TIME WARNER KO'S FOREMAN FIGHT AFTER OFFER IS REFUSED

     The George Foreman-Michael Moorer fight was cancelled when
Foreman failed to respond to Time Warner's last offer and the
company withdrew its bid.  Foreman had asked for $10M, but was
offered $9.6M from Time Warner.  Moorer reportedly offered
$300,000 of his purse so Foreman could get his share, but by that
time, Time Warner has taken its offer of the table.  Foreman's
promoter Bob Arum said Time Warner should now release Foreman
from his TVKO contract.  (Wallace Matthews, N.Y. POST, 12/9). In
Boston, Ron Borges writes that TVKO now feels the fight is off,
although Arum is still scrambling with a "weak hope that the
casino people in Atlantic City can come up with enough money.
Since it appears Foreman doesn't really want the fight, it seems
no amount of money is enough" (BOSTON GLOBE, 12/10).