Primestar/TCI Satellite (TSATA) Message Board

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Technology Stocks : Primestar/TCI Satellite (TSATA)

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To: Noel who wrote (108)	10/14/1998 10:16:00 AM
From: JDCFA	Read Replies (1) of 442

MURDOCH VS. TURNER He was one of only two major league team owners who voted against News corps. purchase of the Dodgers, he has referred to Murdoch as "Hitler", he is the reason Primestar didn't pursue ASkyB in the first place forcing ASky to seek an illfated deal with DISH; Ted Turner hates Rupert Murdoch. Reportedly, Turner would rather lose his entire investment in Primestar rather than sell out to Murdoch at $4/sh. The money is there and Murdoch is ready to go, but noone wants to pay $6/sh. when TSAT is trading sub $2/sh. War is ready to be waged by TSAT shareholders against the Primestar Board of Dirs. which includes TWX reps. Gets more interesting all the time. Conclusion: Turner can stall a deal and probably receive some sort of sweetener. Legally, TWX Board members have a fiduciary responsibility to act in the best interests of Primestar not TWX. The Situation may get more ugly before it gets better, but at this valuation, hang tough. November meteor showers, the first in 33 yrs. may shake things up a bit.

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