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Volume 24 No. 156
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MICROSOFT REFUTES REPORT OF MERGER DEAL WITH NBC

     Microsoft Corp. denied a published report Monday that the
company is in talks with NBC regarding a "major equity" stake in
the network.  Allison O'Brien, spokesperson for Microsoft, said
the report Microsoft "is involved in discussions to buy up to 49%
of NBC are not true."  NBC also denied the report, but is
expected to announce plans for an all-news network by week's end
with Microsoft possibly holding a 50% stake in the channel (L.A.
TIMES, 12/12).