FOX/LIBERTY'S STAKE IN SPEEDVISION/OUTDOOR LIFE PUT AT $100M
Fox/Liberty Networks' purchase of a one-third stake in
Speedvision and Outdoor Life Networks is for about $100M,
according to John Dempsey of DAILY VARIETY. Roger Werner,
who will stay on as President & CEO of the networks, said
that a clause in the new deal allows Fox/Liberty to increase
its stake to a majority ownership in the nets after three
years. Speedvision reaches about 14.5 million cable and
satellite homes, and Outdoor Life about 13.5 million.
Werner said that Speedvision will be spending more money to
bid on NASCAR races (John Dempsey, DAILY VARIETY, 3/27).