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THE WALT DISNEY CO. REACHES AGREEMENT WITH LONDON-BASED TVS ENTERTAINMENT

 THE WALT DISNEY CO. REACHES AGREEMENT
 WITH LONDON-BASED TVS ENTERTAINMENT
 BURBANK, Calif., Jan. 16 /PRNewswire/ -- The Walt Disney Co. (NYSE: DIS) has reached an agreement with London-based TVS Entertainment, the parent of MTM Entertainment, to purchase MTM's 50 percent partnership interest in The CBS/MTM Studios.
 The purchase is subject to a number of conditions, including satisfactory completion of due diligence and obtaining consents from CBS and various lenders. CBS and MTM jointly own and operate the Studio City, Calif., television and film production facility, which covers 39 acres and includes 20 soundstages.
 -0- 1/16/92
 /CONTACT: Erwin Okun senior VP of The Walt Disney Co., 818-560-5400; or Rudolph Agnew, chairman of TVS Entertainment PLC, 071-976-7199/
 (DIS) CO: Walt Disney Co.; TVS Entertainment PLC ST: California IN: ENT SU: TNM


AL-JL -- LA004 -- 0296 01/16/92 07:00 EST
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Publication:PR Newswire
Date:Jan 16, 1992
Words:140
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