-336-
Communications Management Corp., a Delaware corporation (CMC),
and Charles F. Dolan (Dolan). Id. at 1-2. OBA owned all of the
stock of CMC. Exh. 7319 (next to last page). Kanter was the
president and Baskes was the vice president of CMC. Id.
LICCDC’s limited partners included class A and class B
participants. Statland Exh. 3A, at 4. The class A participants
consisted of various persons who contributed to the partnership
cash of $1,015,000 and $485,000 in 1974 and 1975, respectively.
Statland Exh. 3, at 3-4. The class B participants consisted of
OBA and Eagle Ventures, Inc. (EV). Id. at 4.
The LICCDC partnership agreement provided that LICCDC was
formed to carry on the business of constructing, owning,
altering, repairing, financing, operating, promoting, and
otherwise exploiting one or more cable television systems in
Nassau and Suffolk Counties in the State of New York. Statland
Exh. 3A, at 2. The LICCDC partnership agreement stated:
Any additional cash required to complete the equity
portion of the 450 mile addition of the Oyster Bay
system which cannot be borrowed by the Partnership
shall be contributed half by the General Partners and
half by the Class B Participants, provided, however,
that neither the General Partner nor the Class B
Participants shall be required to make capital
contributions after June 30, 1976. [Id. at 4-5.]
Article 6.4 of the LICCDC partnership agreement stated: “payment
from the General Partner or from the Class B Participants is due
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