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SPECIFICS BEGIN TO LEAK ON TURNER-TIME WARNER DEAL
Published September 19, 1995
Among the expected terms of the merger of Turner Broadcasting with Time Warner, according to USA TODAY's David Lieberman: Ted Turner would stay in Atlanta and run TBS' cable channels; HBO would be folded into TBS; John Malone's TCI would get TBS' 44% stake in SportSouth, a RSN that serves 4.1 million homes; HBO head Michael Fuchs would take over Time Warner Music (USA TODAY, 9/19). Most reports note that negotiations should be done by the end of the week, although the WALL STREET JOURNAL is reporting that a threatened lawsuit by US West, which has a stake in Time Warner Entertainment (cable, Warner Bros., HBO) could block the deal (Shapiro & Cauley, WALL STREET JOURNAL, 9/19). TEAM PLAYERS? An editorial in today's ATLANTA CONSTITUTION praises Turner Broadcasting for all it has done to lift the profile of the city and notes that the merger "poses a danger" for Turner's teams -- the Braves and the Hawks. The CONSTITUTION asks: "In the future, would the Turner sports franchises get similar attention from top management? In theory, the two teams will continue to operate as they do now, but it's hard to imagine that Time Warner's bean counters would care whether the Hawks stay in Atlanta or move to the suburbs -- or to another city, for that matter" (ATLANTA CONSTITUTION, 9/19).