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MALONE'S TOUGH STANCE HOLDING UP TURNER-TIME WARNER DEAL?
Published September 6, 1995
The terms of payment for Liberty Media's stock in Turner Broadcasting "appeared to be a major sticking point" in negotiations between Turner and Time Warner, according to today's N.Y. TIMES. Although Ted Turner has scheduled a Turner board meeting for Thursday, the possibility of a "final version" by that date "seemed very difficult" (Geraldine Fabrikant, N.Y. TIMES, 9/6). In L.A., Sallie Hofmeister notes that some on Wall Street "began losing faith" in Time Warner's ability to pull off the deal. One trader: "The feeling on Wall Street now is that maybe there's a deal and maybe there's not" (L.A. TIMES, 9/6). CAN'T TELL THE MOGULS WITHOUT A SCORECARD: VANITY FAIR lists the top 50 "Leaders of the Information Age" -- The "New Establishment 50." The Top 10: 1) News Corp.'s Rupert Murdoch; 2) Microsoft's Bill Gates; 3) Disney's Michael Eisner; 4) Viacom's Sumner Redstone; 5) TCI's John Malone; 6) Time Warner's Gerald Levin; 7) Intel's Andrew Grove; 8) DreamWorks' Steven Spielberg; 9) DreamWorks' David Geffen; 10) AT&T's Robert Allen. Others: 13) TBS' Ted Turner; 15) Disney's Michael Ovitz; 16) Silver King's Barry Diller; 23) Blazers/Starwave Owner Paul Allen; 36) HBO's Michael Fuchs; ABC's Robert Iger (USA TODAY, 9/6).