By Mike Farrell -- Multichannel News, 10/31/2006 12:37:00 PM
Comcast said Tuesday in a Securities and Exchange Commission filing that it will contribute about $44 million toward a settlement for former shareholders of Tele-Communications Inc.
In its 10-Q quarterly statement filed Oct. 31, Comcast said the suit stemmed from AT&T’s purchase of TCI in 1999. At the time, several class-action suits were filed against both companies, claiming breach of fiduciary duties.
As part of its 2002 purchase of AT&T Broadband, Comcast agreed to indemnify AT&T for certain liabilities and to indemnify TCI’s former directors for certain obligations regarding the lawsuits.
In the SEC filing, Comcast said a settlement agreement in principle was reached in October between the parties, subject to court approval. Comcast said in the filing that it agreed to contribute about $44 million to the settlement.
At Trylon SMR, we are dedicated Public Relations professionals solely serving clients in the media, technology, telecommunications, and related industries. We understand the specialized types of audiences our clients need to reach and the best...
more
PeakView is a software applications provider to the cable television and satellite communications industries. PeakView develops productivity tools for daily operations that help technicians, supervisors and managers access and use existing data...
more
A leader in online technology, content & revenue solutions, WorldNow is the only company to provide comprehensive technology platforms & strategic advertising services, enabling media companies to expand to the digital realm with innovative Web...
more
Created from the merger between Anystream and Voxant Media, Grab Networks offers a comprehensive video operating system and syndication network for profitably publishing video anywhere on the Internet. The system automatically manages, transcodes...
more
Akamai has created a digital operating environment for the Web. Our global platform of thousands of specially-equipped servers helps the Internet withstand the crush of daily requests for rich, dynamic, and interactive content, transactions, and...
more
The Association of Cable Communicators headed
west from Washington, D.C., to Denver as its 2009 Forum and Beacon Awards ceremony became
part of Cable Connections-Fall festivities.
HBO Sports senior vice president Mark Taffet discusses the PPV performance prospects for the Sept. 19 Floyd Mayweather Jr.-Juan Manuel Marquez boxing event as well as the network's PPV fight schedule for the rest of the year during a recent interview with Multichannel News.
