Stringer quits Tele-TV

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Howard Stringer resigned Friday as chairman of Tele-TV amid rumors that he is negotiating a top strategic post at Sony Corp. of America. The high-profile former CBS president could be a key to Sony taking its U.S.-based operations public within a year. Mr. Stringer and Sony declined comment. Mr. Stringer also is considering an offer to head independent Channel 4 in his native Britain. Meanwhile, Tele-TV on Friday laid off another round of employees, leaving its employee count at just over 100. Despite its estimated $300 million to $500 million investment, Bell Atlantic, Pacific Telesis and NYNEX appear to be headed toward folding their TV venture.

Copyright April 1997, Crain Communications Inc.

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