TIME &lt;TL> IN TALKS ON CABLE NEWS CONSORTIUM

  N.J. Nicholas Jr., president and chief
  operating officer of Time Inc, told security analysts the
  company is now engaged in talks to join a consortium of cable
  companies that will invest in Cable News Network.
      Nicholas declined to give any details, but said an
  announcement might be ready in a few days. He also declined to
  say whether the investment would be made by Time Inc or
  American Television and Communications Corp, a public company
  in which Time owns a majority stake.
      Cable News Network is owned by Turner Broadcasting System
  &lt;TBS>.
  

