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AT&T to spin off Liberty Media

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NEW YORK, Nov. 17 -- In order to comply with the Federal Communication Commission's conditions regarding AT&T's merger with MediaOne, now called AT&T Broadband, the company will spin off its previously acquired Liberty Media Group. The move comes on the heels of AT&T's plan to split itself into four separate companies. Liberty Media will become its own company sometime during the second quarter of 2001, said AT&T. The FCC calculated that AT&T and MediaOne serve about 42 percent of the cable market, which is a violation of a federal that says a single company can only...Read full article

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    Published: November 2000
    CommunicationsNews & Features

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