You will be redirected back to your article in seconds

Par, Malone eyed Turner buy

Paramount Communications Inc. considered teaming with Tele-Communications Inc. and Liberty Media Inc. to try to buy nearly half of Turner Broadcasting System Inc. earlier this year.

Those talks, disclosed in court documents submitted in the on-going battle to acquire Par, led to a proposal that would have turned Liberty into an investment vehicle owned largely by Par and TCI.

Paramount considered buying Time Warner’s 20% stake in Turner and turning it over to Liberty. TCI, then, would have added its 23% piece of Turner to Liberty. In exchange, Par and TCI would have each owned 43% of Liberty, and Liberty, in turn, would have owned 17% of Par.

John Malone, TCI president and Liberty chairman, said in a deposition the deal fell apart because of regulatory concerns.

More Biz

  • Bill OReilly Roger Ailes Sexual Harrassment

    Bill O'Reilly, Roger Ailes Still Loom Over Fox's Business (Analysis)

    Paramount Communications Inc. considered teaming with Tele-Communications Inc. and Liberty Media Inc. to try to buy nearly half of Turner Broadcasting System Inc. earlier this year. Those talks, disclosed in court documents submitted in the on-going battle to acquire Par, led to a proposal that would have turned Liberty into an investment vehicle owned largely […]

  • Éric Salvail Suspends Career After Sexual

    Quebec Radio Star and Producer On Leave Over Sexual Harassment Allegations

    Paramount Communications Inc. considered teaming with Tele-Communications Inc. and Liberty Media Inc. to try to buy nearly half of Turner Broadcasting System Inc. earlier this year. Those talks, disclosed in court documents submitted in the on-going battle to acquire Par, led to a proposal that would have turned Liberty into an investment vehicle owned largely […]

  • Roy Price

    Harvey Weinstein Fallout: Entertainment Figures Accused of Sexual Harassment

    Paramount Communications Inc. considered teaming with Tele-Communications Inc. and Liberty Media Inc. to try to buy nearly half of Turner Broadcasting System Inc. earlier this year. Those talks, disclosed in court documents submitted in the on-going battle to acquire Par, led to a proposal that would have turned Liberty into an investment vehicle owned largely […]

  • Harvey Weinstein

    Colony Capital Has Three-Week Window to Avert Weinstein Co. Bankruptcy (EXCLUSIVE)

    Paramount Communications Inc. considered teaming with Tele-Communications Inc. and Liberty Media Inc. to try to buy nearly half of Turner Broadcasting System Inc. earlier this year. Those talks, disclosed in court documents submitted in the on-going battle to acquire Par, led to a proposal that would have turned Liberty into an investment vehicle owned largely […]

  • Mark Baker Warner Music Group

    Warner Music Group Names Mark Baker VP of Public Policy & Government Affairs

    Paramount Communications Inc. considered teaming with Tele-Communications Inc. and Liberty Media Inc. to try to buy nearly half of Turner Broadcasting System Inc. earlier this year. Those talks, disclosed in court documents submitted in the on-going battle to acquire Par, led to a proposal that would have turned Liberty into an investment vehicle owned largely […]

  • Lupita Nyong'o Harvey Weinstein

    Lupita Nyong'o Details Harvey Weinstein's Advances Toward Her in Op-Ed: 'I Felt Unsafe'

    Paramount Communications Inc. considered teaming with Tele-Communications Inc. and Liberty Media Inc. to try to buy nearly half of Turner Broadcasting System Inc. earlier this year. Those talks, disclosed in court documents submitted in the on-going battle to acquire Par, led to a proposal that would have turned Liberty into an investment vehicle owned largely […]

  • David Blaine Rape

    David Blaine Accused of Rape by Former Model

    Paramount Communications Inc. considered teaming with Tele-Communications Inc. and Liberty Media Inc. to try to buy nearly half of Turner Broadcasting System Inc. earlier this year. Those talks, disclosed in court documents submitted in the on-going battle to acquire Par, led to a proposal that would have turned Liberty into an investment vehicle owned largely […]

More From Our Brands

Access exclusive content