ACC Network Faces Roadblock In Rights Issue Preakness Stakes Ratings Up 9% For NBC Spurs-Grizzlies Game 1 Draws 3.9 Overnight Rangers' Tortorella Curses During In-Game Interview U.S. Open The Latest Property To Go To Cable ESPN Hosted Brainstorming Event TNT Draws High Marks For Pacers-Knicks Ratings Notes Media Notes ESPN, USTA Finalize 11-Year Deal For U.S. Open
Upcoming Conferences and Events
TIME WARNER CLOSE TO ACQUIRING CABLEVISION INDUSTRIES
Published January 6, 1995
Time Warner is close to an agreement with Cablevision Industries, which controls cable systems of about 1.3M subscribers. The company could fetch between $2.5 and $3B. Sources close to the deal said there are still hurdles to overcome, including how Time Warner would finance the deal. If Time Warner completes the deal, it would service over 10M cable subscribers, making it a close second to TCI, Inc., the largest U.S. cable operator (WALL STREET JOURNAL, 1/6).