CABLEVISION TO BUY VALLEY CABLE FOR 100 MLN DLR
<Cablevision Industries Corp>
said its Cablevision Industries of California Inc subsidiary
has entered into an agreement to buy substantially all of the
assets of Valley Cable TV for about 100 mln dlrs.
    The company said it will buy the system from a California
limited partnership, which is wholly-owned by Toronto-based
<Hollinger Inc>.
    It said Valley Cable operates a 60,000 subscriber cable
television systems passing about 180,000 homes in the west San
Fernando Valley area of Los Angeles.
    Cablevision said it is the nation's 21st largest cable
company and is ownnd by Alan Gerry, its chairman, president and
chief executive officer. The company said the agreement is
subject to regulatory approval.
 Reuter
