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                                                                    EXHIBIT 99.2

                                   [TCI LOGO]



FOR IMMEDIATE RELEASE
JUNE 24, 1998
CONTACTS:         VIVIAN CARR, LIBERTY MEDIA GROUP, (303) 721-5406
                  LARAE MARSIK, TCI MEDIA RELATIONS, (303) 267-5273
                  LINDA DILL, TCI INVESTOR RELATIONS, (303) 267-5048


             LIBERTY MEDIA GROUP TO COMBINE WITH TCI VENTURES GROUP

 NEW ENTITY HEADED BY JOHN MALONE TO BE SEPARATELY TRADED TRACKING STOCK OF AT&T
                         UPON CLOSING OF AT&T/TCI MERGER


NEW YORK, NY/ENGLEWOOD, CO -- Tele-Communications, Inc. announced its intention
to combine Liberty Media Group (NASDAQ: LBYTA), its programming arm, and TCI
Ventures Group (NASDAQ: TCIVA), its technology investments unit. The proposed
combination is concurrent with, but not conditional upon, today's announcement
of the signing of a merger agreement between Tele-Communications, Inc. (TCI) and
AT&T (NYSE: T ). Under the terms of the consolidation, which is subject to
shareholder approval, each outstanding share of TCIVA or TCIVB stock will be
exchanged for .52 shares of LBTYA or LBTYB, as the case may be. John C. Malone,
TCI's Chairman and Chief Executive Officer, will serve as Chairman of the
consolidated group, which will be called Liberty Media Group, and Robert R.
Bennett, President and CEO of Liberty, will be President and CEO of the new
entity.

Upon closing of the AT&T/TCI merger, the shareholders of the new Liberty Media
Group will be issued separate tracking stock by AT&T in exchange for the shares
currently held. In addition, prior to the closing, Liberty's investment in At
Home Corporation (NASDAQ: ATHM), its investment in the National Digital
Television Center, and its ownership of Western Tele-Communications, Inc. will
be acquired by TCI Group for $2.5 billion cash in a tax-free transaction. The
AT&T shares which TCI Ventures Group will acquire upon closing of the Teleport
(NASDAQ: TCGI) transaction will also be acquired by TCI Group for approximately
$3.0 billion cash in a tax-free transaction. The new AT&T tracking stock will
track the remaining assets of the current Liberty and Ventures Groups together
with the approximately $5.5 billion of cash proceeds from the foregoing
transactions. Liberty will inherit TCI's net operating loss carryforward
existing at the closing of the AT&T/TCI merger; such carryforward is currently
approximately $1.7 billion and is subject to change prior to such closing.

"The new Liberty Media Group's exceptional programming and technology
investments, plus the substantial cash it will have, will help grow new
businesses, develop content and realize solid asset values for the benefit of
the stockholders of Liberty Media Group," said Mr. Malone. "I am very pleased to
work closely with Dob Bennett and to focus my attention on the wealth of
opportunities which exist."


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Tele-Communications, Inc. is traded through the TCI Group, TCI Ventures Group,
and Liberty Media Group common stocks. The Series A and Series B TCI Ventures
Group common stocks are traded on the National Market tier of the Nasdaq Stock
Market under the symbols TCIVA and TCIVB, respectively.


Liberty Media Group Series A and Series B Common Stock are series of
Tele-Communications, Inc. Common Stock and are traded on the National Market
tier of The Nasdaq Stock Market under symbols LBTYA and LBTYB, respectively.
Liberty Media Corporation operates the assets that comprise the Liberty Media
Group.

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Certain of the information presented in this press release constitutes forward
looking statements within the meaning of the Private Securities Litigation Act
of 1995. Although the Company believes that its expectations are based on
reasonable assumptions, there can be no assurance that actual results will not
differ materially from the Company's expectations. For additional information,
please refer to the reports filed by the Company with the Securities and
Exchange Commission. The Company assumes no obligation to update the information
contained in this press release.

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