News Corp., Time Warner Said Interested in MGM Studio

Apparently, News Corp, Time Warner, and Qualia Capital are interested in buying the Metro-Goldwyn-Mayer film studio. The companies haven't examined the studio's finances and their level of interest will depend on price. Burdened by about $4 billion in debt, Los Angeles-based MGM said last week it is weighing options, including a possible sale of the company. Creditors are hoping to get at least $2 billion, from a single buyer or by selling the assets separately, the people said. Matthew Harrigan, an analyst at Wunderlich Securities, says MGM is worth $1.6 billion to $1.7 billion.