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DID HTS OVEREXTEND WITH RECENT RIGHTS PURCHASES?

          After HTS extended TV rights deals for the Orioles,
     Bullets and Capitals last October at over a 150% markup by
     "fending off a bid" from Fox/TCI, Milton Kent of the
     Baltimore SUN questions whether the mid-Atlantic RSN
     "burn[ed] the village in order to save the house?"  This
     comes after reports that O's analyst Jim Palmer is
     auditioning for a Yankees job after being asked to take a
     pay cut.  Palmer: "I'm sensitive to what HTS is going
     through.  This is about having their head above water. 
     Nobody's throwing them a life raft yet."  Kent notes sources
     familiar with HTS' production claim the company has applied
     some "cost-cutting measures," including "laying off some
     support personnel, limiting the use of free-lance directors,
     using graphics for live game telecasts from the Bethesda
     headquarters instead of on-site and reducing the amount of
     overtime."  HTS' Ted Ewanciw said the company "has not
     reduced the number of cameras and is offering competitive
     salaries."  Kent: "One must wonder if Fox/TCI officials
     aren't circling above the fray, waiting for the first sign
     that they can pounce and collect the remains of a competitor
     left crippled by the battle" (Baltimore SUN, 1/24).
          

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