Time Warner may take pass on CNN

Mandese, Joe; Donaton, Scott
April 1993
Advertising Age;4/12/1993, Vol. 64 Issue 15, p8
Trade Publication
This article reports on the possibility that Time Warner may not be interested in taking control of Turner Broadcasting System's Cable News Network (CNN) if Turner's assets are broken up as of April 1993. A story in The Wall Street Journal said two of Turner's major shareholders, Time Warner and Tele-Communications Inc., have discussed splitting Turner's assets. Time Warner already has an option to buy CNN if Turner is ever liquidated, but two executives close to Time Warner say the media company may be more interested in other Turner programming assets, including its entertainment cable networks and film and TV libraries.


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