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Article: U S WEST MEDIA GROUP CASH FLOW UP.(Business)
- Article from:
- Rocky Mountain News (Denver, CO)
- Article date:
- July 27, 1996
- Author:
CopyrightCOPYRIGHT 1996 Rocky Mountain News. All rights reserved. Reproduced with the permission of Dialog LLC by Gale Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Bill Menezes Rocky Mountain News Staff Writer
U S West Media Group said Friday its second quarter cash flow jumped 24%, but one Wall Street firm remains negative on the company because of questions about its Continental Cablevision buyout.
Fitch Investors Service said there was ``material uncertainty'' about final terms of the pending $10.8 billion Continental buyout.
U S West is using $3.3 billion in Media Group stock to help pay for Continental, which has the option to quit the deal if the stock's price averages below $20.83 during a certain period before the deal closes.
Media Group stock, which traded at $21.63 when the buyout was announced Feb. ...