Turner Broadcasting Inc

Ted Turner Reportedly Resumes Network Talks: The negotiations are reportedly to merge Turner's cable television company with one of the Big Three broadcast networks. The chairman of Turner Broadcasting Inc. met this week with top executives from all three of the major networks: General Electric Co.'s NBC, CBS Inc. and Capital Cities/ABC Inc.'s ABC, people familiar with the talks said. Turner has been trying to buy a network for the past decade.

Ted Turner Reportedly Resumes Network Talks: The negotiations are reportedly to merge Turner's cable television company with one of the Big Three broadcast networks. The chairman of Turner Broadcasting Inc. met this week with top executives from all three of the major networks: General Electric Co.'s NBC, CBS Inc. and Capital Cities/ABC Inc.'s ABC, people familiar with the talks said. Turner has been trying to buy a network for the past decade.

CBS Inc. and Turner Broadcasting Inc. are looking at areas of possible cooperation between the once antagonistic companies. While their discussions are said to be only exploratory, one area being examined is a possible partnership between CBS News and Turner's Cable News Network to share some news-gathering facilities and footage. The two companies already have made an agreement in which a portion of CBS' 1992 and 1994 Olympics coverage will be carried on Turner's cable channel TNT.

As it unveiled its second $2-billion-plus cable acquisition in two weeks, Time Warner Inc.--seeking to ease investor fears that it is taking on too much debt--told analysts Tuesday that it aims to sell up to $3 billion in assets, including its 21% stake in Turner Broadcasting System Inc. A divestiture by the media giant of its Turner holdings would be an important step in helping Turner Chairman Ted Turner free himself to make a significant deal, such as buying a major television network.

As it unveiled its second $2-billion-plus cable acquisition in two weeks, Time Warner Inc.--seeking to ease investor fears that it is taking on too much debt--told analysts Tuesday that it aims to sell up to $3 billion in assets, including its 21% stake in Turner Broadcasting System Inc. A divestiture by the media giant of its Turner holdings would be an important step in helping Turner Chairman Ted Turner free himself to make a significant deal, such as buying a major television network.

As it unveiled its second $2-billion-plus cable acquisition in two weeks, Time Warner Inc.--seeking to ease investor fears that it is taking on too much debt--told analysts Tuesday that it aims to sell up to $3 billion in assets, including its 21% stake in Turner Broadcasting System Inc. A divestiture by the media giant of its Turner holdings would be an important step in helping Turner Chairman Ted Turner free himself to make a significant deal, such as buying a major television network.

Newport Conservancy, the nonprofit environmental organization trying to raise funds to purchase the Castaways and Newporter North from the Irvine Co. and preserve it as open space, was recently given $2,048 from Comcast Cablevision of Orange County and Turner Broadcasting Inc. The donation represents proceeds from a marketing promotion at Comcast with matching funds from Turner Broadcasting.

Glu Mobile said media conglomerate Time Warner Inc. had made a $7.5-million investment in the privately held company that provides video games for wireless devices. In a move related to the investment, Andy Heller, president of domestic distribution for Time Warner's Turner Broadcasting Inc., has joined Glu's board of directors. The company also named Dan Skaff, founder of venture capital firm Sienna Ventures, lead director. Glu currently has no board chairman. San Mateo, Calif.

Turner Reportedly May Pump Money Into Orion: Turner Broadcasting System Inc. is the most likely company to bring Orion Pictures Corp. out of bankruptcy proceedings, Daily Variety reported. It quoted Orion sources as saying that Turner is in serious talks with the company about a deal with Orion. An Orion spokeswoman would say only that "there's been interest from several parties."

As it unveiled its second $2-billion-plus cable acquisition in two weeks, Time Warner Inc.--seeking to ease investor fears that it is taking on too much debt--told analysts Tuesday that it aims to sell up to $3 billion in assets, including its 21% stake in Turner Broadcasting System Inc. A divestiture by the media giant of its Turner holdings would be an important step in helping Turner Chairman Ted Turner free himself to make a significant deal, such as buying a major television network.

CBS Inc. and Turner Broadcasting Inc. are looking at areas of possible cooperation between the once antagonistic companies. While their discussions are said to be only exploratory, one area being examined is a possible partnership between CBS News and Turner's Cable News Network to share some news-gathering facilities and footage. The two companies already have made an agreement in which a portion of CBS' 1992 and 1994 Olympics coverage will be carried on Turner's cable channel TNT.