OCR Text |
Show Merger Plans Abandoned For Present TULSA, Okla., Dec. 21 Cox Cable Communications, Communica-tions, Inc. and LVO Cable, Cab-le, Inc. have terminated plans to merge, primarily prima-rily due to current market mar-ket conditions. The companies com-panies are, however, exploring ex-ploring alternative arrangements ar-rangements for the joint development of several cites for which LVO Cable holds cable television tele-vision franchises. If market conditions warrant, war-rant, they may at some later date reevaluate possible merger arrangements ar-rangements upon terms then mutually acceptable. The companies also reported that the Department Depart-ment of Justice had not acted on their request for pre-merger clearance clear-ance at the time of this announcement. |