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THE INS AND OUTS OF THE SCRAMBLE FOR CBS
Published April 5, 1995
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).