Centel and Dow Jones will sell their cable holdings.

United Artists would also have to divest itself of some cable holdings, perhaps by merging them into the new company.

Maclean-Hunter also had cable holdings in the United States, which were acquired by Comcast in 1994.

Now Time Warner is trying to lift its sagging stock price and streamline its cable holdings.

However, not all investors are so happy to see Time Warner extend its cable holdings.

He says Time Warner's cable holdings can be "full-service networks," carrying not only television programming, but also telephone service, video-on-demand and home shopping services.

Some analysts estimate the value of Inner City's radio stations at $90 million and place a worth of $10 million on its cable holdings.

The sale of 10 million subscribers is not the company's first decision to shed cable holdings to reduce debt.

Viacom executives had previously indicated an interest in expanding their cable holdings.

He had 125 responses, including one from Mr. Malone, who was in the process of building a company of cable holdings.