SBD/7/Sports Media

TURNER PUSHES BACK TODAY'S BOARD MEETING

     Turner Broadcasting postponed a "tentatively scheduled"
board meeting in New York today to discuss the proposed merger
with Time Warner, according to this morning's ATLANTA
CONSTITUTION.  The decision "does not mean talks are dead, but
that they are proceeding at a slower pace than expected" (Unger &
Haddad, ATLANTA CONSTITUTION, 9/7).  TCI Chair John Malone's
negotiating tactics are credited with the slow pace of talks
(David Lieberman, USA TODAY, 9/7).  The N.Y. TIMES reports that
Michael Milken has joined the talks, as an adviser to Ted Turner
(Peter Truell, N.Y. TIMES, 9/7).  Dennis McAlpine, an analyst
with Josepthal, Lyon & Ross, "said he expects that if Time Warner
gets an agreement with Turner," GE Corp. (owner of NBC) "will top
Time Warner's bid and ultimately win Turner" (CHICAGO TRIBUNE,
9/7).
     DOES CHIEF KNOCK-A-HOMA GET A SEAT ON THE BOARD?  USA
TODAY'S BASEBALL WEEKLY examines what would happen to the Braves
under Time Warner ownership.  Analysts expect few changes in the
day-to-day operation of the club, but Seidler Companies Managing
Dir Jeffrey Logsdon says to watch for cross-promotions with other
Time Warner properties.  Phelps Hoyt of Duff & Phelps:  "Some of
these companies like to have a trophy property and the Braves
might be it for Time Warner" (Ray Giler, BASEBALL WEEKLY, 9/5-12
issue).
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Related Topics:

Atlanta Braves, NBC, Media, Time Warner

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