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�^. I. INTRODUCTION <br />The Member Cities of the Commission had been requested <br />to approve the sale of stock in Group W Cable of the North <br />Suburbs, inc. to North Central Cable Communications Corpora- <br />tion. This request arises out of the previous denial of• <br />Transaction #2 wherein the Commission and the Member Cities <br />disapproved the sale of stock in your system from Group W to <br />North Central Cable Communications Company, L.P. It is <br />important to note that although the process and factors to <br />be considered by the Commission in this request for approval <br />are similar to the earlier process, this request is separate <br />and distinct. The Commission should not rely upon earlier <br />information or previous perceptions. The parties to this <br />request for approval and the information provided is <br />slightly different from that which the Commission previously <br />considered. This memorandum analyzes the current proposed <br />transaction before the Commission. <br />II. DESCRIPTION OF TRANSACTION <br />A. Background. <br />Before considering this transaction, the Commission <br />should be aware of the current structure of Group W Cable, _ <br />Inc. The earlier Transaction #1 involving the sale and <br />transfer of all of the issued and outstanding shares of the <br />cap?.':al stock of Group W Cable, Inc. from Westinghouse <br />Broadcasting and Cable, inc. to the consortium of five <br />Buyers closed on June 19, 1986. Group W is now supervised <br />- 2 - <br />0 <br />