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52 McCACHERN 8LVO. e P.O*8OX ~08 ' · <br /> CONCORD, N.C* 280~5 <br /> 704-788-4157 <br /> <br /> May 4, 1981 <br /> <br />Mr. Ralph C. Bonds, Chairman <br />Cabarrus County Board of Commissioners <br />Post office Box 707 <br />Concord, North Carolina 28144 <br /> <br />Dear Chairman Bonds: <br /> <br /> On behalf of Vision Cable Communications, Inc. <br />("Vision"), the cable television franchisee in Cabarrus <br />County, North Carolina, I am pleased to formally advise you <br />that Vision plans to merge with a subsidiary of The Newhouse <br />Group Inc. ("Newhouse"). Vision will be the surviving <br />corporation of the merger and will be a subsidiary of <br />Newhouse. <br /> <br /> There will be no change in the Cabarrus County cable <br />system's operations and personnel as a result of this <br />transaction, and Vision will operate as a separate corporation <br />after the merger. <br /> <br /> We respectfully request the approval of the Board of <br />Commissioners to the proposed merger. We have taken the <br />liberty of enclosing a draft resolution which may be of some <br />help to you in considering this matter. <br /> <br /> Newhouse has been a pioneer and leader in the <br />communications industry, operating various communications <br />facilities throughout the country which are known for <br />excellent serylce. The Newhouse operations include cable <br />television systems with about 350,000 subscribers, radio <br />stations, and a microwave communications service. In the <br />print media Newhouse owns 29 newspapers, some well-known <br />magazines such as House & Garden and Vogue, and the book <br />publisher Random House. In view of the experience and <br />resources of Newhouse, Vision is extremely enthusiastic about <br />its future. <br /> <br /> "THE ENTERTAINMENT PEOPLE" <br /> <br /> <br />