SBD/26/Sports Media

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  • DID TED TURNER REALLY GET TIME WARNER'S BLESSING?

         In this morning's WALL STREET JOURNAL, Anita Sharpe reports
    "people in the Turner camp are throwing cold water" on a report
    yesterday in USA TODAY that said TBS Chair Ted Turner finally had
    won the blessing of 20% TBS-owner Time Warner to bid for NBC.  "In
    truth," all that happened was that NBC -- which "once loathed to
    meet with Mr. Turner before he worked out his differences with
    Time Warner -- has simply decided there's no reason to wait
    forever and has agreed to meet with him."  One person in the Time
    Warner camp said the media conglomerate cannot prevent Turner from
    talking to anyone.  Many Wall Street analysts quoted in the piece
    noted that if Turner restructures TBS before making his move for
    NBC, TBS's stock could rise quickly (WALL STREET JOURNAL, 10/26).
    Last night "NBR's" Paul Kangas reported: "TCI Chairman John Malone
    today said he will support Ted Turner's bid to buy NBC. ... Malone
    said an alliance between NBC and Turner would be a perfect fit,
    but Malone added he doubted that the bid would be successful"
    (PBS, 10/25).  TCI and Time Warner each hold 24% stakes in TBS.
    

    Print | Tags: NBC, Media, TBS/TNT, Time Warner
  • NEW HOME SHOPPING NETWORK TO TELEVISE CBA GAMES IN '95-96

         Merchandise Entertainment Television (MET), a new home
    shopping and entertainment net, has signed an agreement with the
    Continental Basketball Association for national cable coverage of
    39 games in '94-'95.  MET will also cover CBA games in '95 and
    '96.  MET will sell official CBA licensed merchandise during those
    broadcasts and plans to broadcast in Latin America, Europe and the
    Orient in the future (CBA).
    

    Print | Tags: Media
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