CABLEVISION TO BUY VALLEY CABLE FOR 100 MLN DLR

  &lt;Cablevision Industries Corp>
  said its Cablevision Industries of California Inc subsidiary
  has entered into an agreement to buy substantially all of the
  assets of Valley Cable TV for about 100 mln dlrs.
      The company said it will buy the system from a California
  limited partnership, which is wholly-owned by Toronto-based
  &lt;Hollinger Inc>.
      It said Valley Cable operates a 60,000 subscriber cable
  television systems passing about 180,000 homes in the west San
  Fernando Valley area of Los Angeles.
      Cablevision said it is the nation's 21st largest cable
  company and is ownnd by Alan Gerry, its chairman, president and
  chief executive officer. The company said the agreement is
  subject to regulatory approval.
  

