OVITZ AMONG BIDDERS FOR CBS?
Hollyowood super-agent Michael Ovitz has reportedly "joined
the growing throng of 'rumored' bidders" for CBS, according to
DAILY VARIETY. Ovitz's Creative Artists Agency would join three
Baby Bells in bidding for the network. This comes amid reports
that CBS Broadcast Group President Howard Stringer may leave the
network to "join the venture." However, an offer by Ovitz "could
be blocked by federal laws restricting Baby Bells' ownership of
entertainment programming." Media analyst Porter Bibb: "There
is a lot of wishful thinking on Wall Street about bidding for
CBS. Nobody is ready to move" (Baltimore SUN, 2/14).