For Your Information: July 9, 1998
The Federal Trade Commission today announced the following action.
Commission action regarding applications for approval: Following a public comment period, the Commission has ruled on an application for approval of a transaction from the following:
- The FTC has approved Cablevision Systems Corp.’s application to divest its TCI Paramus and Hillsdale (New Jersey) Systems assets to US Cable of Paramus-Hillsdale, LLC (USCPH). The divestiture was 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. The Commission vote to approve the divestiture was 4-0. (See news releases dated May 5, 1998; April 28, 1998; January 16, 1998; Docket No. C-3804. Staff contact is Daniel P. Ducore, 202-326-2526.)
Copies of the documents referenced above are available from the FTC’s web site at http://www.ftc.gov and also from the FTC’s Consumer Response Center, Room 130, 6th Street and Pennsylvania Avenue, N.W., Washington, D.C. 20580; 202-FTC-HELP (202- 382-4357); TTY 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.
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