HomeMy WebLinkAboutTime Warner Information 2002 TIME WARNER Vf 4::�
,CABLE
Via Certified Mail/
Return Receipt Requested
May 7,2002
Ms.Julie Holcomb, Clerk
City Of Ithaca
108 E.Green Street
Ithaca,NY 14850
Dear Ms Holcomb:
As you know, Time Warner Entertainment ("TWE") has been granted a franchise to operate a cable
television system in your community. I am writing as part of our on going efforts to keep you apprised of
developments involving TWE.
AOL Time Warner indirectly holds approximately 75% of the ownership of TWE. The remaining
interest in TWE, approximately 25%, is held by MediaOne TWE Holdings, Inc. ("MediaOne") an entity
indirectly owned by AT&T Corp. ("AT&T"). AT&T's interest in TWE is non-voting and passive. In other
words,AT&T has no managerial authority or control over TWE.
As you may have read, AT&T and Comcast Corporation have announced a transaction whereby their
respective cable television holdings (including AT&T's 25% interest in TWE) will be combined under
AT&T/Comcast Corporation("AT&T/Comcast"). While we do not believe this transaction requires any action
on your part,we wanted you to be aware of this development.
The AT&T/Comcast transaction will have absolutely no impact on our cable system or its operations.
TWE will continue to exist and operate as before. In particular:
• The franchise will continue to be held by TWE. There will be no transfer or assignment of the
franchise or the cable system.
• There will be no change in the partners of TWE or the ownership of TWE itself.
• The local management and staff will remain the same.
• There will be no change in our commitment to provide our customers with the best in
programming choices and customer service at a competitive rate.
• This transaction will have no impact on our business policies or practices.
Please do not hesitate to contact me should you have any questions or if I can be of any assistance. We
certainly value the fine relationship we have with your community.
Sincerely,
Thomas. P. Doheny
General Manager
Cc: The Honorable Alan Cohen, Mayor
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