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Article: U S WEST MEDIA GROUP GETS LEANER, STRONGER REDUCES $6.1 BILLION WORTH OF DEBT IN 2 DEALS.(Business)

Article from:
Rocky Mountain News (Denver, CO)
Article date:
May 17, 1997
Author:
Copyright

Byline: Rebecca Cantwell Rocky Mountain News Staff Writer

U S West Media Group, already the nation's third-largest cable television operator, is expected to grow into a stronger competitor by shedding $6.1 billion in debt through plans announced Friday.

U S West Inc. will transfer its domestic telephone directory publishing business from Media Group back to U S West Communications in a $4.75 billion transaction. And Media Group signed a definite agreement with AirTouch Communications to complete the $5 billion deal they announced a month ago.

Media Group will thus transfer its domestic yellow pages and cellular phone businesses and cut its $10 ...

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