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It plans to spin off the cable unit as an independent company some time in 2002.
Before Wasserstein's report was ready, Icahn had moved far beyond his original proposal to spin off the cable division.
But when Walsh tried to tape the Big West final on Saturday night, he accidentally turned off the cable on the television.
C1 AT&T Holding On to Cable Unit AT&T's board rejected Comcast's unsolicited bid to acquire AT&T's cable operation, but the board also delayed its own plan to spin off the cable unit as an independent company.
In selling off the cable network, it insisted on breaking up the nationwide system into nine regions, with the clear intention of preventing rivals from creating a nationwide competitor.
In May, Time Warner, which owns 84percentt of Time Warner Cable, said it would spin off the cable unit as a stand-alone business, paying out a one-time dividend of about $10.9 billion to both companies' shareholders.
Similar(22)
CourtTV.com, an online spin-off of the cable TV network, has acquired two crime- oriented Web sites -- thesmokinggun.com and crimelibrary.com -- for an undisclosed sum.
We've tapered off on the cable political shows, but with the Dish DVRs and their more plentiful 80 hours storage we could warehouse them.
Her-dad dropped his wrench, and then swung the cage off of the cable.
Pull the outermost segment off of the cable.
Mr. Bauer was trying to seal off the cables that took power to the destroyed substations so that Con Ed could resume sending electricity to the seaport substation.
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