Walt Disney Co. and News Corp. have approached Hilton
about buying half of MSG if Hilton's bid to buy ITT is
successful, according to Jon Elsen of the N.Y. POST. The
two companies, as well as Westinghouse, have also approached
ITT about MSG, but Westinghouse hasn't expressed its
interest to Hilton. Elsen writes Disney "would be forced to
choose" between its Mighty Ducks and the NHL Rangers, "since
it would not be allowed to own both" (N.Y. POST, 2/21).
SPARE ANY CHANGE? The DAILY NEWS' Douglas Feiden
examines Cablevision's interest in ITT's MSG stake, noting
the "debt saddled company is scrambling to sell off cable
systems -- lining up bank financing" and "tapping credit
lines and searching" for an investment partner for a
possible purchase. One "longshot scenario" has Cablevision
considering "unloading most of its cherished cable systems -
- including the lucrative metro New York system" (N.Y. DAILY
NEWS, 2/21). The TIMES' Richard Sandomir writes "Call it a
tiff or a feud, but one thing is undeniable: ITT and
Cablevision Systems, the once happy owners of Madison Square
Garden, have developed a rift" (N.Y. TIMES, 2/21).
NEW SUIT: MSG was sued for $600,000 by the nonprofit
Community for Education Foundation, whose founders include
politician Jack Kemp, for allegedly failing to sell lower-
priced tickets for a '96 fund-raising event called the
"Campaign for Kids Basketball Challenge" (NEWSDAY, 2/21).
