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Published December 12, 1994
Time Warner begins its interactive experiment in Orlando on Wednesday. The Orlando system "is undoubtedly the most futuristic network introduced so far" (Edmond Andrews, N.Y. TIMES, 12/12). Analyst Martyn Roetter of Decision Resources estimates that interactive TV could be a $300B business. "But, he says, less than 10% of that will materialize in the next five to seven years" (BUSINESS WEEK, 12/19 issue)....With NBC challenging Fox in a FCC petition alleging foreign-ownership, Republican Rep. Michael Oxley, a member of the House telecommunications committee, plans to file a bill to overturn the limits on foreigners owning U.S. broadcast networks (W.S. JOURNAL, 12/12). In Boston, Frederic Biddle writes that the fight "might make the broadcast networks ripe for foreign ownership -- a replay of what happened to Hollywood's movie studios. Or it might stop upstart Fox in its tracks" (BOSTON GLOBE, 12/11).... Cablevision Chair Charles Dolan is profiled in the L.A. TIMES. One cable exec: "He's like Darth Vader dressed up in a Howdy Doody outfit" (L.A. TIMES, 12/11)....Asked how much has the baseball and hockey situations affected major ad agencies, Bruce Mason, CEO & Chair of Foote, Cone & Belding, replied: "The networks by and large have scrambled to replace the audience loss with different programming -- so, very little" ("Bloomberg Business News," 12/12).