Press release: 1993-05-20: STANLEY THOMAS NAMED PRESIDENT AND CEO OF THE SEGA CHANNEL JOINT VENTURE
From Sega Retro
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Original source: The Free Library
NEW YORK, May 20 /PRNewswire/ -- Stanley B. Thomas Jr., senior vice president of Time-Warner Enterprises, has been named president and chief executive officer of the joint venture between Sega of America Inc., Time Warner Entertainment Co. L.P. and Tele- Communications Inc. (TCI), that will launch the Sega Channel. After the channel is launched, Thomas will also be president and chief executive officer of the Sega Channel, it was announced today by the three joint venture companies. The Sega Channel will offer Sega Genesis owners access to a large library of video games via cable televisions and will be priced in the range of most pay-cable subscription services. The channel will be launched in test markets this fall and the service will be available to all U.S. cable system operators in 1994. Thomas had been senior vice president of Time Warner Enterprises since May 1990. Prior to that, he was senior vice president, affiliate operations, for Home Box Office Inc., the pay-TV subsidiary of Time Warner Inc., since August 1989. Thomas was with HBO for 11 years. Beginning as an assistant to the chairman and chief executive officer, he rose, successively, to director of the national account management group; vice president, national accounts; and senior vice president of national accounts. He held previous positions at Time Inc. and ITT. Previously, he was deputy assistant secretary and the assistant secretary, Human Development Services Division, of the U.S. Department of Health, Education and Welfare in Washington D.C. He has a bachelor of arts in political science and history from Yale University. Sega of America Inc. is a wholly owned subsidiary of $3.1 billion Sega Enterprises Ltd., Japan. Sega is a worldwide leader in arcade and home entertainment systems. TCI is the world's largest cable company. It serves 10.2 million subscribers in 49 states and has operations in nine foreign countries. Time Warner Inc. is the world's leading media and entertainment company, with interests in magazine and book publishing, recorded music and music publishing, filmed entertainment, cable television and cable television programming. -0- 5/20/93 /CONTACT: Marci Williams or Brenda Maceo of Manning Selvage & Lee, 818-509-1840, for Sega of America/ CO: Sega of America Inc.; Sega Channel; Time Warner Enterprises; Time Warner Entertainment Co. L.P.; Tele-Communications Inc. ST: New York IN: ENT SU: PER JL -- LA008 -- 0589 05/20/93 08:17 EDT COPYRIGHT 1993 PR Newswire Association LLC No portion of this article can be reproduced without the express written permission from the copyright holder. Copyright 1993 Gale, Cengage Learning. All rights reserved.