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HomeMy WebLinkAboutCC 1981-12-15 AdvertisementM C_J t—% CJt CGS Ct) r x N� F gWA Rt�INK ears Yl j"e h l nig t- id�de fVCtVs�apers InC., which suffered a setback earlier this year in its at- tempt to enter the cable -television business. Thursday announced a preliminary agreement to form a joint venture that will buy and oper- ate cable -TV systems. Knight-Ridder will join with Tele-Communications Inc., one of the largest cable companies in the country, to form TKR Cable Co., spokesmen said. The new venture will buy certain, undisclosed sys- tems from TO and purchase systems from other companies, officials said. Earlier this year, Knight-Ridder joined with Dow Jones and Co. in a bid to acquire UA-Columbia Ca- blevision, but the partners were outbid by other parties. Knight-Ridder publishes The Miami Herald and 31 other daily newspapers, owns and operates four television stations and has other commercial interests. Financial de- tails of the deal with Tele-Communications were not disclosed. Knight-Ridder plans jointcab,�� ,rTV venture tale Knight-Ridder Newspapers Inc, and one of the na. tion's largest cable television companies will form a joint venture to buy, develop and operate cable TV sys- tems. officials announced yesterday. If approved by the directors of Knight Ridder and Tele•COmmuniclitions Inc.. the joint venture will be called TKR Cable Co. Officials projected that It would have some 100.000 basic subscribers by mid-1982 and about 500.000 within the next live years. t "We are extremely pleased to enter the cable televi- ston business as a partner of one of the leaders of the The two companies have agreed to buy early next industry." said Alvah Chapman. president and chief ex- year cable systems that now serve about 4Z000 basic ecutive officer of Miami -based Knight-Ridder, which subscribers. TCI, with more than 1.3 million basic publishes 32 daily newspapers, including The Miami cable subscribers and 700,000 pay cable subscribers In Herald, and owns four VHF television stations. 43 states, will also sell to the joint venture certain sys- "TCI will provide our joint venture with Invaluable tems which have about 39,000 basic subscribers. oftl- expertise In building a new company that we believe vials said. will have very bright future and will offer excellent In addition to its newspapers and ' TV stations, a prospects a the shareholders of both our companies Knight-Ridder. which had gross revenues of more than $I billion last year, is engaged in electronic distribution TKR will be equally owned, operated by a manage- of commodity and financial news and market quotes. ment board consisting of an equal number of members newsprint production, book publishing and selected from each or the parent organizations, officials said. computer information retrieval services. CJ DIARIO LAS AMERICAS iP.O. BOX 593177, MIAMI, FLORIDA 33159 1- AGENCY ADVERTISER CITY OF rilAMI ACCOUNT NO - RETAIL DISPLAY ADVERTISING ORDER INVOICE NO. 9431 DATE OF ORDER Dec. 8, 1981 SALESMAN L.P. Villasuso#8 i I OQE ORDERED BY i ADDRESS j CITY CLERK, P.Q. DOX 330708, Miami, Fla 133 Georgia Little PHONE NO. BILLING INSTRUCTIONS P.OA 030876 STARTING DAY 579-6065 BY MAIL W/ TEARHHEET Dec. 13, 1981 COLUMNS INESES TOTA� INCHES $lRATE0 �CC PLO AO TIMES TOTAL•AMOU NT SUPL EM ENTARV CHARGES j LI U Ll V i C3 O ll i 2 3 4 5 6 9 10 i' , , X CITY OF MIMUI PUBLIC NOTICE PRODUGTs ..0 TAG L.INEs "NOTICE TO THE PUBLIC" VERIFY NEW AD REPEAT IF KUIVI POSITION REQUESTEDs INVOICES EJ -;m LM i iat1i I Kb�V%cIr u ng dtwrs Inc., which suffered a setback earlier this year in its at- tempt to enter the cable -television business, Thursday announced a preliminary agreement to form a joint venture that will buy and oper- ate cable -TV systems. Knight-Ridder will join with Tele-Communications Inc., one of the largest cable companies in the country, to form TKR Cable Co., spokesmen said. The new venture will buy certain, undisclosed sys- tems from TCI and purchase systems from other companies, officials said. Earlier this year. Knight-Ridder joined with Dow Jones and Co. in a bid to acquire UA-Columbia Ca- blevision, but the partners were outbid by other parties. Knight-Ridder publishes The Miami Herald and 31 other daily newspapers, owns and operates four television stations and has other commercial interests. Financial de- tails of the deal with Tele-Communications were not disclosed. Knight-Ridder plans joint cab),f_TV venture Combined Miami News Services Knight-Ridder Newspapers Inc. and one of the na- tion's largest cable television companies will form a joint venture to buy, develop and operate cable TV sys- tems, officials announced yesterday. _ If approved by the directors of Knight Ridder and ( Tele-Communications Inc., the joint venture will be called TKR Cable Co. Officials projected that it would have some 100,000 basic subscribers by mid-1982 and about 500,000 within the next five years. "We are extremely pleased to enter the cable televi- sion business as a partner of one of the leaders of the The two companies have agreed to buy early next industry," said Alvah Chapman, president and chief ex- year cable systems that now serve about 42.000 basic ecutive officer of Miami -based Knight-Ridder. which subscribers. TCI, with more than 1.3 million basic publishes 32 daily newspapers, including The Miami cable subscribers and 700,000 pay cable subscribers in Herald, and owns four VHF television stations. 43 states, will also sell to the joint venture certain sys- "TCI will provide our joint venture with invaluable tems which have about 38,000 basic subscribers, offi- expertise in building a new company that we believe cials said. will have a very bright future and will offer excellent In addition to its newspapers and TV stations, prospects to the shareholders of both our companies." Knight-Ridder, which had gross revenues of more than $1 billion last year, is engaged in electronic distribution TKR will be equally owned, operated by a manage- of commodity and financial news and market quotes, ment board consisting of an equal number of members newsprint production, book publishing and selected from each of the parent organizations, officials said. computer information retrieval services. t'