TIME <TL> IN TALKS ON CABLE NEWS CONSORTIUM
N.J. Nicholas Jr., president and chief
operating officer of Time Inc, told security analysts the
company is now engaged in talks to join a consortium of cable
companies that will invest in Cable News Network.
    Nicholas declined to give any details, but said an
announcement might be ready in a few days. He also declined to
say whether the investment would be made by Time Inc or
American Television and Communications Corp, a public company
in which Time owns a majority stake.
    Cable News Network is owned by Turner Broadcasting System
<TBS>.
 Reuter
