Cable TV Swap Planned: Times Mirror Co.,...

Cable TV Swap Planned: Times Mirror Co., the owner of the Los Angeles Times, said its cable television division has agreed to trade the assets of two cable systems in New York and Massachusetts for certain Arizona systems currently being acquired by Cablevision Systems Corp. A Cablevision spokeswoman said the Arizona systems have been priced at $147.5 million. When the swap with Times Mirror eventually occurs, Times Mirror has agreed to make an additional $5-million payment, the Cablevision spokeswoman said.