Sports Media

HICKS MUSE BUILDS UP LATIN CABLE BASE FOR SPORTS PROGRAMS

1.4.2000

          Hicks Muse Tate & Furst has purchased a 35.9% stake in
     Argentine cable company Cablevision SA from Spain's
     Telefonica for $545M plus the assumption of $395M in debt,
     according to Craig Torres of the WALL STREET JOURNAL.  The
     deal will allow Hicks Muse to "fuse its other cable
     properties in the region into a company with more than 2.3
     million subscribers and several major programming assets,"
     including sports content producer Torneos & Competencias,
     also known as TyC.  Hicks Muse, along with Liberty Media,
     will become controlling partners of TyC (WALL ST JOURNAL,
     1/4).  In Dallas, Richard Alm notes Hicks Muse-controlled
     companies have secured the rights to Brazilian and Argentine
     soccer games and they "plan to launch the Pan American
     Sports Network" in February (DALLAS MORNING NEWS, 1/4).

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