Agenda Packets - 1986/05/19 - Laserfiche WebLink

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OPPENHEIMER WC' FOSTER AND SHEPARD DONNELLY North Suburban Cable Commission Apri. 28, 1966 Page Five system. Since Group W will remain in existence, the technical ability of the franchise ho!der is not at question. However, a review of the Buyers may be undertaken. In such a review, it is noted that the Buyers have extensive cable television experience. Therefore, in reviewing the technical abilities of the Buyers, it would be unreasonable to determine that the Buyers are not technically qualified to own and operate your cable system. Further, since North Central has been designated as the manager of your cable System upon completion of the Transfer Transaction, it is a valid inquiry to determine the technical ability of such management. The technical ability factor relates to the technical expertise and experience of North Central in operating and managing a cable system. Since North Central is a new entity, it has not directly owned or operated any cable systems. Therefore, the ability of its managing principals must be reviewed. Information has been provided concerning such principals' experiences in owning, operating, and managing cable systems. Hauser Cable Communications, Inc., ('Hauser Cable") as general partner of North Central, will be primarily responsible for the management of North Central. A majority interest in Hauser Cable will be held by Gustave M. Hauser, or a company controlled by Mr. Hauser. Additionally, John D. Evans, or a company controlled by Mr. Evans, will also own stock in Hauser Cable. Moreover, Hauser Cable has stated that it irtends to enter into a standard management agreement with Hauser Co^iuni cations, Inc. (-Hc—) to be responsible for the day-to-day supervisory management of Ncrth Central and the cable systems. The information which has been reviewed by Commission staff indicates that Mr. Hauser, Mr. Evans, and HC have cable management capability and experience sufficient to satisfy the technical ability factor as applied to your cable System. Mr. Hauser is Chairman and Chief Executive Officer of HC, Arlington Cable Partners, and Suburban Cablevision Company. He formerly served as Chairman and Chief Executive officer of Warner Amex Cattle Communications, Inc. He has been involved in cable television and other electronic communications since the early 1960's. Mr. Evans, as President of HC and Arlington Cable Partners, has 13 years of management experience in the cable television industry. He manages a'34,000 subscriber cable system in Arlington, Virginia and a 33,000 subscriber