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Date: 06 March 1997
By Frank Rich
Frank Rich
Frank Rich Op-Ed column notes that at recent US Comedy Arts Festival in Aspen, Colo, he expressed his concern to several TV executives that mammoth companies that own most of radio and TV networks will put their corporate interests ahead of news and entertainment programming (M)
Date: 06 March 1997
By Jo Thomas
Jo Thomas
Recent Dallas Morning News article cited what it said was document from Timothy J McVeigh's legal defense team, which quoted McVeigh as saying that he drove truck with bomb that killed 168 people in Oklahoma City; McVeigh's lawyer Stephen Jones at first denounced document as hoax; he now says document was faked by defense investigator as ploy to obtain information from potential witness in case (M)
Date: 06 March 1997
By Bloomberg News
Bloomberg News
Medpartners Inc agrees to buy Aetna US Healthcare's physician-management business, adding to nation's largest manager of doctors' offices; terms of acquisition of unit of Aetna Inc, the Aetna Professional Management Corp, are not disclosed (S)
Date: 05 March 1997
By Bloomberg News
Bloomberg News
Apple Computer Inc chairman Gilbert F Amelio tells employees that he will announce details on March 14 of company's long-awaited plan to cut jobs and costs; Apple is trying to reduce expenses by $400 million, or 25 percent, as its sales plummet (S)
Date: 06 March 1997
By Bloomberg News
Bloomberg News
Mobil Corp and Saudi Basic Industries Corp say they will spend $2.5 billion to double capacity of their petrochemicals ethylene project on Red Sea (S)
Date: 06 March 1997
By Bloomberg News
Bloomberg News
Weirton Steel Corp will cut 470 hourly production and maintenance jobs, or 8.8 percent of its work force, if members of Independent Steelworkers Union ratify labor agreement; struggling steelmaker will pay $7,500 bonuses to each of first 350 workers who agree to quit or retire within 60 days of ratification (S)
Date: 05 March 1997
By Bloomberg News
Bloomberg News
Greenwich Street Capital Partners Inc, private equity fund, agrees to buy Telex Communications Group, closely held maker of multimedia communications products, for $275 million in cash and $100 million in assumed debt (S)
Date: 06 March 1997
By Bloomberg News
Bloomberg News
Polygram NV starts television production division in Los Angeles, Calif, expanding its foray into movies and television; Polygram Television will expand Polygram's ability to produce a range of TV shows for broadcast networks, cable television and international syndication (S)
Date: 06 March 1997
By Bloomberg News
Bloomberg News
Tiffany & Company reports earnings for fiscal fourth quarter rose 40 percent, exceeding analysts' estimates; says net income increased to $35.8 million, or $1 a share, on fully diluted basis, from $25.5 million a year earlier (S)
Date: 05 March 1997
By Bloomberg News
Bloomberg News
SFX Broadcasting Inc completes acquisitions of three radio stations in Texas and Connecticut for combined $66 million; company buys KQUE-FM and KNUZ-AM in Houston for about $41 million from Texas Coast Corp, and WWYZ-FM in Hartford for $25 million from Gilmore family (S)