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TURNER PUSHES BACK TODAY'S BOARD MEETING
Published September 7, 1995
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).