	time tl ings may be dlrs share time inc s chief financial officer thayer bigelow told security analysts the company is comfortable with wall street estimates that ings will be in a range of dlrs to dlrs per share in time reported ings of dlrs per share including a number of special items bigelow said in adjusting the results for the special items and also removing the ings of american television and communications corp atcma time ed dlrs per share in turner broadcasting system inc said the investment by the cable consortium would be in turner broadcasting not directly in cnn the consortium would infuse up to mln dlrs in turner broadcasting in return for a pct equity interest ted turner chairman would retain a pct interest a turner broadcasting spokesman said bigelow said the company is continuing its previously announced mln share repurchase program and has bought back mln of its own shares he said shares were purchased in the first quarter of at an average price of dlrs per share bigelow said the company will always have a share buyback program in place whenever it believes it is a better long term investment than starting or acquring a business but he did not give any specifics on further repurchases beyond the mln shares already announced on the subject of acquisitions richard munro chairman and chief executive said the company is not interested in investing in over the air broadcasting but continues to look at all areas in which it is currently engaged munro said book publishing is an area that interested time in the company purchased scott and foresman its biggest acquisition ever n j nicholas president and chief operating officer said the company might be interested in a relatively small book business he said following the recent agreement for the sale of harper and row to the news corp ltd nws there may be pieces that murdoch doesn t want referring to news corp chairman rupert murdoch asked if the company s sami business is for sale munro said it is a delicate subject and we re looking at all the options sami is a marketing information service for the food industry published reports have stated it could be worth as much as mln dlrs bigelow said that time s home box office added subscribers last year and the trend is continuing in the first quarter of however he said hbo s results in the quarter will be down slightly but in the first quarter of there was a special gain in the hbo unit nicholas said that hbo and cinemax had combined subscriber growth of for last year he also said the tax rate in will remain at just under pct because of the repeal of investment tax credits and higher state and local taxes he said he sees a decrease in the tax rate in of five or six percentage points munro said the company does not plan to increase its dividend trygve myhren chairman and chief executive of american television and communications said the unit is looking at getting involved in the home shopping video area it would be foolish not to be a player there he said he said the company had talks with home shopping network inc hsn prior to that company s public offering last year but nothing came of the talks reuter 
