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NETWORK FEEDING FRENZY
Published March 2, 1995
This morning's N.Y. POST reports that publishing giant Harcourt General Inc. has joined the "growing throng" of possible bidders for CBS. But Wall Street is skeptical. Media analyst Dennis McAlpine: "It's a little out of left field but the name has come out before. They were supposedly playing for NBC so why not CBS" (Jonathan Auerbach, N.Y. POST, 3/2). As for Turner Broadcasting's interest in CBS, both the N.Y. POST's John Durie and ATLANTA CONSTITUTION's Charles Haddad write that NBC is a better fit. Durie writes Ted Turner "will be wrong if he hopes that by talking with CBS' Larry Tisch he may get [GE Chair Jack] Welch worried and force him to back down" on who would control NBC under a merger (N.Y. POST, 3/2). Haddad: "This much is clear. The 'for sale' sign has been taken down at NBC and tacked up at CBS" (ATLANTA CONSTITUTION, 3/2).