Entertainment Mediacom Plans to Sell $400 Million in Bonds

Mediacom Communications Corp. plans to sell $400 million of high-yield bonds this month through its Mediacom Broadband units to help fund the purchase of cable-television systems from AT&T; Corp. The Middletown, N.Y.-based cable-television company, which serves rural areas of the United States, is to privately sell 12-year senior notes through Mediacom Broadband and Mediacom Broadband Corp. Salomon Smith Barney, Credit Suisse First Boston and J.P. Morgan Chase & Co. are managing the sale. Pricing on the notes is expected to be set late this month after investor meetings, said people familiar with the matter.