TIMES MIRROR & COX TO INVEST IN CABLE SPORTS STATIONS
Published April 25, 1995
Cox Communications and Times Mirror are expected to announce today that they will invest more than $100M to launch two new cable sports networks. One network will be devoted to outdoor sports and the other to motor sports. Both will be advertiser- supported basic cable services. The channels will be run by Roger Werner, former President and CEO of ESPN. In February, Times Mirror merged its cable systems with Cox as part of a complex $2.3B cash-and-stock transaction agreed to last June (WALL STREET JOURNAL, 4/25).