Rogers Communications said it has decided to...

Rogers Communications said it has decided to sell all of its U.S. cable television systems as a single unit to reduce debt that currently exceeds $1 billion. The Toronto-based company--which also has Canadian cable systems, broadcasting and cellular radio holdings--took on massive debt in the past 18 months when it repurchased stock to reduce foreign ownership to comply with Canadian law. Rogers said it has retained the investment banking firm of Morgan Stanley to assist in the sale, which will include its cable holdings in Southern California, as well as Oregon, Texas and Minnesota. The company serves about 73,000 subscribers in Orange County.