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Volume 24 No. 159
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PAUL ALLEN EYES SEAGRAM'S 15% STAKE IN TIME WARNER

     Blazers Owner and Microsoft co-founder Paul Allen is looking
into making an offer for Seagram's 15% stake in Time Warner,
according to Eben Shapiro of the WALL STREET JOURNAL.  Bear,
Stearns is helping Allen "sift through" potential media
investments.  But a source close to Allen says "there is real
interest" in the Time Warner stake, which is reportedly worth
$2.3B (WALL STREET JOURNAL, 1/26).