GALAXY <GTV> TO SELL WEST TEXAS ASSETS
Galaxy Cablevision L.P. said it
signed a letter of intent to sell the assets of its cable
television systems in West Texas which serve about 4,600 basic
subscribers through nine cable television systems.
    Terms were not disclosed and the Galaxy did not identify
the buyer. The company also said it will make its first cash
dividend of 37 cents per unit on or about August 15 to holders
of record June 30.
    In March, Galaxy completed a public offering of 2.2 mln
units for 43 mln dlrs and acquired the assets of 132 cable
television systems for about 34 mln dlrs.
 Reuter
