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Communications Merger #425424

CNN Evening News for Wednesday, Jun 24, 1998
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(Studio: Bernard Shaw) Announcement of a merger between American Telephone and Telegraph (AT&T) and cable TV company TCI that could provide customers with a wide range of communications services from one company reported. [American Telephone and Telegraph (AT&T) chairman and CEO Michael ARMSTRONG, TCI chairman John MALONE - say consumers will have a choice of services.] Possible problems for the merger outlined.

(Studio: Judy Woodruff) Report introduced.

(No location given: Marsha Walton) The ways in which mergers lead to combined services and how homes will be made ready for service examined. [PaineWebber analyst Chris DIXON - notes cross-marketing trends.]

(Studio: Bernard Shaw) Report introduced.

(Washington: Pierre Thomas) The legal aspects of the proposed American Telephone and Telegraph (AT&T)-TCI merger examined. [Attorney General Janet RENO - comments.] [Former FTC deputy director George CARY, Consumers Union director Gene KIMMELMAN - offer differing opinions on the impact on customers.] The trend and value of merger activity reviewed. [Former Justice Department attorney Robert LITON - says the Justice Department and FTC (Federal Trade Commission) are overwhelmed by the mergers.]

(Studio: Bernard Shaw) Further coverage of the merger on Moneyline News Hour and CNN NewsStand noted.

Reporter(s):
Shaw, Bernard;
Thomas, Pierre;
Walton, Marsha;
Woodruff, Judy
Duration:
00:06:30

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