Time Warner Inc. has named Thomas C. Feige president of its full service network slated to be built this year in the Orlando, Fla., area. He’ll also serve as a vice president for Time Warner Cable Ventures. The service will utilize fiber optics, digital compression and digital switching to provide video-on-demand, interactive games, full-motion video shopping, distance learning and other video, voice and data services.
First Boston Corp. has initiated coverage of shares of CBS Inc. with a rating of “hold.” Mary Kukowski, an analyst at First Boston, says CBS “has had a good run.” For the company now to be an outperformer, she says, it would need to see a strong pickup in the advertising-spending environment or a shift to higher viewer ratings. The analyst expects CBS to earn $ 15.35 a share in 1993 and $ 18 .75 in 1994.
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Blockbuster Entertainment Corp. is considering investing in the professional sports holdings of chairman Wayne Huizenga. The board last week discussed possibly buying a stake in Huizenga’s baseball and hockey franchises but no decision has been made. Huizenga owns the expansion Florida Marlins baseball team and a yet-to-be named Florida hockey franchise. He also owns half of Joe Robbie Stadium in south Florida and a minority share of the Miami Dolphins.
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Sony Corp.’s software unit is considering a significant expansion of its businesses in Thailand, following meetings the company conducted this week with government and business leaders in Bangkok.
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Washington Post Co. said its Post-Newsweek U.K. Cable Ltd. division acquired cable franchises for the Cumbernauld, Dumbarton and Falkirk/Livingston areas of Scotland from Russig Ltd. Financial terms were not disclosed. In a press release , Washington Post said the acquired franchises cover areas with more than 140, 000 homes and bring to 425,000 the total number of homes in franchises controlled by its division.