunications through which our cable customers can gain discounts if they use Sprint's long distance service." Haggarty said the company will begin immediately changing signage and logos on such things as repair and installation vehicles, uniforms, billing forms and other items. CONTACT: InterMedia Bruce Stewart, 615/244-2300 or McNeely Pigott & Fox Keith Miles, 615/259-4000 |
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