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21st of March 1995 News
Novice, kot so bile prikazane na prvi strani New York Timesa na 21. marec 1995
Walter Cronkite With an Assessment of TV News
Date: 22 March 1995
By Walter Goodman
Walter Goodman
"Headlines and Sound Bites: Is That the Way It Is?" No, not entirely. This assessment of how the news is being covered concludes that there is plenty of information out there, both on screen and in print, if only people would pay attention. Television news is found to handle breaking stories well, even though it neglects more complicated events, particularly in distant places. As an example of television at work, however, tonight's hourlong report may leave you wondering. It goes in for pronouncements by personages attached to such estimable institutions as ABC News and The New York Times, all in tight close-ups as if the camera was trying to get at their brains through their nostrils.
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When a Midwest Newsman Makes It to the Big Time
Date: 21 March 1995
By John J. O'Connor
John O'Connor
NBC's "News Radio" is off to an enticing start. And with good reason. The sitcom's credentials are definitely A-list, at least in television's universe. The producers are Brad Grey and Bernie Brillstein, whose credits include HBO's "Larry Sanders Show." The creator is Paul Simms, formerly a writer for Garry Shandling and David Letterman. And the stars are dripping in contemporary hip. Dave Foley of the comedy troupe Kids in the Hall plays Dave, the baby-faced man from Wisconsin who hits Manhattan to be news director of all-news radio station WNYX. Phil Hartman, formerly of "Saturday Night Live," is bringing his delicious sultan-of-smarm manner to the character of Bill, the oily news announcer. And Andy Dick, who has worked prominently with Ben Stiller and Mr. Letterman (he plays Donnie, the fawning page), is Matthew, the hypersensitive apprentice who's sure he is going to be fired for things like his unfortunate on-air mispronunciation of Buttafuoco.
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KEYCORP ANNOUNCES PLAN TO INCREASE EARNINGS
Date: 22 March 1995
By Bloomberg News
Bloomberg News
Keycorp announced a plan yesterday to cut annual expenses by $100 million and almost double earnings to $1.54 billion by 1999. Keycorp, the nation's 10th-largest bank, plans to focus on selling more retail, finance, corporate and private banking services to existing customers and on attracting more lucrative clients. Under the plan, called First Choice 2000, Keycorp plans to cut or add services branch by branch, depending on the mix of customers served by each outlet. Keycorp, based in Cleveland, has 1,300 offices nationwide.
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APPLE DISCLOSES SHORTAGES OF HIGH-END UNITS
Date: 22 March 1995
By Bloomberg News
Bloomberg News
The chief executive of Apple Computer Inc., Michael H. Spindler, acknowledged yesterday that the company had problems filling orders for its top-of-the-line Power Macintosh personal computers and other models because of poor planning and component shortages. "We were a little timid" in forecasting, Mr. Spindler said at a news conference in London. "As a result, we left some money on the table." Mr. Spindler said Apple was "limited by chips" in some of its machines. Last week, two analysts cut their ratings for Apple because of Power Macintosh shortages, causing shares of the company to fall 8 percent, to $35 a share. The high-speed Power PC chip for the high-end computers was jointly developed by Apple and the International Business Machines Corporation. Shares of Apple rose $1 yesterday, to $36.25, in Nasdaq trading.
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LEVI STRAUSS TO SPEND $850 MILLION IN REVAMPING
Date: 22 March 1995
By Bloomberg News
Bloomberg News
Levi Strauss Associates Inc. said yesterday that it planned to spend $850 million in the next few years to improve its United States operations. The company had previously said it would spend $400 million on the reorganization. Levi Strauss, the jeans maker based in San Francisco, said it would spend $400 million to support a new distribution network, expanded ordering systems and changes in organization and production, according to a filing with the Securities and Exchange Commission.
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FRONTIER BUYS AMERICAN SHARECOM IN STOCK DEAL
Date: 21 March 1995
By Bloomberg News
Bloomberg News
The Frontier Corporation said yesterday that it had bought American Sharecom Inc. for about $198 million in stock, extending the long-distance telephone network of Frontier to the Midwest and West. Frontier, formerly the Rochester Telephone Corporation, will make Minneapolis the hub of its long-distance sales and operations in the northern Midwest, Frontier officials said. American Sharecom, which is closely held and based in Minneapolis, has annual revenue of $125 million. Frontier, based in Rochester, posted revenue of $985.5 million in 1994. Under the transaction, Frontier will issue 8.7 million shares for American Sharecom.
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WORLD COLOR PRESS ACQUIRES NORTHEAST GRAPHICS
Date: 21 March 1995
By Bloomberg News
Bloomberg News
World Color Press Inc. said yesterday that it had bought Northeast Graphics Inc. for about $100 million. World Color Press, a commercial printer based in New York, said the acquisition would enhance its existing capabilities and give customers a new operation on the East Coast. Northeast, based in North Haven, Conn., is a closely held commercial printer.
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XEROX RECEIVES $500 MILLION CONTRACT FROM E.D.S.
Date: 22 March 1995
By Bloomberg News
Bloomberg News
The Xerox Corporation received a five-year contract yesterday to operate and manage about 100 printing centers owned by the Electronic Data Systems Corporation, a unit of the General Motors Corporation based in Plano, Tex. The contract, valued at more than $500 million, continues the efforts of Xerox, based in Stamford, Conn., to move into outsourcing and digital printing and away from the company's traditional copier business. Under the contract, Xerox Business Services will manage document services at E.D.S.'s worldwide network of data print centers, which provide high-volume printing, microfilm, mail and distribution services to large corporate customers.
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U S WEST FORMS ALLIANCE WITH BELGIAN CABLE COMPANY
Date: 22 March 1995
By Bloomberg News
Bloomberg News
U S West Inc. has entered a partnership to develop the second telecommunications company in Belgium. The partnership is with the Belgian cable television company Telenet Vlaanderen. Competition from the partnership may reduce the amount the Belgian Government receives from a planned sale of a 49 percent stake in the state-owned telephone monopoly Belgacom, analysts say. The Government hopes to raise about $2.5 billion from the sale, which will be held after legislative elections on May 21. U S West, based in Englewood, Colo., has cable ventures in Spain and Britain and mobile telephone ventures in Britain and Eastern Europe.
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TRITON GROUP REJECTS OFFER FROM KLUGE INVESTOR GROUP
Date: 22 March 1995
By Bloomberg News
Bloomberg News
Triton Group Ltd. said yesterday that it had rejected as inadequate a $37 million tender offer from an investor group led by the billionaire John W. Kluge. The group, TAC Inc., made an offer on Sunday of $1.80 a share, or $36 million, for Triton, a holding company based in San Diego. In addition to Mr. Kluge, who is president and chief executive of the Metromedia Company, the investor group includes Stuart Subotnick, a senior executive at Metromedia, and John D. Phillips, president and chief executive of Actava Group Inc., which is 25.55 percent owned by Triton. Mr. Kluge is seeking control of Triton to seal a four-way, $1 billion stock swap combining Actava and MCEG Sterling Inc. with Metromedia International Telecommunications Inc. and Orion Pictures, both of which are controlled by Mr. Kluge.
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