Tele-Communications Inc.: The nation’s largest cable television...
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From Times Staff and Wire Reports
Tele-Communications Inc.: The nation’s largest cable television system operator lost $257 million last year, citing expenses linked to the financing of acquisitions. The loss is in contrast to net earnings of $56 million in 1988. The Denver-based firm blamed the loss on “decreased gain on sales of assets.” Revenue for 1989 rose 36% to $3 billion on a broadening of subscriber base.
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