The Federal Trade Commission today announced the following action.

Applications for approval of transactions: The FTC has received an application for approval of a transaction from the following. The FTC is seeking public comments on the application for 30 days, until June 4, 1998.

• Cablevision Systems Corp. has submitted an application for approval to divest its TCI Paramus and Hillsdale (New Jersey) Systems assets to US Cable of Paramus-Hillsdale, LLC (USCPH). The divestiture is required under a consent order with Cablevision that settled charges that its acquisition of these Tele-Communications, Inc. (TCI) cable systems would substantially reduce competition in these two markets in New Jersey, where Cablevision and TCI were the only service providers. (See news releases dated April 28, 1998; January 16, 1998; Docket No. C-3804. Staff contact is Daniel P. Ducore, 202-326-2526.)

Comments on the proposed divestiture should be addressed to the FTC, Office of the Secretary, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580.

Copies of the documents referenced above are available from the FTC's World Wide Web site at: http://www.ftc.gov and from the FTC's Consumer Response Center, Room 130, at the same address; 202-FTC-HELP (202-382-4357); TDD for the hearing impaired 1-866-653-4261. To find out the latest news as it is announced, call the FTC NewsPhone recording at 202-326-2710.

Media Contact:

Office of Public Affairs
202-326-2180