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TIME: Almanac 1990
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1990 Time Magazine Compact Almanac, The (1991)(Time).iso
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time
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061989
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06198900.013
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1990-09-22
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BUSINESS, Page 49Business NotesTELECOMMUNICATIONSCalling All Car Phones
McCaw Cellular Communications is already the largest operator
in the seven-year-old cellular-telephone business, controlling
franchise areas with more than 50 million residents throughout 127
small and medium-size markets across the U.S. Last week the company
sought to build up its metropolitan business by making a $5.9
billion bid for New York City's LIN Broadcasting, which reaches 18
million potential phone subscribers in such major cities as New
York, Los Angeles and Dallas.
For Craig McCaw, the 39-year-old chairman of the company, which
is based in Kirkland, Wash., the bid for LIN caps a stunning sprint
of growth. Since 1973, McCaw has parlayed a backwater cable-TV
franchise into a cellular firm with annual revenues of $311
million.