Feb 21 1980
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(New page: Radio Corporation of America (RCA) said it would lease capacity on an American Telephone and Telegraph (AT&T) satellite to make up for its own satellite that disappeared after launch [see ...)
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Radio Corporation of America (RCA) said it would lease capacity on an American Telephone and Telegraph (AT&T) satellite to make up for its own satellite that disappeared after launch [see December 11, 1979]. Eleven cable television companies that were to use the lost satellite could now begin sending programs to cable systems as early as April 1. Loss of RCA Satcom 3 had threatened the cable television industry; twenty channels were in use on one RCA satellite, and eleven more had been scheduled for the lost satellite. Under the arrangement with AT&T, RCA would pay $70,000 a month for each channel which it would then lease at $40,000 a month; an 18-month lease would lose RCA about $5.9 million including expenses. (W Star, Feb 21180, C-9)
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