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TW, TCI pact to cut debt

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Time Warner Inc. and Tele-Communications Inc. will form two partnerships to manage jointly owned cable systems serving one million customers in Texas in a deal that helps both cablers cut their debt…

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7th Level sellout

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Former junk bond king Michael Milken appears to be cutting his ties to the new media business, revealing late Friday that he had sold about one-third of his holding in the troubled computer games…

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