What Happened on June 13th

Joint Venture to Combine Computing and Television Announced

Time-Warner Inc., Microsoft Corp., and Tele-Communications Inc. announced a joint venture designed to "combine the worlds of computing and television and perhaps shape how much of popular culture is delivered." The development of interactive television software -- which would allow consumers to shop, bank, and use the World Wide Web via their home television sets -- seemed the next route to take in making technology accessible and useful at home.