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Author:Kupfer, A.
Title:AT&T goes cable crazy
Journal:Fortune
1999 : MAY 24, VOL. 139:10, p. 81-83
Index terms:INDUSTRIES
CABLES INDUSTRY
CHIEF EXECUTIVE OFFICERS
Language:eng
Abstract:The cable industry is thick with rogue monopolists and infighting. So why does CEO Armstrong want a bigger piece of it? A few weeks before elevating his already heady audacity quotient with an unsolicited $62 billion bid for cable-TV company MadiaOne, AT&T Chairman Michael Armstrong characterized the industry his company had bought into by acquiring cable giant TCI: "Cable operators across the nation consider themselves a family. They're very close. And even though they yell at each other a lot, they often rally together.
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