After two years of running the numbers and making alliances with foreign investors, Warner Brothers announces that it will launch its own television network, the Prime Time Entertainment Network, as a joint venture with Chris-Craft Industries’ group of television stations. Modeled after the recently premiered Fox Network, PTEN will begin with one night a week of programming, gradually increasing to two or more. With Fox still only broadcasting two nights a week, ironically, most TV stations that sign up as early adopters of PTEN are Fox affiliates. The network is expected to sign on in late 1992 or early 1993, and will become the home to the science fiction series Babylon 5.
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