In 1996, US West
acquired Continental Cablevision
for $5.3 billion in stock and renamed it Media One. Amos B. Hostetter, Jr., a founder and former chairman and CEO of Continental resigned after US West moved the company's headquarters from Boston, Massachusetts.
In 1998, U S WEST spun off MediaOne's parent company, U S WEST Media Group as the MediaOne Group.
In 1999 Comcast, first made a bid for MediaOne. Comcast said they would pay $60 billion and assume all of MediaOne's debt. On May 6, 1999 AT&T;
, not wanting to be outdone promised about $62 billion instead, and paid the "breaking up of the MediaOne-Comcast merger agreement" allowing MediaOne to be purchased by AT&T.;
MediaOne RoadRunner et al. next became AT&T; branded. The portion which ran television was "AT&T; Cable Television", another part for Internet became known as "AT&T; Broadband Internet" and the third became "AT&T; Digital Phone". The buyout of MediaOne by AT&T; happened close on the heels of AT&T;'s other cable company purchase TCI. That buyout by TCI already made AT&T; the largest Cable Company, and MediaOne only served to increase their margin of leadership.
In the summer of 2000, AT&T; Broadband purchased the Downtown Boston market, then controlled by New York-based Cablevision for $11.8 billion dollars. The deal upon closure effectively made the Boston/New England region MediaOne's largest clustered market. In exchange for Downtown Boston, CableVision was traded several of AT&T; Broadband's upstate-New york area markets.
AT&T; was unable to make the merger work for many reasons, and split the company into three separate companies: AT&T; Wireless was spun off as a public company, AT&T; Cable/AT&T; Broadband was purchased by Comcast. The regular phone business continued as a public company.
The company motto was "This is Broadband. This is the way."Close Up of Vignette
Common Stock, specimen, late 1900’sPrinter: American Bank Note Company Dimensions:
8” (h) x 12” (w)State: MA-Massachusetts Subject Matter: Sports and Entertainment
| Cable and Internet
| Specimen Pieces Vignette Topic(s): Allegorical Featured
| Allegorical Angel
| Globe Featured Condition:
No fold lines, punch hole and stamp cancels in the signature areas and body, very crisp.