SBD/15/Sports Media

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  • DISNEY, TIME WARNER, ITT: WHO WILL GET NBC

         Negotiations between Disney and GE about a possible sale of
    NBC "have stalled." Industry sources confirmed reports that
    Disney is considering a $5B bid for NBC.  Disney is said to be
    discussing a bid of $3.5B in cash and $1.5B in a promissory note.
    "But the negotiations with GE are said to have been affected by
    disagreement over valuation of the note" (N.Y. POST, 9/15).  Also
    interested in NBC:  ITT and Time Warner.  One NBC source said
    yesterday that an "outright sale of the network" was unlikely
    given the improving prospects and the network TV business in
    general.  NBC is interested in a "partnership arrangement whereby
    it would link up with a major producer" of programs (Paul Farhi,
    WASHINGTON POST, 9/15).
         OTHER SUITORS:  In New York, Robin Schatz notes other names
    "pop up every day for potential buyers of a broadcast TV
    network."  Among them:  Ted Turner, Harcourt General, Chris Craft
    Industries and Viacom (NEWSDAY, 9/15).  CNN's Lou Dobbs: "The
    baseball season may be over, but a brand new game has riveted the
    attention of Wall Street. The goal, to buy a broadcast network.
    The players, just about every major media company you can think
    of" ("Moneyline," 9/14).
    

    Print | Tags: NBC, Media, Time Warner, Viacom, Walt Disney
  • MEDIA NOTES

         The Golf Channel is targeting Jan. 17 for its debut
    telecast.  The Golf Channel, based in Orlando and founded by
    cable TV exec. Joseph Gibbs and Arnold Palmer, will be the only
    24 hour television network dedicated to golf (Steve Pike, GOLF
    WEEK, 9/17)....SportsChannel New England and the Celtics have
    agreed in principle to a multi-year agreement to continue airing
    Celtisc home games beginning with this season (THE DAILY, 9/15).
    

    Print | Tags: Boston Celtics, Media
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