St. Louis -- Start-up operator Millenium Media has
signed a deal to buy its first cable system, with 53,000 subscribers, from InterMedia
Partners in Anne Arundel County, Md., a company executive said last week.
"We've got that first contract signed --
we're for real," Millenium vice chairman Jeff Sanders said last Thursday. He
would not disclose the purchase price for the 53,000-subscriber system, which competes
against Jones Intercable Inc. in that part of suburban Baltimore. InterMedia bought it
from Acton Corp. in 1993 for $76 million.
Millenium intends to use the name Millenium Digital Media
there, with plans to introduce digital converters next year, Sanders said.
A year ago, Jones had agreed to buy the former North
Arundel Cable system, but the deal fell through after local regulators and the Federal
Trade Commission objected.
Sanders and Millenium CEO Kelvin Westbrook are former
executives at Charter Communications Inc. Other Millenium principals are John Brooks,
formerly of Brooks Fiber Properties Inc., and Chuck Payer, formerly of SBC Communications