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Short Take: AT&T, Midcontinent in cable joint venture

AT&T Broadband & Internet Services, the long distance giant's cable unit, and Midcontinent Media have agreed to create a joint venture serving 200,000 cable television customers in the Midwest. Midcontinent will manage the partnership. The joint venture, subject to regulatory approval, is expected to close in early 2000. Financial terms were not disclosed.

AT&T Broadband & Internet Services, the long distance giant's cable unit, and Midcontinent Media have agreed to create a joint venture serving 200,000 cable television customers in the Midwest. Midcontinent will manage the partnership. The joint venture, subject to regulatory approval, is expected to close in early 2000. Financial terms were not disclosed.