GALAXY <GTV> TO SELL WEST TEXAS ASSETS Galaxy Cablevision L.P. said it signed a letter of intent to sell the assets of its cable television systems in West Texas which serve about 4,600 basic subscribers through nine cable television systems. Terms were not disclosed and the Galaxy did not identify the buyer. The company also said it will make its first cash dividend of 37 cents per unit on or about August 15 to holders of record June 30. In March, Galaxy completed a public offering of 2.2 mln units for 43 mln dlrs and acquired the assets of 132 cable television systems for about 34 mln dlrs.