MEDIA OWNERSHIP OF SPORTS; TURNER SAYS HE'S NO FALCONER
Media companies' ownership of sports teams is examined by Grover, Barrett et al. in BUSINESS WEEK. While 52 public companies have interest in the 130-odd major sports teams in North America, "at least a third" are media companies. BUSINESS WEEK adds that media companies buy sports teams and "programming for one simple, hugely compelling reason: In the fragmenting American TV audience, sports is the only surefire way to land a substantial and predictable audience." News Corp. Co-COO Chase Carey: "Sports programming sells anywhere, anytime" (BUSINESS WEEK, 9/22). THREE IS ENOUGH: In Atlanta, Time Warner Vice Chair Ted Turner spoke at the Commerce Club yesterday. Asked if he wanted to buy the Falcons, Turner said, "We've got enough teams already." To which Braves/Hawks President Stan Kasten chimed in, "Amen" (ATLANTA CONSTITUTION, 9/16).