In the Murdoch-Levin dispute, money talked.
Date: 28 July 1997
By Lawrie Mifflin
Lawrie Mifflin
Time Warner Inc's surprise decision to give News Corp's Fox News Channel access to its New York City cable television systems and many of its other cable systems around nation comes despite series of legal victories by Time Warner; has spurred number of theories, but results mainly from News Corp head Rupert Murdoch's willingness to pay high price for access; drawing (M)
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'Euroskeptics' Offer Lesson in Playing Politics on the World Wide Web
Date: 28 July 1997
By Edmund L. Andrews
Edmund Andrews
'Euroskeptic' groups, which oppose European Union and common currency, have emerged as one of most pugnacious political movements on Internet; groups have wildly different goals and styles, but their World Wide Web sites are now tightly linked; have created textbook example of how political groups ignored by media can use Web as political tool; table (M)
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At Palestinian Papers, Money Is as Elusive As Freedom
Date: 28 July 1997
By Judith Miller
Judith Miller
Arabic-language Palestinian newspapers struggle for survival in face of political turmoil, censorship by Israelis, intimidation by Palestian Authority, soaring paper and printing costs and fierce competition among leading dailies; Palestinian press law ostensibly guarantees free press, but self-censorship is often more insidious than official control; editors say toughest challenges are economic; photos (M)
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Stocks Higher in Japan
Date: 28 July 1997
By Bloomberg News
Bloomberg News
Nikkei index of 225 Japanese stock issues rises 185.72 points, to 20,575.26 (Mon, 7/28) (S)
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Spano Inquiry Cost $525
Date: 27 July 1997
By Bloomberg News
Bloomberg News
National Hockey League reportedly paid private detective about $525 to investigate John Spano, former Islanders owner, much less than other major sports spend on background checks; Spano was arrested on federal charges of bank and wire fraud five months after NHL approved his purchase of Islanders; has surrendered control of team (S)
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Harcourt General Sets $236 Million Charge
Date: 28 July 1997
By Bloomberg News
Bloomberg News
Harcourt General Inc to take charges of some $236 million after taxes, resulting in loss for third quarter, in part to dismiss 50 workers after June acquisition of National Education Corp (S)
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Credit Lyonnais to Sell Stake in Italian Bank
Date: 28 July 1997
By Bloomberg News
Bloomberg News
Credit Lyonnais to sell its 56.8 percent stake in Credito Bergamasco to Banca Popolare di Verona for 1.24 trillion lire ($694 million); under Italian law, Banca Popolare will now have to offer to buy remaining Credito Bergamasco shares (S)
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NEWS SUMMARY
Date: 27 July 1997
INTERNATIONAL 3-10 Afghan Leaders Suffer Setbacks on the Battlefield Afghan leaders are witnessing a reversal of fortune. Three months ago, the Taliban movement appeared on the threshold of imposing its militant Islamic rule on the last parts of the country. But now the opposition has surged back, coming within 15 miles of Kabul, the capital. Although Taliban forces continue to hold two-thirds of the country, the front line represents a humiliating setback for the hard-liners, who look demoralized, increasingly unpopular among ordinary Afghans, and vulnerable. 1 Kenyan Opposition Holds Rally For the first time since Kenyan opposition groups started agitating for constitutional reform earlier this year, thousands of people were allowed to assemble peacefully and listen to speeches lambasting the authoritarian president. 3
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NEWS SUMMARY
Date: 28 July 1997
INTERNATIONAL A2-7 Yeltsin Plans Big Changes For Crumbling Military President Boris N. Yeltsin has signed a series of decrees intended to overhaul Russia's ailing military. Among the planned changes are a one-third reduction in the number of troops and the discontinuation of entire branches of service. The changes also signal the end for factories and towns that have existed primarily to serve the military. A1 Basques Hold Rally in Spain The Popular Unity party, which is linked to the Basque separatist group E.T.A., rallied 18,000 people for a mostly peaceful march in northern Spain. The rally was intended to send a warning to Spaniards that the group would not give up its fight for an independent homeland. Earlier this month, millions of people across Spain marched to protest E.T.A.'s killing of a Basque town councilman. A3
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How to Succeed in the Business News Business
Date: 27 July 1997
By William C. Taylor
William Taylor
William C Taylor reviews book Bloomberg by Bloomberg by Michael Bloomberg with Matthew Winkler (M)
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