SBD/5/Sports Media


     Officials dealing with the proposed merger of Turner
Broadcasting and Time Warner still face issues of "how to
shuffle" top Time Warner execs in the new company and the payout
to TCI Chair John Malone, who holds a 21% stake in TBS.  Malone
is said to be seeking "a very favorable long-term deal" to carry
CNN and other Turner cable holdings on his TCI systems.  As to
the executive moves, HBO Chair Michael Fuchs is "displeased" with
a plan to fold HBO into Turner with Fuchs serving as COO and No.
2 to Ted Turner (Geraldine Fabrikant, N.Y. TIMES, 9/5).
     OTHER BIDDERS:  USA TODAY's David Lieberman reports that GE
is said to be "exploring schemes to combine NBC with TBS" (USA
TODAY, 9/5).  In addition to GE, BUSINESS WEEK reports News Corp.
and Disney could make runs at TBS. One Disney source "says
executives in Mouseland are crunching the numbers" (David
Greising, BUSINESS WEEK, 9/11 issue).
     STRANGE BEDFELLOWS DEPT.:  If Turner and Time Warner merge,
Ted Turner and former MLB Commissioner Fay Vincent would be
fellow Time Warner board members.  In '92 when Vincent's job was
at stake, Turner had assured Vincent he would support him.  But
when the Braves voted, the team -- in the person of Braves
President Stan Kasten -- voted to oust Vincent.  Kasten, on that
vote:  "That's not something I care to discuss" (Tacoma NEWS
TRIBUNE, 9/4).
Return to top
Video Powered By - Castfire CMS Powered By - Sitecore

Report a Bug