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One of the two local cable television operators in Indian River County, TO of Northern <br />New Jersey, Inc., dba TO Cablevision of the Treasure Coast, has entered into an Asset <br />Exchange Agreement with MediaOne of Illinois, Inc. The cable system in Indian River <br />County is one of those that is scheduled for the transfer to MediaOne. The Indian River <br />County Board of County Commissioners is being asked to approve the transfer of the <br />franchise. <br />MediaOne is the third largest Cable Television Providers in the country with over <br />5,000,000 subscribers and over $25 billion in assets world-wide. The requirements our <br />franchise imposes on the local CATV provider would not change. <br />TO also has franchise agreements with the City of Vero Beach, Indian River Shores, and <br />the Town of Orchid. Those governmental entities are also dealing with the request for <br />approval of the transfer of their franchises. <br />RECOMMENDATION: <br />Staff recommends the approval of the transfer of the CATV franchise and local system <br />from TO to MediaOne and that the Board authorize the Chairman to sign the attached <br />Resolution. <br />Telecommunications Manager Terry Smith advised that TCI has entered into an <br />exchange agreement with MediaOne and the Board is being asked to approve the transfer. <br />Section 9-B of the County's current franchise agreement states that approval may not <br />unreasonably be withheld. <br />Commissioner Ginn questioned whether AT&T's purchase of TCI was part of the <br />whole transaction. <br />Jean Schulte of MediaOne stated that the deal between TCI and MediaOne was <br />already in process when AT&T purchased TCI. <br />JANUARY 19, 1999 <br />-41- 600K 108 rnd <br />