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Article: Primestar/News Corp. deal could be announced this week; Time Warner agrees to drop opposition to DBS merger. (direct broadcast satellite television service, Primestar Partners)
- Article from:
- Broadcasting & Cable
- Article date:
- May 26, 1997
- Author:
CopyrightCOPYRIGHT 1997 Reed Business Information, Inc. (US). This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Time Warner agrees to drop opposition to DBS merger
Time Warner, after marathon negotiations, has dropped its objections to a Primestar Partners/News Corp. merger and the parties have reached an agreement in principle for a deal.
While terms are not yet final and the deal could still fall apart, that possibility has diminished and attorneys for the principals are drafting documents that spell out specific terms.
"It's finished if it wants to be," says a source familiar with the talks. Primestar Partners--TCI Satellite Entertainment (TSAT), Time Warner, Comcast, Cox, MediaOne (formerly Continental Cablevision) and GE American ...