Comcast buys services from Marcus Cable Co.

Maryland Watch

December 06, 1997

Marcus Cable Co. L.P. said yesterday that it has agreed to sell its Eastern Shore cable services to Comcast Cable Communications Inc. for $65.5 million.

The deal involves service for 26,500 customers in the Denton, Federalsburg and Cambridge areas and in central Delaware.

Comcast spokesman David Nevins said it was "way too premature" to say if the transaction would affect rates or channel selection.

He added that no job cuts are anticipated as a result of the transaction.

Philadelphia-based Comcast has 700 employees in Maryland, including 300 at the company's regional headquarters in White Marsh. Dallas-based Marcus Cable has 61 employees in Delaware and Maryland.

Both companies said the deal will allow them to concentrate their services. Lou Borelli, executive vice president and chief operating officer of Marcus Cable, said, "If efficiency is important, it's probably good to shed assets where you don't have market presence and use the money to buy assets where you do."

The deal still must be approved by regulators. Nevins and Borelli said they believe the transaction will be finalized by spring.

Pub Date: 12/06/97

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