SBD/19/Sports Media

Print All
  • MEDIA NOTES

         NEWSDAY's Mary Voboril reports the O.J. trial has not
    boosted profits for Court TV.  Court TV Chair Steve Brill:
    "People say to us, 'This must be like what the gulf war was to
    CNN.' ... If anything, Simpson could have put us a little behind,
    because production costs are higher.  We have to have more live
    remotes" (PHILADELPHIA INQUIRER, 1/19).
    

    Print | Tags: Media, Time Warner
  • VIACOM, TCI EXPERIENCE DELAYS WITH MAJOR DEALS

         The planned $2B deal by Viacom to sell cable operations that
    serve 1.1M homes to Intermedia Partners could be halted because
    of a House probe into tax exemptions granted to minority
    controlled media companies.  Intermedia Partners, a company
    connected to TCI, is in a partnership with African-American media
    executive Frank Washington.  Under the current exemption, Viacom
    would be able to defer as much as $280M in capital-gains taxes on
    the sale (N.Y. POST, 1/19).
         TCI/QVC DEAL HITS FTC SNAG:  TCI's agreement to buy QVC in
    partnership with Comcast Corp. is "running into significant
    antitrust problems with U.S. regulators."  FTC attorneys have
    told TCI that they will seek not only to block the acquisition,
    but also to "try to force TCI to shed the 23% stake in QVC it
    already holds."  The warning "suggests that the QVC deal faces
    serious obstacles."  TCI and Comcast had agreed to acquire around
    65% of QVC, but the FTC' concern is that the deal would result in
    TCI "having too much control over the cable-TV home shopping
    business (Novak & Robichaux, WALL STREET JOURNAL, 1/19).
    

    Print | Tags: Comcast-Spectacor, Media, Viacom
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug