Sammons Sells Remaining Cable Businesses: Sammons Communications Inc. has agreed to sell the last of its cable television operations for $800 million to two companies affiliated with industry leader Tele-Communications Inc. Sammons sold the systems to the Lenfest Group and TKR cable, both of which are half-owned by Englewood, Colo.-based TCI. The franchises serve 440,000 subscribers in Pennsylvania and New Jersey. Sammons earlier this month agreed to sell most of its cable holdings to Marcus Cable of Dallas for $1 billion. Those properties serve about 650,000 customers in Texas, California, the Midwest and the South. Privately held Sammons served a total of 1.1 million customers in 18 states. The sale of its cable systems is part of an ongoing industry consolidation, as smaller companies sell their systems to big operators.
Times Staff and Wire Reports
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