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Published January 4, 1996
Northrop Grumman Corp. agreed yesterday to pay $3B in cash for Westinghouse's defense electronic business. The sale makes it $4.2B in cash that Westinghouse has raised in the last two weeks to help pay for the purchase of CBS (N.Y. POST, 1/4).....The Sports Network has now added the Sports Market Place, a sports business directory, to its Web site. The Sports Market Place database will be updated regularly and reviewed to reflect current industry changes at least once a month. The site is at http://www.sportsnetwork.com (The Sports Network)....DirecTV has acquired the rights from Prime Deportiva to distribute the CONCACAF Gold Cup soccer tournament to U.S. residents in January. DirecTV will provide satellite distribution to both commercial and residential customers utilizing a closed-circuit feed produced by Inter/Forever Sports (Prime Deportiva)....Bill Rasmussen, a founder of ESPN, has invested in a new Web content developer called Attitude Network (AD AGE ONLINE, 1/4)....Although Warner Cable in WI has sent out a schedule to subscribers saying it intended to carry 15 Bucks games on the Wisconsin Sports Network, Bob Wolfley reports, as of Tuesday, the Bucks did not have a signed contract with Group W, the company which put the deal together with Warner, leaving doubt whether the games will be available (MILWAUKEE JOURNAL SENTINEL, 1/3)....The merger of Disney and Cap Cities/ABC could be approved today by shareholders from both companies at a meeting in New York. Federal approval remains in limbo since most FCC employees are furloughed (WALL STREET JOURNAL, 1/4)....Art Kaminsky has reportedly signed as TV agent for former Bucs coach Sam Wyche (USA TODAY, 1/4).... London-based Dream League will launch the first fantasy sports games on the Internet this month. Dream League is an officially licensed product of soccer's European Football Championships (AD AGE ONLINE, 1/4).