SBD/4/Sports Media

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         Cablevision Industries Inc., is in separate talks with three
    suitors, including Time Warner, interested in acquiring all or
    part of the "closely held" cable TV company.  Based on the
    current valuation of cable properties, an acquisition of all of
    Cablevision Industries would be valued at $2.5-3B.  Some familiar
    with the situation said Time Warner, which has debt totalling
    $15B, would pay with securities for any transaction.  Cablevision
    CEO Alan Gerry said that Time Warner is one of 3 companies they
    are talking with seriously.  An acquisition of Cablevision by
    Time Warner would continue Time-Warner's "aggressive expansion"
    into cable.  Adding Cablevision's 1.3M subscribers could boost
    Time Warner's total subscribers to about 10M, making it a closer
    second to TCI, the largest cable operator with 10.3M subscribers
    (Robichaux & Roberts, WALL STREET JOURNAL, 11/4).

    Print | Tags: Cablevision, Media, Time Warner

         Tulsa-based Vyvx will transmit a high-definition TV signal
    over its fiber optics network to present tonight's Lakers-Pistons
    game at United Artists theaters in Farmington Hills, MI, and
    Woodland Hills, CA.  The project was designed to demonstrate
    Pacific Bell's "Cinema of the Future," a program where movies and
    other events are transmitted via fiber optics cable using digital
    HDTV signals that show a picture "as sharp as a typical movie
    picture."  Vyvx was chosen to participate in the demo because of
    its history sending major sporting events and news signals
    digitally to networks.  Vyvx has carried the Super Bowl for the
    past five years and has also carried the signal of "nearly every
    other major sporting event" in the U.S.  To send the game to
    theaters, special HD-TV cameras will be placed in the game arena
    (Mitch Maurer, TULSA WORLD, 11/4).  United Artists is working
    with Pacific Bell in the development of "Cinema of the Future"

    Print | Tags: Detroit Pistons, Los Angeles Lakers, Palace Sports & Entertainment, Media

         The tribute to Michael Jordan on TNT had a 3.3 Nielsen cable
    rating, about double what TNT gets for a regular-season NBA game
    (CHICAGO TRIBUNE, 11/4)....The Miami-Temple game on 11/19 can
    only be viewed live via the Sunshine Network's PPV program
    (Sunshine)....Prostar Entertainment Network, the nation's first
    advertising and subscription-based closed-circuit network geared
    to the out-of-home market, reached an agreement with Cedric
    Kushner Productions, Ltd. to televise Kushner's two monthly
    boxing series live to more than 800 commercial establishments and
    sports bars nationwide (Prostar)....CBS Sports said it will not
    bid for Wimbledon (Rudy Martzke, USA TODAY, 11/4).

    Print | Tags: CBS, NBA, Nielsen, Media, TBS/TNT, Viacom

         Turner Broadcasting System Inc. "sharply lowered" its losses
    during the 3rd quarter.  While TBS continued to show a net loss,
    the company's operating profit rose to $88M, up 46% from the same
    period a year ago.  The company attributed its "overall improved
    finances to three factors":  1)  The costs of The Goodwill Games
    were behind them; 2)  TBS took a $306M charge for accounting
    reasons last year; 3)  Higher ad rates and subscriber fees.  Most
    of TBS' segments improved during the quarter.  TBS's news
    operating profits were 20%; the Cartoon Network "registered the
    best performance in terms of growth in ad revenue and
    subscribers."   Overall, TBS' entertainment group saw its
    operating profit jump 78%.  Most of the improvement was
    attributed to a "decline in the company's cost" of airing NFL
    games on TNT.  One weak spot was the Braves.  TBS "suffered" a
    $15M operating loss because of the baseball strike (Charles
    Haddad, ATLANTA CONSTITUTION, 11/4).  Last night on "NBR," the
    quarterly report was characterized differently:  TBS "took a
    hit," reporting a $5M loss which the company attributed to the
    baseball strike.  TBS stock gained 5/8 (PBS, 11/3).

    Print | Tags: Atlanta Braves, NFL, Media, TBS/TNT, Time Warner
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