Jack Kent Cooke bought another cable operation.
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Cooke, who owns the Los Angeles Daily News and a number of other businesses, said he has agreed to purchase First Carolina Communications’ 21 cable TV systems serving 156,000 subscribers. The systems pass about 300,000 homes, primarily in Tennessee, Georgia, South Carolina, North Carolina, Virginia, Kentucky, Ohio and Arizona. Cooke said his firm, Jack Kent Cooke Inc., would have 600,000 cable subscribers after the transaction is completed and become the nation’s 15th largest multiple system owner. Terms were not disclosed.
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