FCC OKs AT & T Net Sales

Author:
Publish date:
Updated on

Washington-The Federal Communications Commission agreed to allow AT & T Corp. to talk with parties interested in buying its minority stakes in cable networks Outdoor Life Network and Speedvision.

AT & T sought FCC permission three weeks ago. But because the commission did not act on the request within 14 days (July 25), AT & T obtained permission automatically.

AT & T inherited ownership in the networks when it purchased MediaOne Group Inc. last month.

Cox Communications Inc. and Comcast Corp. are the other primary investors in Outdoor Life and Speedvision. A new partner, Fox/Liberty Networks, took a 17 percent stake in each of the networks in March 1998, and it obtained the right to buy Outdoor Life and Speedvision outright in 2004.

Related