TCI sees turnaround after early losses; rebound from first-quarter loss predicted on strength of rate increases, new products.(Tele-Communications Inc.)(Brief Article)

Broadcasting & Cable, May, 1996 by Brown, Rich

Rebound from first-quarter loss predicted on strength of rate increases, new products Cable giant Tele-Communications Inc. suffered a net loss of $86 million in first quarter 1996, but company officials say upcoming rate hikes and new products should help turn things around later in the year.

"We are very positive about the second two quarters of the year," says Barney Schotters, TCI's senior vice president of finance, attributing losses in part to the "unique issue" of rate deferral. TCI had traditionally implemented rate hikes at the start of the year but reached an agreement with the FCC to defer 1996 hikes until at least June 1. TCI rate increases will roll out beginning in June and are expected to eventually total more than $20 million in...

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