Published September 12, 1995
Still no deal in the negotiations over the proposed Turner Broadcasting-Time Warner merger. The N.Y. POST reports a "stand- off" with TCI Chair John Malone that could kill the deal (Greg Clarkin, N.Y. POST, 9/12). The WALL STREET JOURNAL reports that the sides are "getting closer" (Shapiro & Sharpe, WALL STREET JOURNAL, 9/12). And the N.Y. TIMES reports that Ted Turner wants a deal done by Friday (N.Y. TIMES, 9/12). Should the deal disintegrate, ELECTRONIC MEDIA reports that TCI could step in and acquire TBS with either News Corp. or GE (ELECTRONIC MEDIA, 9/11). ....America Online will introduce Digital City Washington later this month, the service's first regionally-targeted offering (WASHINGTON POST, 9/12)....VARIETY reports on the strength of the cable industry on Wall Street, with several smaller networks emerging as possible takeover targets: Gaylord Entertainment, the Family Channel and BET (VARIETY, 9/17 issue)....GOLFWEEK's Dave Shedloski reports The Golf Channel has made adjustments to its rate schedule "to give cable operators greater marketing freedom." TGC COO Gary Stevenson: "They now have the flexibility to offer us on a basic, tier or a la carte basis. Before it was a la carte or premium, and operators are finding it's not a tier/ premium environment" (GOLFWEEK, 9/9).... The November 14 Pro Basketball issue from ESPN magazines closes on September 22. Full-color, full-page ads go for $17,500, with b&w for $12,800 (INSIDE MEDIA, 9/19 issue).