OTHER NETWORK NEWS: CBS BID "ALMOST A DONE DEAL"
Published July 31, 1995
Westinghouse Electric Corp.'s bid for CBS Inc. "is almost a done deal," according to sources cited Sunday by REUTERS. The remaining hurdle is now to determine "how best to prevent other CBS suitors from crashing their engagement." An announcement is expected some time this week (Sue Ziedler, REUTERS/DAILY VARIETY, 7/31). ALL'S LEGAL IN MURDOCH-LAND: The FCC exempted Fox from current foreign ownership limits and allowed the network to renew its TV station licenses. News Corp. Chair Rupert Murdoch: "Despite the best efforts of our commercial adversaries and political enemies, our good name has been restored" (Deborah Orin, N.Y. POST, 7/29). The FCC decided that Fox served the "public interest." FCC Commissioner Andrew Barrett: "The fact is for some couch potatoes it brought something to the table" (N.Y. DAILY NEWS, 7/29). The FINANCIAL TIMES examines Murdoch's battle over global sports rights. Sports is described as "one of the few genres of programming that television audiences have shown they will pay to watch" (FINANCIAL TIMES, 7/29-30). POST-SUPER BOWL "FRIENDS" PARTY: On July 26, NBC put up for sale -- and within a few hours had virtually sold out -- a special one-hour episode of "Friends" to be aired after the Super Bowl. The spots are believed to have sold for about $600,000 each, with only one of 14 total units available as of last week (AD AGE ONLINE, 7/31).