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SUITORS EYE STAKE IN NBC
Published September 12, 1994
GE and Time Warner resume talks this week as Time Warner tries to secure NBC as a programming outlet and GE considers selling all or part of its share in the network. This morning's WALL STREET JOURNAL reports other suitors are considering bids for NBC, including Harcourt General and Turner Broadcasting. Harcourt is completing a sale of its insurance unit to GE for $400M; TBS is considered "unlikely" to purchase NBC because Time Warner is one of its major shareholders (Roberts & Jensen, WALL STREET JOURNAL, 9/12).
