WESTINGHOUSE BUYS CMT AND TNN
By Adnews Staff
Westinghouse Electric Corp. of New York has bought two cable networks from Gaylord Entertainment. The two networks are The Nashville Network and Country Music Television. The deal includes the domestic and international operations of TNN, the U.S. and Canadian operations of CMT, as well as $50 million in working capital. Since 1982, Westinghouse's Group W Satellite Communications and Gaylord have had a relationship in cable programming. Gaylord provides programming content for TNN and CMT, while GWSC provides affiliate relations, advertising sales and marketing for the networks.
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