Turner Broadcasting responded to CBS’ filing.
Turner Broadcasting System characterized CBS’ reply papers, filed with the FCC last Friday, as “merely a repeat of the unfounded and erroneous assertions found in its original petition to deny.†TBS added that “CBS’ critique of the financial projections contained in our opposition papers was to be expected. Among other things, CBS was forced to assume a precipitous decline in its ratings in order to support its tenuous position.†Last Friday, CBS had asked the FCC to prevent a takeover by Turner on grounds that the merged companies would go bankrupt.
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