THE VIRGINIAN-PILOT
Copyright (c) 1996, Landmark Communications, Inc.
DATE: Friday, April 26, 1996 TAG: 9604260627
SECTION: BUSINESS PAGE: D1 EDITION: FINAL
LENGTH: Medium: 58 lines
CAI Wireless Systems Inc. has built the East Coast's first digital wireless cable TV system in Hampton Roads, the company announced. CAI will begin testing the system, which it constructed as part of a strategic alliance with Bell Atlantic Corp. and NYNEX Corp. The two Baby Bells plan to deliver digital TV through the system via set-top converter boxes made by Thompson Consumer Electronics, CAI said. Digital cable systems are supposed to offer TV viewers a clearer picture, more channels and CD-quality sound because of more efficient signal compression. Bell Atlantic and NYNEX have said they plan to offer digital programming in their markets by end of this year. (Staff) Hampton Roads port rebounds in March
Shipments through the port of Hampton Roads resumed double-digit growth in March following a flat January and February due to the winter weather and the slowing economy. About 773,000 tons of cargo moved across the port's state-owned docks in Norfolk, Portsmouth and Newport News in March, according to Virginia International Terminals Inc., which operates those terminals. That's a 16.1 percent increase from the 666,000 tons of cargo shipped through the terminals in March 1995. So far this year, the state terminal's have handled more than 2 million tons, a 6.1 percent gain over last year. (Staff) Tenneco wants $4 billion for energy subsidiary
Tenneco Inc. is seeking at least $4 billion for its natural gas unit, said Dana G. Mead, its chairman and chief executive. Greenwich, Conn.-based Tenneco announced in March that it wants to sell or spin off the unit to shareholders. The unit called Tenneco Energy owns a major natural gas pipeline serving the Eastern seaboard. The company has reviewed initial sale proposals and is preparing presentations for three finalist bidders, Mead said. Tenneco also owns Newport News Shipbuilding, which it is spinning off to shareholders. It wants to complete both deals by the end of the year. (Bloomberg Business News) Cox to acquire system in James City, York
Cox Communications Inc., the dominant cable-TV provider in Hampton Roads, said it will acquire Continental Cablevision Inc.'s system in James City and York counties as part of a swap of systems between the two operators. Cox will get a system in Pawtucket, R.I. as well. In return Cox will transfer to Continental several systems in Massachusetts. After this transaction and several others in progress, Cox will have 380,000 subscribers in Hampton Roads. (Bloomberg Business News) by CNB