Rivalries Highlight CBS' Thursday NFL Package Selig Defends Ricketts Family Seahawks Only Get One Home Night Game A's, County Continue Ballpark Spat Browns Remove Kosar As Preseason Analyst Norman, Buck Tapped As Fox' Golf Team Did ESPN Misuse Camera In Pineda Affair? WTA Tour Works With Social Media Startup Vixlet Wrigley Field Celebrates 100 Years MacLean Sorry For French Ref Comments
Upcoming Conferences and Events
HROUGH THE TURNER-TIME WARNER DEAL
Published September 27, 1995
Noting that Time Warner has agreed to pay TCI $360M in stock and cash to acquire Southern Satellite Inc., the TCI-owned company that distributes Turner's WTBS Superstation to cable operators, the WALL STREET JOURNAL's Eben Shapiro concludes that the Turner- Time Warner deal is "even sweeter" for TCI than first thought. Acquiring Southern Satellite is a first step toward Time Warner's goal of converting WTBS from a superstation to basic cable. Presently, WTBS's revenue comes in the form of ad sales and a distribution fee collected by Southern Satellite. The switch to basic cable could generate $100M annually for Time Warner and create an asset valued at more than $1B. Company officials said it was "premature" to discuss the type of programs the new WTBS would carry. The station would have to negotiate a new contract with MLB in order to continue carrying the Braves (WALL STREET JOURNAL, 9/27). The ATLANTA CONSTITUTION notes that Turner and Time Warner officials are "kicking around" the idea of airing the WB Network on WTBS (Charles Haddad, ATLANTA CONSTITUTION, 9/27). But ELECTRONIC MEDIA goes a step further, reporting WTBS will become WB's first owned-&-operated station (Diane Mermigas, ELECTRONIC MEDIA, 9/27).