The television industry is assuming that the Turner Broadcasting System wants to buy NBC from General Electric.
Federal regulations against cross-ownership make it virtually impossible for Time Warner to buy NBC outright, including the seven television stations owned by the network.
He was responding to a question about whether he was interested in buying NBC.
He has heard that Ted Turner is pushing Time Warner to buy NBC.
He approached me a couple of weeks ago and said: 'We're been hearing about all these different people buying NBC.
When G.E. bought NBC in 1986, its ability to manage a media company was questioned because of its reputation for promising shareholders steady growth.
Bill Cosby wants to buy NBC from General Electric, even though the network has said it is not for sale.
Barry Diller denied he was negotiating to buy NBC.
For months rumors circulated that he would put together a bid to buy NBC from the General Electric Company.
Time Warner has been widely reported as offering to buy NBC from G.E. for $5 billion.