Cable news.
Cable News: Time Warner Inc. won City Council approval to become
the cable television provider for most of Los Angeles. The unanimous
City Council vote clears the path for the local component of a
multibillion-dollar deal between Time Warner and Comcast Corp. centering
on distribution of Adelphia Communications Corp. assets. L.A. officials
have been scrutinizing the deal since spring, when Time Warner and
Comcast announced their plan to acquire the assets of Adelphia. Both
Time Warner and Comcast are in line to receive Adelphia franchises and
the two companies will each take various cities, with Time Warner taking
over L.A.
COPYRIGHT 2005 CBJ, L.P.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2005, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.
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