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Published September 20, 1994
Microsoft co-founder/Trailblazers owner Paul Allen sold his remaining 548,000 shares of America Online for $72 each, giving him a profit of $28.5M over his original investment. An Allen spokesperson said the sale was on the open market and "unrelated to reports last week that cable giant TCI was interested in acquiring Allen's stake." Allen is looking to build "technological 'syunergy'" among his investments: Microsoft, Ticketmaster, Asymetrix, and Starwave (SEATTLE TIMES, 9/19)....The first installment of Ken Burns' "Baseball" received a 5.1 preliminary Nielsen overnight rating. Part I of his '90 "Civil War" documentary received a 9.0 (N.Y. TIMES, 9/20)....Rupert Murdoch is scheduled to visit the Twin Cities in an effort to convince KSTP-TV to switch from ABC to Fox (Minneapolis STAR TRIBUNE, 9/17).