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COMPANY TOWN ANNEX

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From Times Staff and Wire Reports

Seagram Reportedly Boosts Time Warner Stake: The beverage and liquor giant is rumored to have bought another block of Time Warner Inc. stock, raising its interest in the entertainment and media giant to 14.6% from 14.2%, business news channel CNBC quoted traders as saying. Neither Time Warner nor Seagram would comment on the report. If true, Seagram would have to confirm the purchase within a few days by filing papers with the Securities and Exchange Commission. Seagram has said it plans to buy up to 15% of Time Warner. Seagram has downplayed growing speculation that it will eventually move to buy control of Time Warner.

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