Presenter
Presented by Mr. Peduto
AS AMENDED
Title
Resolution approving the request for change in control of the City's cable system franchise from AT&T Corp. to AT&T Comcast Corporation.
Body
Whereas, TCI of Pennsylvania, Inc., the holder of a franchise to operate a cable system franchise in the City of Pittsburgh, is a subsidiary of AT&T Corp. ("AT&T");
Whereas, AT&T has announced its intention to merge with Comcast Corporation ("Comcast") to create a new company to be known as AT&T Comcast Corporation ("AT&T Comcast"), pursuant to the terms of an Agreement and Plan of Merger dated on or about December 19, 2001 by and among AT&T, AT&T Broadband Corp. ("AT&T Broadband"), Comcast, and certain of their respective affiliates, and a Separation & Distribution Agreement dated on or about December 19, 2001 by and between AT&T and AT&T Broadband (the "Merger");
Whereas, following the Merger, the Franchisee will be controlled by AT&T Comcast, but will continue to operate the City cable system and continue to hold and be responsible for performance of the City cable system Franchise;
Whereas, AT&T and Comcast notified the City in a letter dated on or about February 25, 2002 of the pending abovementioned Transactions, and requested approval for the change in control from AT&T to AT&T Comcast, pursuant to applicable federal law, and Chapter 425 of the Pittsburgh Code of Ordinances;
Whereas, on or about March 27, 2002, the City submitted to Franchisee, AT&T and Comcast a series of detailed written interrogatories on issues pertaining to the proposed AT&T Comcast merger and change in control of the franchise to AT&T Comcast;
Whereas, the City has reviewed thoroughly the Transfer Application, examined the legal, financial and technical qualifications of AT&T Comcast, followed all required procedures in order to consider and act upon the Transfer Application, and considered comments of all interested parties;
Whereas, Franchisee does not curre...
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