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FIGURE SKATING -- THE READY-FOR-PRIME-TIME PLAYER
"Hot on the toe loops" of CBS' "Ice Wars" competition is NBC's "Gold Championship," a two-hour, live individual event this Saturday night from Edmonton. The event offers $1M in prize money. NBC has "not cranked up the publicity machine" but the prime-time slot, prize money and top competitors indicate that figure skating is "sought-after entertainment that can survive and thrive." Nancy Kerrigan is the only "Ice Wars" competitor who will not appear on the NBC show in some capacity. Paul Wylie and Kurt Browning will serve as analysts, and CBS analyst Scott Hamilton will trade the booth for blades. In New York, Richard Sandomir notes that NBC's re-run of last December's DuraSoft Colors World Professional Championships on Saturday received a 4.2 and CBS' Oksana Baiul TV movie got a 4.8. CBS will "keep the Zamboni rolling" with six events starting on Thanksgiving (N.Y. TIMES, 11/15).
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FOX SAYS IT EXPECTS NBC/HBO TO HOLD WIMBLEDON RIGHTS
"It may be posturing," but Fox has said that HBO and NBC will retain Wimbledon rights. The rights will probably be awarded Friday, and Fox TV Chair says "it's difficult" to bid against the incumbent network because the bid has to exceed by 20% to win (Richard Sandomir, N.Y. TIMES, 11/15).
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MEDIA NOTES
Liberty Sports, parent company of Home Sports Entertainment (HSE), will hold a news conference to announce several changes within its regional sports networks today in New York. The changes will affect HSE's identity and programming (HSE)....NCAA basketball begins on Canada's The Sports Network in December with five men's games (TSN).... ACOG President and CEO Billy Payne says the committee is at 83% of its $910M goal for worldwide TV rights: "We're confident we'll reach it" (Rudy Martzke, USA TODAY, 11/15). ....BSkyB will price an Initial Public Offering (IPO) at around $3.73 per share. The IPO will cut News Corp.'s stake in the satellite-TV network from 50% to 40% (WALL STREET JOURNAL, 11/15)....Time Warner and US West have purchased stakes in Japan's Chofu Cable TV unit. Time Warner purchased 15.4%, Time Warner Entertainment Japan 9.9% and US West 17.9% (WALL STREET JOURNAL, 11/15)....Fox received its highest game rating of the season with a 19.0 for the 49ers-Cowboys, significant because neither Los Angeles nor New York aired the game (N.Y. TIMES, 11/15)....Baltimore CFL fans might not be able to watch their team in the Eastern division final this weekend. Exclusive U.S. CFL-carrier ESPN2 will air the Western championship to "try to build an audience" for the November 27 Grey Cup and showcase "proven CFL ratings grabber" Doug Flutie. Local telecast rights are not likely to be bought because stations would have to pass up more "lucrative" NFL games (Baltimore SUN, 11/15).
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TCI CONSIDERS SEPARATING A DIVISION TO IMPROVE STOCK VALUE
Cable giant TCI "is considering taking one of its operating divisions public when its board meets Wednesday," according to this morning's USA TODAY. TCI is reported to be considering a spinoff of one of its three divisions that does not include TCI's domestic cable franchises. The possibilities include domestic programming, such as TCI stakes in Turner Broadcasting, Home Shopping Network, and The Sega Channel. International operations and technology ventures are also possible spinoffs. TCI hopes such a move would "force Wall Street investors to acknowledge the company's stock is undervalued." TCI stock closed yesterday at 23 1/8, up 3/8 (David Lieberman, USA TODAY, 11/15).
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VIACOM EARNINGS SHOW COMPANY ACQUISITIONS ARE "ON TRACK"
Viacom Inc.'s earnings reflect a "seven-fold rise" in earnings per share for the third quarter. The results include contributions for the first time from recently acquired Paramount Communications, but do not yet include earnings from the merger with Blockbuster Entertainment or the sale of Madison Square Garden. Viacom President Frank Biondi said Blockbuster earnings seem "tremendously promising." Blockbuster sales were up 42% by September. Viacom's net earnings increased to $327.3M from $30.9M, while sales were up $2.1B. Cable profits fell 33% from last year (Tony Jackson, FINANCIAL TIMES, 11/15). "The results were driven by the strong performance" of MTV and Paramount movie hits. However, analysts are getting "impatient" for Viacom to complete the sale of its cable TV systems to InterMedia Partners and Madison Square Garden to the ITT/ Cablevision partnership. Viacom shares closed at $39.75, up $.87 1/2 (Eben Shapiro, WALL STREET JOURNAL, 11/15). VIACOM TECHNOLOGY: Simon & Schuster, Viacom's publishing division, plans to announce an all-electronic publishing imprint named Macmillan Digital USA. The new imprint will produce and distribute reference, travel and computer books in electronic format, including CD-ROMs, materials for on-line services and the Internet. Topics will include sports ( WALL STREET JOURNAL, 11/15).




