
                         Roanoke Times
                 Copyright (c) 1995, Landmark Communications, Inc.

DATE: WEDNESDAY, February 27, 1991                   TAG: 9102270132
SECTION: BUSINESS                    PAGE: A-7   EDITION: METRO 
SOURCE: 
DATELINE: NEW YORK                                LENGTH: Short

FNN NOW PLANS SALE TO GE CABLE DIVISION

The Financial News Network Inc. said Tuesday it had agreed to sell its business cable television network to General Electric Co.'s cable division, parent company of NBC television.

The deal with GE's Consumer News and Business Channel apparently scraps an earlier tentative agreement for FNN to sell the cable network and other media assets to a joint venture of Dow Jones & Co. and Westinghouse Broadcasting Co.

FNN said CNBC offered $105 million in cash. The company has never said how much the Dow Jones-Westinghouse venture had offered, but it was reported at about $90 million. - Associated Press

by CNB