Marketplace

Cable World, May 28, 2001

Dow Jones vs. Cable MSO Watch

             5/22/01   5/23/01   % Chg.   YTD % Chg.   52-Week % Chg.

Dow Jones   11257.24   11105.5    -1.3       3.0              5.3

Cable MSO    4133.21    4016.3    -2.8      -6.0             -0.9

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"As much as I love my colleagues at HBO, of course I'd like to own the other half."

MTV CEO Tom Freston, quoted in Business Week, talking about Comedy Central, a unique and unusually successful joint venture between giant Viacom's MTV and HBO's even huger parent AOL Time Warner.

Deal Wrap

Date                  Company Being
Company               Acquired/Merged

5/23
News Corp.            OmniSky

News Corp. ups its stake in OmniSky
Corp. by trading its stake in OmniSky Intl
and all cash on hand for $18 million of
OmniSky Corp. stock.

5/21
Vivendi Universal     MP3.com

$5/share or $372 million in cash

5/18
America Online        InfoInterActive

$1.42/share or $28.2 million in cash

5/14
Gemstar-TV Guide      Skymall

$3/share in cash and stock or $50 million

5/3
Liberty Media Corp.   Telewest Communications

Liberty acquired an additional 20
millions shares, upping its stake to $25.5%
from 24.5%

5/2
News Corp.            Gemstar-TV Guide

News Corp. became Gemstar's largest
shareholder and Liberty Media became
News Corp.'s largest shareholder
through a stock swap: Liberty traded a
17% stake in Gemstar for 121.5 million
News corp. American Depository Shares.

COMPANIES IN THE NEWS

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AOL TIME WARNER

AOL said it plans to increase monthly prices for its Unlimited Use plan by $1.95, or about 9%, to $23.90. The increase will begin in the July billing cycle.

EXCITE@HOME

The Wall Street Journal Europe reported that German Internet service provider T-Online is interested in acquiring Excite's European Internet portal business. The paper said it was unclear if the T-Online talks would result in a deal.

ECHOSTAR COMMUNICATIONS

Echostar raised $1 billion by selling seven-year notes that are convertible into Echostar stock at a 35% to 40% premium to the trading levels at the time of conversion.

VIACOM

Top Viacom executives reassured shareholders attending its annual meeting that the media giant is a content king with its sought-after cable networks and hot broadcast property, Survivor. Neither Sumner Redstone or Mel Karmazin commented on Viacom's acquisition plans.