[Federal Register Volume 68, Number 187 (Friday, September 26, 2003)]
[Notices]
[Pages 55666-55667]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 03-24377]


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SECURITIES AND EXCHANGE COMMISSION

[File No. 1-12878]


Issuer Delisting; Notice of Application of Time Warner Company, 
L.P., To Withdraw Its 7\1/4\% Senior Debentures (due 2008) and Related 
Guarantees of Warner Communications Inc. and American Television and 
Communications Corporation, From Listing and Registration on the New 
York Stock Exchange, Inc.

September 22, 2003.
    Time Warner Entertainment Company, L.P., a State of Delaware 
corporation (``Issuer''), has filed an application with the Securities 
and Exchange Commission (``Commission''), pursuant to section 12(d) of 
the Securities Exchange Act of 1934 (``Act'')\1\ and Rule 12d2-2(d) 
thereunder,\2\ to withdraw its 7\1/4\% Senior Debentures (due 2003) and 
the related Guarantees of Warner Communications, Inc. (``WCI'') and 
American Television and Communications Corporation (``ATC''), each of 
which is a guarantor of the Debentures (``Securities''), from listing 
and registration on the New York Stock Exchange, Inc. (``NYSE'' or 
``Exchange'').
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    \1\ 15 U.S.C. 78l(d).
    \2\ 17 CFR 240.12d2-2(d).
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    The Issuer's General Partner approved resolutions on August 25, 
2003, to withdraw the Issuer's Securities from listing on the NYSE. On 
September 9, 2003, the Board of Directors (``Board'') of each WCI and 
ATC approved resolutions related their guarantees.
    In its application with the Commission, the Issuer stated the 
following with respect to its decision to withdraw the Security from 
the Exchange: The Securities are held by a small number of holders; 
there has been very little trading in the Securities on the NYSE in the 
23-month period from September 2001 through July 2003, in the 
aggregate, only approximately $10 million principal amount of 
debentures were traded on the NYSE; the Issuer has four other debt 
securities outstanding, none of which is listed for trading on an 
exchange (all are actively traded in the over-the counter-market); the 
Issuer would prefer that all trading in its Securities occur in the 
over-the-counter market.
    The Issuer stated in its application that it has complied with the 
NYSE's rules governing an issuer's voluntary withdrawal of a security 
from listing and registration. The Issuer's application relates solely 
to the

[[Page 55667]]

Security's withdrawal from listing on the NYSE and from registration 
under section 12(b) of the Act \3\ and shall not affect its obligation 
to be registered under section 12(g) of the Act.\4\
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    \3\ 15 U.S.C. 78l(b).
    \4\ 15 U.S.C. 78l(g).
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    Any interested person may, on or before October 14, 2003, submit by 
letter to the Secretary of the Securities and Exchange Commission, 450 
Fifth Street, NW., Washington, DC 20549-0609, facts bearing upon 
whether the application has been made in accordance with the rules of 
the NYSE and what terms, if any, should be imposed by the Commission 
for the protection of investors. The Commission, based on the 
information submitted to it, will issue an order granting the 
application after the date mentioned above, unless the Commission 
determines to order a hearing on the matter.

    For the Commission, by the Division of Market Regulation, 
pursuant to delegated authority.\5\
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    \5\ 17 CFR 200.30-3(a)(1).
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Jonathan G. Katz,
Secretary.
[FR Doc. 03-24377 Filed 9-25-03; 8:45 am]
BILLING CODE 8010-01-P