TCI Satellite shareholders greenlight going public

Primestar partnership approved, still awaiting FCC's ruling

WASHINGTON — Stockholders in Tele-Communications Inc. spin-off TCI Satellite Entertainment have approved the proposed roll-up of the Primestar partnership into a publicly traded company.

The shareholder approval takes the partnership one step closer to its new corporate structure. TSAT and the other partners — Time Warner, Cox, Comcast MediaOne and GE Americom — hope to complete the restructuring by April 1.

Meanwhile, Primestar still is waiting for Federal Communications Commission approval on its request to purchase the DBS license now controlled by News Corp. and MCI. The FCC is taking a close look at the proposed deal because it is wary of handing over the last remaining DBS license to a company controlled by the biggest players in the cable industry. In the face of rising cable rates, the FCC is concerned that the slot will be used to undermine the developing rivalry between DBS and the cable industry.

More Biz

  • Jack Ma Alibaba

    Alibaba Looking at Expansion in Advertising, Media Sectors

    WASHINGTON — Stockholders in Tele-Communications Inc. spin-off TCI Satellite Entertainment have approved the proposed roll-up of the Primestar partnership into a publicly traded company. The shareholder approval takes the partnership one step closer to its new corporate structure. TSAT and the other partners — Time Warner, Cox, Comcast MediaOne and GE Americom — hope to […]

  • Mandatory Credit: Photo by AP/REX/Shutterstock (9178399b)Hillary

    Hillary Clinton Talks Russia, Trump, Putin and Midterm Elections at NYC Festival

    WASHINGTON — Stockholders in Tele-Communications Inc. spin-off TCI Satellite Entertainment have approved the proposed roll-up of the Primestar partnership into a publicly traded company. The shareholder approval takes the partnership one step closer to its new corporate structure. TSAT and the other partners — Time Warner, Cox, Comcast MediaOne and GE Americom — hope to […]

  • Richard Simmons

    Prosecutors Charge Private Eye With Illegal Spying on Richard Simmons

    WASHINGTON — Stockholders in Tele-Communications Inc. spin-off TCI Satellite Entertainment have approved the proposed roll-up of the Primestar partnership into a publicly traded company. The shareholder approval takes the partnership one step closer to its new corporate structure. TSAT and the other partners — Time Warner, Cox, Comcast MediaOne and GE Americom — hope to […]

  • Lionsgate General Counsel Left Amid Allegations

    Lionsgate General Counsel Left Amid Allegations of Sexual Abuse

    WASHINGTON — Stockholders in Tele-Communications Inc. spin-off TCI Satellite Entertainment have approved the proposed roll-up of the Primestar partnership into a publicly traded company. The shareholder approval takes the partnership one step closer to its new corporate structure. TSAT and the other partners — Time Warner, Cox, Comcast MediaOne and GE Americom — hope to […]

  • 'Hammerhead' Takes Top Honors at New

    'Hammerhead' Takes Top Honors at New York Television Festival

    WASHINGTON — Stockholders in Tele-Communications Inc. spin-off TCI Satellite Entertainment have approved the proposed roll-up of the Primestar partnership into a publicly traded company. The shareholder approval takes the partnership one step closer to its new corporate structure. TSAT and the other partners — Time Warner, Cox, Comcast MediaOne and GE Americom — hope to […]

  • Radiohead Coachella

    Radiohead Demands Answers in Drum Technician's Death

    WASHINGTON — Stockholders in Tele-Communications Inc. spin-off TCI Satellite Entertainment have approved the proposed roll-up of the Primestar partnership into a publicly traded company. The shareholder approval takes the partnership one step closer to its new corporate structure. TSAT and the other partners — Time Warner, Cox, Comcast MediaOne and GE Americom — hope to […]

  • Kevin Durant LeBron James

    Kevin Durant Praises LeBron James' Lakers Move

    WASHINGTON — Stockholders in Tele-Communications Inc. spin-off TCI Satellite Entertainment have approved the proposed roll-up of the Primestar partnership into a publicly traded company. The shareholder approval takes the partnership one step closer to its new corporate structure. TSAT and the other partners — Time Warner, Cox, Comcast MediaOne and GE Americom — hope to […]

More From Our Brands

Access exclusive content