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30th of March 1995 News
Novice, kot so bile prikazane na prvi strani New York Timesa na 30. marec 1995
Murdoch Publishing Unit Sells Mirabella to Hachette
Date: 31 March 1995
By Lawrie Mifflin
Lawrie Mifflin
Mirabella, adrift as a women's magazine in Rupert Murdoch's television and newspaper empire, has been acquired by Hachette Filipacchi Magazines, where it will be transformed from a monthly to a six-times-a-year publication. The announcement was made yesterday by David J. Pecker, president and chief executive of Hachette, and Leslie Hinton, chief executive of News America Publishing Inc., a division of Mr. Murdoch's News Corporation. News America had put Mirabella up for sale a week ago, saying if it was not sold the May issue would be its last. The purchase price was not disclosed.
Full Article
Argentine President Discourages New Revelations on 'Dirty War'
Date: 30 March 1995
By Calvin Sims
Calvin Sims
In a radio interview President, Carlos Saul Menem has called on former military torturers and murderers to confess to priests and not to "rub salt in old wounds" by publicly recounting their deeds. "Publicly coming forward to give testimony is a way of returning to a horrible past that we are trying to forget," he said. Mr. Menem, who is running for re-election in May, accused "some of the media" of playing up recent revelations by a former navy captain, Adolfo Scilingo, who said the military disposed of hundreds of political prisoners by throwing them, alive but unconscious, into the ocean from aircraft.
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G.O.P. Mobilizes for Contract Deadline
Date: 30 March 1995
By Robin Toner
Robin Toner
As the first 100 days of their revolution draw to a close, House Republicans are busily planning how to package their accomplishments for the voters. As a result, coming soon to a media outlet near you: One Hundred Days. A story of promises made and promises kept. Of hard work and real change. Of a Contract With America, and the men and women who delivered on it. It is all part of an elaborate communications strategy to allay an abiding Republican fear: that a disengaged public has yet to get the message of how much was accomplished in the past three months. House Republicans say they are proud of their output, frustrated at their failure so far to get their story across in the news media, but are determined to try, in the next few weeks, to get the full historic credit that they believe they are due.
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At Home Abroad; Time Marches On
Date: 31 March 1995
By Anthony Lewis
Anthony Lewis
Those of us who live by freedom of the press must recognize that sometimes the freedom can be perverted into arrogance. A media giant does cruel injustice to an individual -- and then uses its power to try to keep the victim from repairing the damage. A particularly distasteful example is presented by a case now in the English courts. It involves the American media colossus Time Warner and its news magazine, Time.
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HOST MARRIOTT CONSIDERING SPINOFF OF CONCESSIONS UNIT
Date: 30 March 1995
By Bloomberg News
Bloomberg News
The Host Marriott Corporation said yesterday that it was considering a spinoff of its food concession division. Host Marriott, based in Bethesda, Md., the owner of hotels and food and merchandise concessions, expects the stock market may value the businesses more as separate entities, Stephen Bollenbach, president and chief executive, said on Tuesday. A spinoff would also make the businesses easier to understand for potential investors, he said. The concessions business operates food and merchandise concessions, including franchised Pizza Hut, Sbarro's and Taco Bell restaurants along toll roads, at airports and at tourist attractions.
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JOHN ALDEN TO TAKE A $9.7 MILLION CHARGE
Date: 31 March 1995
By Bloomberg News
Bloomberg News
The John Alden Financial Corporation said yesterday that it would take a $9.7 million charge against last year's fourth-quarter earnings for unexpected losses in its health care operation. It will restate its fourth-quarter net income to $9.2 million, or 34 cents a share, from $18.9 million, or 72 cents. Its fourth-quarter profit will drop to $11.6 million, or 43 cents a share, from $21.3 million, or 81 cents. The life and health insurer also said it expects a first-quarter profit of 75 cents to 80 cents a share. Shares of John Alden, based in Miami, fell $1.625, to $29.625 on the Nasdaq. Trading was halted at 3:30 P.M. at the company's request after the price started to drop.
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SUNBEAM-OSTER STOCK FALLS ON EARNINGS UNEASE
Date: 31 March 1995
By Bloomberg News
Bloomberg News
The stock of the Sunbeam-Oster Company fell yesterday after the company, which makes blenders and other consumer goods, said it expected first-quarter earnings to fall below analysts' estimates of 39 cents a share. The stock closed down $1, to $23, on the New York Stock Exchange. Sunbeam-Oster, of Fort Lauderdale, Fla., said it expected first-quarter net income of 35 cents to 37 cents a share, up from 34 cents a year earlier. Revenue is expected to increase by 6 percent to 8 percent. The company did not specifically say why results would fall below expectations, but said Mexican sales will be lower this quarter than a year ago because of poor economic conditions.
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F.T.C. APPROVES IVAX-ZENITH LABORATORIES MERGER
Date: 31 March 1995
By Bloomberg News
Bloomberg News
The Federal Trade Commission gave its final approval yesterday to a consent agreement allowing the merger of the Ivax Corporation and Zenith Laboratories Inc., creating the world's largest maker of generic drugs. Ivax, based in Miami, completed the $600 million purchase of Zenith, a rival based in Northvale, N.J., at the end of December. The F.T.C. had been concerned about the merger because the companies were vigorous competitors in the market for a widely used generic heart drug, extended-release verapamil. Under terms of the consent agreement, Ivax is restricted from acquiring any interest in a company that makes verapamil or entering into an arrangement to distribute the drug for another manufacturer.
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COCA-COLA TO ACQUIRE BARQ'S, A ROOT BEER MAKER
Date: 30 March 1995
By Bloomberg News
Bloomberg News
In a move to enter the fast-growing root beer market, The Coca-Cola Company signed a preliminary agreement yesterday to acquire Barq's Inc., the nation's eighth-largest beverage company. Coca-Cola, based in Atlanta, is the world's largest soft-drink maker. It did not disclose terms of the acquisition, which would be the company's first purchase of a United States beverage maker since it acquired Minute Maid 35 years ago.
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JAMES RIVER HOLDERS TO GET COMMUNICATIONS PAPER UNIT
Date: 30 March 1995
By Bloomberg News
Bloomberg News
The James River Corporation of Virginia, based in Richmond, said yesterday that it planned to spin off its communications papers business to shareholders as part of its strategy to reduce debt and focus on its consumer products business. The move would create a company with more than $1 billion in annual sales that makes paper for publishing, business, advertising and corporate communications uses, as well as specialty packaging products.
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