SBD/16/Sports Media


     Tribune Co. and two black entertainment-industry
businessmen, Quincy Jones and former NFL great Willie Davis, "are
expected today to announce a partnership to acquire" U.S. TV
stations.  Tribune is expected to invest several hundred million
dollars in stations around the country, while being the minority
shareholder in the venture.  The group is expected to take
advantage of federal regulations, "which grant tax advantages to
minority-controlled partnerships that buy stations" (WALL STREET
JOURNAL, 11/16).  The creation of the Jones-Tribune group "is the
latest in a string of repercussions from Fox Television's
unexpected move earlier this year to snatch away eight station
affiliates from rival CBS."  Other partners in the venture are
said to include Geraldo Rivera and "Soul Train" producer Don
Cornelius.  One of the first stations the group is said to be
purchasing is WATL in Atlanta, currently a Fox O&O.  WATL would
likely become an affiliate of Time Warner's planned WB Network
(Lippman & Hall, L.A. TIMES, 11/16).
Return to top

Related Topics:

CBS, NFL, Media, Viacom

Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug