SBD/11/Sports Media

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  • CBS EXPECTED TO RENEW U.S. OPEN DEAL

         This week, CBS is expected to renew its U.S. Open tennis
    contract at a figure less than the $35M a year sought by the USTA
    (Rudy Martzke, USA TODAY, 9/11).  One CBS exec calls the USTA's
    asking price "outrageous and offensive."  Phil Mushnick notes,
    "CBS might be vulnerable, but it ain't stupid" (N.Y. POST, 9/11).
    

    Print | Tags: CBS, Media, USTA, Viacom
  • TRYING TO BREAK THE TIME WARNER-TURNER LOGJAM

         Time Warner Chair Gerald Levin flew to Denver over the
    weekend to meet with TCI Chair Jonh Malone in an attempt to break
    the "logjam" in the merger talks between Time Warner and Turner
    Broadcasting, of which Malone holds a 21% stake, according to
    today's ATLANTA CONSTITUTION.  There was no indication that the
    meeting "helped" (Unger & Haddad, ATLANTA CONSTITUTION, 9/11).
    The N.Y. TIMES notes that Levin's failure to close the deal
    yesterday "seemed to raise the specter that the effort could
    collapse" (Geraldine Fabrikant, N.Y. TIMES, 9/11).  The N.Y. POST
    also notes fears that "the longer the negotiations carry on, the
    less chance a deal will be done" (Greg Clarkin, N.Y. POST, 9/11).
    

    Print | Tags: Media, Time Warner
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