Real Estate;The News Corporation finds a home for its Fox cable news channel coming in the fall.
Date: 31 July 1996
By Mervyn Rothstein
Mervyn Rothstein
THE News Corporation, the media behemoth controlled by Rupert Murdoch, has leased an additional 120,000 square feet at 1211 Avenue of the Americas to house the new 24-hour Fox cable news channel it plans to introduce in the fall. The company already occupies about 385,000 square feet in the 44-story, 1.7- million-square-foot building between 47th and 48th Streets.
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News Reports' Naming of Bomb Suspect Raises Ethics Issue
Date: 01 August 1996
By Frank Bruni
Frank Bruni
Many news organizations violate their policies regarding suspects by deciding report that Richard A Jewell, security guard at Summer Olympics in Atlanta, is suspect in bombing at Centennial Olympic Park; actions raise important ethical questions about ability and inclination of news organizations to act responsibly when news event sets off intense competition; photo (M)
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Russia's Purveyor of 'Truth', Pravda, Dies After 84 Years
Date: 31 July 1996
By Michael Specter
Michael Specter
When its devoted readers reached into their mailboxes this morning for Russia's oldest and most famous Communist newspaper, they came up with a big surprise: nothing. Pravda, the ponderous organ of Communist thought founded by Lenin and his Bolshevik comrades in 1912, one of the enduring icons of the Soviet era and probably history's most inaccurately named publication (Pravda means truth in Russian), has ceased publication.
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AMERICAN RE RISES ON NEWS THAT STAKE MAY BE SOLD
Date: 01 August 1996
By Bloomberg News
Bloomberg News
American Re Corp shares rise following report that Kohlberg Kravis Roberts & Co is in talks to sell its 64 percent stake (S)
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CHIRON CORP. (CHIR,NNM)
Date: 01 August 1996
By Bloomberg News
Bloomberg News
Chiron Corp reports second-quarter earnings rose to $15.3 million from $830,000 in 1995 period; table (S)
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TELE-COMMUNICATIONS ACQUIRES VIACOM'S TV HOLDINGS
Date: 01 August 1996
By Bloomberg News
Bloomberg News
Tele-Communications Inc's TCI Communications Inc unit acquires Viacom Inc's cable television holdings for $2.3 billion (S)
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WORLD AIRWAYS TO DISCONTINUE MONEY-LOSING FLIGHTS
Date: 01 August 1996
By Bloomberg News
Bloomberg News
World Airways Inc to discontinue money-losing commercial flights and focus on military and international charter flights; reports second-quarter earnings rose 22 percent, to $14.5 million, from $11.9 million in 1995 period (S)
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GATX AND PARTNERS ORDER 11 BOEING JETLINERS
Date: 01 August 1996
By Bloomberg News
Bloomberg News
Two partnerships affiliated with GATX Capital Corp, GATX Corp unit, order 11 Boeing jetliners for total of up to $1.2 billion (S)
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CHIEF FINANCIAL OFFICER AT XYLAN RESIGNS
Date: 01 August 1996
By Bloomberg News
Bloomberg News
C Stephen Cordial resigns as Xylan Corp chief financial officer; Xylan stock continues to fall (S)
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GRAND UNION AGREES TO SELL SHARES TO INVESTOR GROUP
Date: 01 August 1996
By Bloomberg News
Bloomberg News
Grand Union Co to sell $100 million of preferred stock to investor group including family of Roy Disney; stock will be convertible to between 58 percent and 61 percent of common shares (S)
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