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SPECULATION CONTINUES TO FLY AROUND TIME WARNER
Published September 20, 1994
Turner Broadcasting and Time Warner are discussing swapping Time Warner's stake in Turner for joint ownership of either TBS, TNT, or the Cartoon Network. Talks have "heated up" in recent weeks, in light of their "growing desire to break free from an increasingly contentious marriage" (Anita Sharpe, WALL STREET JOURNAL, 9/20). GE DENIES INTEREST: GE yesterday denied that it was involved in talks with Time Warner about a possible purchase of the media giant. Despite GE's denial, Time Warner stock closed $1.38 higher on the NYSE, while GE was down $.75. NatWest Securities analyst Nicholas Heymann: "There's a better chance we'll have a World Series this year than GE will buy Time Warner" (REUTERS/WASHINGTON TIMES, 9/20).