THE MARKETS: Market Place; John Malone has moved the Liberty Media Group into a big stake in the News Corporation.
Date: 07 April 1999
By Geraldine Fabrikant
Geraldine Fabrikant
Market Place column on Liberty Media Group chairman John Malone's decision to acquire 8 percent of News Corp, media conglomerate controlled by Rupert Murdoch; Malone remains chairman of Liberty Media; Liberty is acquiring 51.8 million shares of News Corp in exchange for its half-interest in Fox/Liberty Sports; Liberty is paying $700 million for 28.1 million shares of News Corp from MCI Worldcom (M)
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Honors
Date: 07 April 1999
By Stuart Elliott
Stuart Elliott
Howard Draft, chairman-chief executive at Draft Worldwide, is named Charles S Downs Direct Marketer of the Year for 1999 by Chicago Association of Direct Marketing; Sir Dominic Cadbury, chairman of Cadbury Schweppes PLC, is named chairman of International Advertising Association's World Advertising Congress, to be held next year in Congress; Nancy Larsen, president of Promedica Communications Inc, is named 1999 president of Health Care Marketing and Communications Council; Gary J Gyss, president and publisher at International Medical News Group, is named president-elect and will succeed Larsen in 2000 (S)
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Americans, in Poll, See U.S. Involvement Growing
Date: 08 April 1999
By R. W. Apple Jr. With Janet Elder
R. Apple
New York Times/CBS News poll finds most Americans expect conflict between Serbia and Kosovo to drag on for months or years, to involve deployment of United States ground troops and to cause loss of American lives; 52 percent of Americans surveyed support Pres Clinton's policy in conflict, but fewer than third think current NATO bombing campaign will stop ethnic cleansing in Kosovo; 46 percent say they favor use of ground troops, while 48 percent are opposed; only 21 percent opt for ground troops when given other options of continuing air attacks or pulling out altogether; backing for ground troops is strongest, at 55 percent, among those who say they follow fighting most closely; but support is slowly growing in general as bombing campaign and plight of refugees are dramatized on television screens; chart (M)
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Banana Journalism
Date: 07 April 1999
Editorial says former Cincinnati Enquirer reporter Mike Gallagher has every right to mount vigorous defense in case against him over revelations about Chiquita Brands International, but says his decision to disclose sources betrays most basic code of news profession (S)
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Fox Moves To Reclaim Some Ad Slots
Date: 08 April 1999
By Bill Carter
Bill Carter
Fox network, in move that could help radically alter relationship between broadcast networks and their affiliated stations, is unilaterally reclaiming for itself more than 20 percent of commercial time now sold by its local affiliated stations in prime time; Lawrence Jacobson, president of Fox television network, informed network's affiliated station owners in letter dated April 6 that starting July 1 it will cut back to 70 a week from 90 a week the number of 30-second commercials available for local affiliates to sell in Fox's prime-time shows; result will be shift of estimated $50 million to $100 million a year from stations to network, which is owned by News Corp; Fox move is boldest in series of recent moves by networks to try to change their traditional relationship with affiliates (M)
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EARNINGS FOR FIRST QUARTER EXCEED EXPECTATIONS
Date: 08 April 1999
By Bloomberg News
Bloomberg News
Alco says first-quarter earnings unexpectedly rose 5.3 percent; net income rose to $221.1 million from $209.9 million a year earlier (S)
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CONSUMER-ELECTRONICS RETAILER TOPS ESTIMATES
Date: 07 April 1999
By Bloomberg News
Bloomberg News
Circuit City Stores Inc says fiscal fourth-quarter earnings rose 52 percent; net income rose to $87 million from $57.4 million in year-earlier period; sales rose 8 percent in 1999 fiscal year (S)
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NEW DEVELOPMENTS AND PURCHASES FOR DUKE REALTY
Date: 08 April 1999
By Bloomberg News
Bloomberg News
Duke Realty Investments Inc says it has spent $148 million in new developments and acquiring land and industrial properties (S)
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CAPITAL AUTOMOTIVE REIT INCREASES PROPERTY HOLDINGS
Date: 08 April 1999
By Bloomberg News
Bloomberg News
Capital Automotive REIT, owner of auto dealership property, acquired 22 properties in first quarter for $88 million, expanding its holdings in five states (S)
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COGECO CABLE PLANS TO ACQUIRE CABLEWORKS OF ONTARIO
Date: 08 April 1999
By Bloomberg News
Bloomberg News
Cogeco Cable Inc, one of Canada's biggest cable-TV companies, will buy Cableworks Communications Inc from Levfam Holdings Inc for $162.5 million (Canadian), or $108.2 million (US) (S)
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