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Cable: So much for cable mania. Nashville,...

Cable: So much for cable mania. Nashville, Tenn.-based Gaylord Entertainment said it plans to sell its money-losing cable television operations so it can concentrate on “country music and country lifestyle entertainment.” Gaylord owns 27 cable franchises, which are managed by Crown Media, in North Carolina, South Carolina and California. Their subscribers number about 150,000 in Pasadena and Riverside County. Gaylord’s cable operations, the smallest of its divisions, lost $6.5 million in the third quarter of this year and $26.7 million in 1992, while the rest of the company was profitable. Gaylord did not say how soon it wants to sell the systems. Gaylord’s other assets include the famous Grand Ole Opry music hall in Nashville, four television stations, two radio stations, a hotel and theme park complex and the Nashville Network on cable.

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