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

  • Gigi PritzkerTune In! Variety's TV Summit,

    Listen: Producer Gigi Pritzker on Staying Nimble and Embracing Risk

    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 […]

  • LAPD Placeholder

    Many Accused, None Prosecuted: Why #MeToo Hasn't Led to a Single Criminal Charge in L.A.

    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 […]

  • Times Up Hollywood

    Inside Time's Up Entertainment's Plan to Take on Sexism in Hollywood

    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 […]

  • Sexual Harassment at Hollywood Talent Agencies

    When Saying 'Me Too' Isn't Enough (Column)

    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 […]

  • Abuse, Harassment Survivors Reflect on How

    #MeToo Survivors on the Year That Rocked Hollywood

    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 […]

  • TARANA BURKE Variety Cover Story

    #MeToo Founder Tarana Burke on the Rigorous Work That Still Lies Ahead

    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 […]

  • Brett Kavanaugh

    Time's Up Calls for Brett Kavanaugh to Withdraw Supreme Court Nomination

    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