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86-025
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86-025
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5/8/2007 1:17:44 PM
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11/14/2006 9:57:08 AM
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<br />J <br /> <br />-.- <br /> <br />and <br /> <br />that <br /> <br />is hereby qiven that the Member Cities will IIIllke <br />determination of this matter. Further, notice <br />qiven that each Member City, may at its own <br />accept or re ject the Conani ssion' s recommendation <br />said recommendation has no leqal effect unless <br />adopted by the Member Cities as their final decision. <br /> <br />. <br /> <br />Notice <br />the final <br />is hereby <br />discretion, <br /> <br />expressly <br /> <br />STATBMER'l' OF ISSUE <br /> <br />The purpose of this proceeding is to determine whether <br />the Member Cities of the Conanission should approve or deny <br />the transfer of ownership and control of Group W to the Buyers. <br /> <br />Based upon all the proceedings herein, the Commission <br />makes the following: <br /> <br />FIRDIRGS OF FAC'!' <br /> <br />1. On or about February 10, ~986, the Commission and_its <br />Member Cities received an official notice from Group <br />W by and on behalf of its wholly-owned subsidiary Group <br />W Cable of the North Central Suburbs, Inc., requesting <br />approval of a change in control and transfer of ownership <br />in Group W to a group of five Buyers (the .stock transfer <br />transaction.). <br /> <br />2. <br /> <br />On February 25, 1986, the Conanission sent to Group W <br />a Municipal Request for Information Regarding Request <br />For Approval and Transfer for the purpose of inquiring <br />into the legal, technical, financial, and other <br />qualifications of the Buyers and their agents with respect <br />to control and operation of the Cities' cable franchises <br /> <br />, <br /> <br />-2- <br />
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