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TECHNOLOGY & TELECOMMUNICATIONS

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Times Staff and Wire Reports

TCI Changes Restructuring Plan: The board of Tele-Communications Inc. approved a plan to spin off its Liberty Media programming unit to shareholders and sell up to 20% of its international operations in a public offering. The Denver-based company, which is the nation’s largest cable TV operator, decided against a previous plan to divide TCI into four separate firms and allow investors to invest in any of the units. Shares in Liberty Media would be distributed to TCI investors in the form of a stock dividend under the plan, which must be approved by shareholders.

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