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IT'S PEACOCK HUNTING SEASON FOR TED TURNER
Published December 15, 1994
"While Wall Street and industry observers continued to speculate about Ted Turner's pursuit of NBC, a key player appeared to throw cold water on the prospects of such a deal," according to Charles Haddad in this morning's ATLANTA CONSTITUTION. Time Warner Chair Gerald Levin said "he has seen no proposal for merging NBC with Turner Broadcasting." Time Warner is a 20% stockholder in TBS. Meanwhile, Turner Sports' hiring of Mike Pearl, coordinating producer of CBS' last two Olympic broadcasts, "fueled more speculation that Turner, who has been shut out of the 1996 Games in his hometown, is still pursuing [NBC]. Buying NBC would solve two problems for Turner: Getting a national network and becoming involved in the Games of Atlanta" (ATLANTA CONSTITUTION, 12/15). The board of GE, parent company of NBC, is expected tomorrow to consider Turner's bid to buy a 65% stake in NBC. One unnamed analyst: "There is still a willing seller and a willing buyer, so you have to say a deal is possible. But enormous hurdles need to be crossed first" (John Durie, N.Y. POST, 12/15).