SBD/29/Sports Media

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         With the news that CBS was "soundly beaten" as it came in
    third in the net ratings reports its stock finished down 8 1/4
    points ("Business Insiders," CNBC, 9/28)....NBC Sports announced
    that it reached a multiyear agreement to continue televising the
    Bayou Classic football game, between Grambling State and Southern
    University (THE DAILY)....PRIME announced a College Hockey Game
    of the Week schedule that includes 25 games from four
    conferences:  CCHA, Hockey East and the ECAC.  The package
    includes post-season tournaments (THE DAILY)....ESPN announces
    today an "interactive sports entertainment center," possibly
    called ESPN World, at Disney World in FL.  Patrons can watch
    about 50 TV screens -- or see ESPN create programming on-site
    (USA TODAY, 9/29)....CBS Sports announced the addition of two
    nights of prime-time figure skating, featuring Nancy Kerrigan and
    Oksana Baiul.  The event will be shown on Nov. 9 or 10 as well as
    Nov. 12 from the Nassau Coliseum.  The November dates could
    "provide maximum impact during the network sweeps period in
    November" (Richard Sandomir, N.Y. TIMES, 9/29).

    Print | Tags: CBS, ESPN, NBC, Media, Viacom, Walt Disney

         A study shows that CBC-TV made money broadcasting pro
    sports, according to CBC VP of Finance Steve Cotsman.  The CBC
    prepared the study "after controversy broke out over CBC spending
    on sports."  In July, rival network CTV released a report
    claiming CBC was losing millions of dollars each year on sports
    programming.  CTV claimed sports represented 10% of CBC
    programming hours, but 27% of direct programming expenditures.
    But Cotsman told a House of Commons committee that the CBC spent
    C$105M -- or 12.1% of its C$872M budget   -- on sports in '93-94.
    The public network receives C$950M from the Canadian treasury

    Print | Tags: CBC, Media

         Blockbuster Entertainment shareholders meet in Ft.
    Lauderdale today to vote on the company's proposed merger with
    Viacom.  Analysts expect the deal to be approved with 22% of
    Blockbuster stock committed to the deal.  Management needs to win
    about a third of the uncommitted shares to win the vote.  Craig
    Bibb, Paine Webber media analyst: "95% of all deals recommended
    by the board happen" (Don Finefrock, MIAMI HERALD, 9/29).  Viacom
    and Blockbuster stocks were "among the most active" stocks
    yesterday.  Blockbuster stock closed +3/4 to 28 1/8 while Viacom
    B stock was +1 3/4 to 38 3/4 ("Business Insiders," CNBC, 9/28).

    Print | Tags: Media, Viacom
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