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NBC CEO WRIGHT SAYS PRICE FOR AFC PACKAGE HAS ITS LIMIT
Published December 11, 1997
NBC CEO Bob Wright said yesterday at the PaineWebber Media Conference in New York that NBC will post profits this year of $1.1-1.2B, up from $953M last year, according to Collier & Battaglio of the HOLLYWOOD REPORTER. But Wright said that there is a limit on how much the network will pay to retain rights to the NFL's AFC package: "Everything has a price." Later during the conference, CBS CFO Fred Reynolds discussed the NFL TV talks: "While we're interested, I don't see the incumbents giving that up" (HOLLY. REPORTER, 12/11). TURNER IN CA: At the Western Cable Show in CA, TCI President Leo Hindery said the "sun has set" on the growth of the DBS industry "and that there will be no more big entertainment deals such as the Disney/ABC and Time Warner/Turner mergers," according to Scott Hettrick of the HOLLYWOOD REPORTER. But Time Warner Vice Chair Ted Turner said, "There will be more big deals." Turner, noting the restructuring at TCI this year: "It may turn out at some point in the future that these big companies like Time Warner and Disney are too big and unwieldy" (HOLLYWOOD REPORTER, 12/11). Turner and his wife, Jane Fonda, were interviewed on "PrimeTime Live" by ABC's Sam Donaldson. Turner, on Rupert Murdoch: "He doesn't have much in the way of principles. ... You can have a lot of stuff and not have principles." Turner, after Donaldson noted that Murdoch owns the Dodgers: "He doesn't have them yet. I mean, it's got to be voted on by the owners" (ABC, 12/10).