If rift between Paxson Communications and NBC leads to divorce (C...
If rift between Paxson Communications and NBC leads to divorce (CD Dec 5 p7), Paxson might be able to land MGM as new suitor, speakers said Wed. at UBS Warburg conference in N.Y. MGM Chmn. Alex Yemenidjian said “the…
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Paxson asset would fit very well with MGM,” providing it came with “right structure and right price.” He didn’t suggest MGM was poised to pursue Paxson, and when asked about possible parameters for acquiring a network or distribution outlet, he said it would be “difficult to discuss publicly” such matters. Pax TV COO Dean Goodman told conference that despite new deregulation fervor in D.C., possibility of govt. giving blessing to “triopoly” such as could emerge from NBC takeover of Telemundo, along with Paxson, was almost nil. “The Democrats are still upset about 2 stations in a market,” he said. Paxson Pres. Jeff Sagansky said he expected both arbitration and FCC proceedings sought by Paxson would be completed quickly, “certainly within the first 3 quarters of next year.” He also said that “if it comes to an unwind, we will find a new partner or, more likely, a buyer.”