Carriage Standoff Hurts TWC's Revenue Projections MASN, Nationals File Preservation Rights Petitions SEC Schools Prepare For Network Launch WWE To Cut 7% Of Workforce People & Personalities Final Ratings: Brickyard 400, UFC On Fox Charter Nearing Deal With SEC Net Ombudsman Addresses Smith Comments "College GameDay" To Start In Ft. Worth Stephen A. Smith Suspended One Week
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Published October 6, 1994
FROM THE LATEST ISSUE OF ELECTRONIC MEDIA: Viacom is expected to announce the "sale of its 1.1 million-subscriber cable systems to a minority affiliate of TCI, InterMedia Association for what could be more than $2B in cash." The deal includes the development of a new pay movie service by combining TCI's Encore with Viacom's Showtime and Movie Channel. Also, Fox "plans to launch a second cable network, "fXM: Movies From Fox," as part of an effort to expand the company's presence in cable TV. The 24-hour commercial free network will use only Twentieth Century Fox films, and launch October 31....Home Team Sports of Bethesda, MD, raised more than $135,000 during it's second annual Sports-a-Thon, a three hour live telethon and sports memorabilia auction to benefit the Leukemia Society....ESPN is commemorating its 15th anniversary with a special glass-topped stainless steel time capsule doubling as a coffee table in the company's lobby (ELECTRONIC MEDIA, 10/3). FROM THE LATEST ISSUE OF MULTICHANNEL NEWS: Pay-per-view event distributors and cable operators are searching for a mega- heavyweight PPV boxing event after the recent loss by Lennox Lewis killed a potential multimillion dollar spring '95 bout. Mark Taffet, Senior VP of TVKO, who would have distributed the fight: "For the time being the big loser is the PPV industry....The momentum towards a national horse racing channel has slowed, but "a few individual tracks are taking modest-steps toward in-home wagering" in ways that could create new revenue for cable operators. In New York, Cablevision Systems Corp. is looking at starting a 90-day trial of "presenting live video feeds of racing cards in its systems homes in Long Island and parts of New York city this winter" (MULTICHANNEL NEWS, 10/3 issue). ALSO: Prime Network announced yesterday that it will provide closed captioning on all remaining live telecasts in its 1994 college football package (THE DAILY).