SBD/17/Sports Media

TURNER, NBC BREAK OFF MERGER TALKS

     The planned merger between TBS and NBC "collapsed" over
issues of control over the merged operation during talks Friday.
TBS Chair Ted Turner: "We couldn't agree on corporate governance
-- control."  Sources said NBC parent company GE wanted to
maintain "at least a 51% interest" in the combined network
because GE "sees great potential in the communications business."
GE is not in negotiations with anyone else about a sale of NBC,
but said Sunday "it still wants to find a partner to help it
expand NBC" (Sharpe & Lippman, WALL STREET JOURNAL, 1/16).  NBC
expressed "some hope" talks could resume, but an anonymous TBS
exec  said "the deal is just over" (Bill Carter, N.Y. TIMES,
1/16).
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Related Topics:

NBC, Media, TBS/TNT, Time Warner

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