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DON KING, S.E.T. DRAW IRE OF CABLE SYSTEMS FOR TYSON PRICES
Published June 8, 1995
Sammons Communications, which serves more than 1 million cable subscribers, has joined TCI in refusing to carry Mike Tyson-Peter McNeely because of the pay-per-view price Showtime Entertainment Television is asking -- $45.95 to $54.95 -- and the proposed revenue splits between distributor and operator -- down from the usual 50-50 to 70-30% (See THE DAILY, 6/7). Other cable operators contacted by the WALL STREET JOURNAL "said the price range sounded high but they were still trying to decide on an acceptable price." SET Exec VP McAdory Lipscomb said Showtime "has yet to officially release a rate card detailing revenue splits and that the prices will only be suggested" (Mark Robichaux, WALL STREET JOURNAL, 6/8). Seth Abraham, of rival TVKO: "They're arm-wrestling with cable operators who want the traditional 50-50 split, while they [SET and Don King] want to keep 60-70%. Don King is either very clever, or he's gambling with Mike Tyson's money" (USA TODAY, 6/8).