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SHUFFLING THE EXEC LINEUP ON TURNER-TIME WARNER TEAM
Published September 5, 1995
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).