MASN Taking Aim At MLB Advance To Nats Jeter Played No Role In Woods' Tribune Piece Twitter Impact On Sports Reporting Keeps Growing NBC Sports Sees Big F1 Gains Media Notes ESPN Draws Lowest "MNF" Rating Of '14 Finebaum Hosting Call-In Show During Iron Bowl FS North's Ratings Decline For Twins Games Continues App Review: Cavaliers For iPhone Cowboys-Giants Rating Lower On NBC
TURNER STILL SHOPPING FOR A NETWORK
Published September 21, 1994
Speaking to a Museum of Television and Radio breakfast yesterday, Ted Turner "reiterated his desire" to purchase a Big Three network. In addition, Turner confirmed that he would be meeting with Time Warner later this week to try to work out a deal in which Time Warner would no longer hold its stake in Turner Broadcasting, estimated at 20% (DAILY VARIETY, 9/21). Financial and regulatory issues make buying a network difficult for both companies if Time Warner retains its sizeable stake in Turner Broadcasting (Charles Haddad, ATLANTA CONSTITUTION, 9/21). TBS TO REDEEM DEBT: Turner Broadcasting announced yesterday that it will redeem $540M of its most costly long-term debt. Prudential Securities media analyst Sharon Williams viewed the redemption as a "routine financial move": "It's part of a general effort to keep the cost of borrowing down" (ATLANTA CONSTITUTION, 9/21). THE NETWORK SHUFFLE: GE has retained investment banker Allen & Co. to explore selling all or part of its NBC unit, and is in discussions with Time Warner and Disney, among others (WALL STREET JOURNAL, 9/21)....In L.A., Alan Citron and John Lippman report that CBS Chair Laurence Tisch has made "overtures" to former Disney exec Jeffrey Katzenberg about running the network on a day-to-day basis as well as expand its entertainment holdings (L.A. TIMES, 9/20).