Gaylord shopping cable systems. (Gaylord Broadcasting) (Brief Article)

Broadcasting & Cable, November, 1994 by McClellan, Steve

Gaylord officials confirmed last week that the company expects to sell its cable system operations--totaling close to 182,000 subscribers--by year's end. Sources familiar with the conversations also confirmed that the company earlier had held talks with several media giants, including Turner, TCI and Disney, about a possible sale of the company for a price in the neighborhood of $3 billion.

But the talks apparently did not get past a preliminary stage. A company spokesman declined to confirm or identify any of the wouldbe buyers and insisted there were no current talks involving the sale of the whole company. Gaylord has been talking with a number of MSOs all year about selling its cable systems, acquired several years ago to avoid a huge tax hit after...

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