Allen's 'World' Keeps Expanding.
Multichannel News, November, 1998 by GIEBONS, KENT
Paul Allen's latest cable investment is $54 million for a 33 percent stake in ZDTV, the young cable network focused on computers and the Internet. Allen - the Microsoft Corp. cofounder, whose Vulcan Ventures has committed more than $7 billion to buy Marcus Cable and Charter Communications Inc.
- has been looking to invest in "related companies," in addition to more cable systems. William Savoy, president of Vulcan, said ZDTV fits in particularly well with Allen's "wired-world" concept of broadband services, especially since the network's programming highlights topics like high-speed-data services and digital television. "As we continue to invest in cable and look to bring new services to customers, many [of them] netcentric, the opportunity to...
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