	time 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 tbs reuter 
