SBD/21/Sports Media

Print All
  • BROADCAST NEWS: COULD NEWS CORP CUT INTEREST IN FOX?

         In a move that could "saddle" News Corp. Chair Rupert
    Murdoch with a huge tax liability and "stifle foreign investment
    in U.S. broadcasting," FCC staff members have recommended that
    regulators consider a restructuring of Fox's ownership to comply
    with federal foreign-ownership laws, according to FCC sources
    cited by the L.A. TIMES.  By reducing News Corp.'s ownership of
    Fox from 99% to 25%, Murdoch would be allowed to keep his Fox-
    owned TV stations.  But the reconfiguration would also have
    "significant tax consequences," according to a lawyer
    knowledgeable about Murdoch's finances.  One Fox official, after
    being told about the possible FCC recommendation:  "This is pure
    speculation ... but if it were true, it's outrageous.  We would
    be surprised if the commission would follow such a
    recommendation, but if they did, we would fight it at every
    level."  The FCC is aiming to resolve the matter today.  "But
    several commissioner indicated they wanted more time to review
    the matter" (Jube Shiver, L.A. TIMES, 4/21).
         TURNER:  Ted Turner has strengthened his control over TBS.
    In two separate transactions last month, Turner increased his
    voting control to about 66.7% from 65.2%.  Turner did so by
    acquiring over 2.2 million supervoting class A shares, including
    458,865 shares from Braves Chair William Bartholomay (ATLANTA
    CONSTITUTION, 4/21).
         ABC:  Cap Cities/ABC said 1stQ net income rose 36% from a
    year ago, as "strong advertiser demand boosted the results" of
    the ABC network and the Cap Cities stations.  The company
    attributed improved revenue to the telecast of Super Bowl XXIX
    (WALL STREET JOURNAL, 4/21).
    

    Print | Tags: ABC, Atlanta Braves, News Corp./Fox, Media, TBS/TNT, Time Warner, Walt Disney
  • MEDIA NOTES

         The Arena Football League begins its ninth season when
    training camps open tomorrow.  While the league already has a TV
    deal with ESPN, the AFL is talking to CBS about televising Arena
    Bowl IX (SAN JOSE MERCURY NEWS, 4/21).... For the regular season,
    the UConn women's basketball team generated an 8.2 and a 21 share
    during their telecasts on CPTV, the state's public TV station.
    Because of those numbers, all four network affiliates in Hartford
    are interested in purchasing the rights to UConn women's hoops. A
    deal is expected by the end of June (BOSTON GLOBE, 4/21). ....MSG
    Network will give hockey fans two versions of the Caps-Rangers
    game Monday.  The live coverage will give be "normal," but an
    11:30pm replay will feature low-angle cameras giving viewers a
    chance to watch the entire game from ice level (WASHINGTON POST,
    4/21)....The CISL Washington Warthogs will have their games
    broadcast on Radio Zone, a three-station radio network geared to
    families and children.  The Warthogs will buy time on Radio Zone
    and sell ads themselves (WASHINGTON BUSINESS JOURNAL, 4/27).
    

    Print | Tags: AFL, Cablevision, CBS, ESPN, Madison Square Garden, Media, Viacom, Walt Disney
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug