COMPANY TOWN ANNEX
Viacom to Sell Cable TV Systems: The company said it will sell its cable television systems, serving 1.1 million customers, to a partnership in which cable giant Tele-Communications Inc. has a stake, for $2.3 billion. The negotiations have been previously reported. NRCS Pacific LP is to buy Viacom’s cable systems in the Seattle-Tacoma area; Northern California; Salem, Ore., and Dayton, Ohio. RCS Nashville LP is to buy Viacom’s system in Nashville, Tenn. In both RCS partnerships, the general partner is Mitgo Corp., a cable operator owned by Frank Washington of Sacramento. The limited partner is Intermedia Partners, which is 31%-owned by Tele-Communications.
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