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Financial Briefs

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.

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