AMERICAN TELEVISION &lt;ATCMA> BUYS TIME &lt;TL> UNIT

  American Television and
  Communications Corp said it has completed the acquisition of
  Manhattan Cable Television Inc from Time Inc for about
  9,400,000 Class B common shares.
      American Television was spun off from Time in August 1986.
  The company said following this transaction, Time now owns 82
  pct of American Television.
  

