Upcoming Conferences and Events
PERELMAN TAKEOVER OF CBS SEEN AS HIGHLY UNLIKELY
Published November 8, 1994
Industry analysts yesterday said they were skeptical about the possibility of a merger involving New World Communications Head Ron Perelman and CBS. Duff & Phelps' James Goss said a Perelman takeover of CBS was "unlikely": "I would find it surprising if Perelman would be a buyer because he just structured his involvement in New World by aligning stations with Fox" (N.Y. POST, 11/8). MORE NETWORK SHUFFLE: Upon reports that Cablevision and Time Warner were considering a joint venture, Stanbdard & Poor's Ratings Group placed Time Warner's debt on "CreditWatch." Cablevision serves about 1.3 million subscribers in New York (WALL STREET JOURNAL, 11/8)....In Atlanta, Charles Haddad writes that Ted Turner must become a "mega-media company" and purchase a network: "If Turner Broadcasting is not one of those mega-media companies, it could become a has-been. And Turner wants to play only if he is among the best. Otherwise, he's cashing out" (ATLANTA CONSTITUTION, 11/8)....