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INTRODUCTION <br />The, Member C,i,t,ies, olf the Co mi. 'sisil"on had been requested <br />0 <br />to approve the sal,e of stock in Group W Cable of the North <br />Suburbs, In,cla to North Central Cable Communications Corpora- <br />tion. This request arises out, of the previous denial of <br />Transaction #12 wherein, the, Cowls ion and the Member Ci hies <br />0, <br />d.t"Lsiappiroved the sale olf stiock in y1our s stem f rom Group W to <br />41 It 1'es <br />NoirIth Central Cable Communio,cat ions Ciompianym, LaPs <br />a <br />imporItant to, note, that although the piroicess and factors to <br />0 <br />i,oin 1 n is, re,ques <br />be, considered by, the Comm,osis' th t for approval <br />A <br />e s "llar to, the earlier process this request is se2aratte <br />a r ,1 mi, process <br />and distincit. The Commi,ss,:Loin sihoiu,ld not rely upon earlier <br />9, *1 1 � #A <br />information or pre v,lo�u c <br />s perep dons ionss The parties to this <br />requesit for approval and the information provided is <br />11 <br />slightly different from that which the Comm is,s i'lon previously <br />"dered., Th* orandum analvIzes, the current proposed <br />cloinsil is mem Act <br />transaction blelfore the Commission. <br />III,, DESCRIPTION OF TRANSACTION <br />X9 Ba c kg r, a, u nd <br />Before coins idering th1*s transaction, the Comm. "Ission <br />sholu,ld be aware of the current structure olf Group W Cable, <br />I nc The, earlier Transaction #1 1nvolving the sale and <br />t,ransf'er of all of the ssued and outstanding shares of the <br />capital Mock of Group W' Cable, Inc. from Westinghouse <br />Broadcasting and Cable,, Inc. to the consortiLum of five <br />41 <br />Buyers closed on June 19jr 1986 1. Group W is now supervised, <br />