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The Newhouse opel'ations include cable television <br />systems with 350,000 subscribers, radio stations, and a <br />microwave communications service. In the print media <br />they own a number of newspapers, some well known maga- <br />zines such as House & Gardens and Vogue, and the book <br />publisher Random House Thief business philosopy of <br />decentralized responsibility is si~nilar to ours and is <br />one which will allow you to continue to lool{ to me and <br />the friends you've [nade in our home office to answer <br />your questions and respond to your needs. <br /> <br /> The franchise you ilave granted us provides for <br />your expression of approval for a transaction such as <br />this. A specific requesn and application will be sent <br />shortly. <br /> <br /> Let me add that i personally am looking forward to <br />this new association with Newhouse. I am confident it <br />will serve the best interest of our customers, who are <br />my friends and neighbors. <br /> <br /> Sine%rely yours, <br /> <br /> Robert £,~. Melton k~ <br /> General ~lanager <br /> <br /> <br />