SBD/5/Sports Media

THE INS AND OUTS OF THE SCRAMBLE FOR CBS

     While today's N.Y. POST reports that TCI has not ruled out a
bid to buy Time Warner's stake in TBS, which would allow TCI and
Turner to pursue a network, USA TODAY reports that TBS Chair Ted
Turner says there is "nothing going on" between TBS and CBS.  TCI
Chair John Malone told the N.Y. POST that any future talks
between TCI and Time Warner are linked to "any success Turner has
in buying a television network."  But Malone described the Time
Warner talks as "quiescent," adding: "We are at a quiet stage in
which it is probably better if nothing is said."  Malone's
comments, according to the N.Y. POST's John Durie, "suggest
Turner may have abandoned a bid for either" CBS or NBC at this
point.  (N.Y. POST, 4/5).  Malone did hint that he could see
investing in a network with former QVC Chair Barry Diller (David
Lieberman, USA TODAY, 4/5).  Both TCI's Malone and Microsoft's
Bill Gates are interviewed in the current issue of BUSINESS WEEK.
The Malone interview focuses on the Baby Bells' efforts to get
into the video-on-demand business, while the Gates interview
centers on the investigation into Microsoft's "aggressive
tactics" (BUSINESS WEEK, 4/10).
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Related Topics:

CBS, Microsoft, NBC, Media, TBS/TNT, Time Warner, Viacom

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