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TIME WARNER'S DESIRE TO EXPAND HAS SOME WORRIED
Published January 18, 1995
Time Warner's negotiations to acquire cable systems "are causing concern on Wall Street, where investors fear the moves will hurt the company's credit ratings and damp its stock price," according to this morning's WALL STREET JOURNAL. Time Warner has been in discussions with Cablevision and Houston Industries about their cable operations, although Time Warner "wouldn't comment on the progress of the talks." Timothy Pettee, analyst at Alliance Capital Management Corp: "The $64,000 question is how do they increase their cable footprint, while lowering the cable perception that the stock suffers on Wall Street?" (Eben Shapiro, WALL STREET JOURNAL, 1/18).