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12th of January 2000 News
Novice, kot so bile prikazane na prvi strani New York Timesa na 12. januar 2000
On CBS News, Some of What You See Isn't There
Date: 12 January 2000
By Alex Kuczynski
Alex Kuczynski
CBS television news programs are using digital images imposed over real objects like competitors' signs to transmit program logos to viewers; CBS Evening News broadcast live from Times Square on New Year's Eve showed billboard behind Dan Rather that was actually digital image covering NBC sign; photo of logo of The Early Show superimposed on General Motors building where show is broadcast; inserting digital images has become common in sports and entertainment programming to show advertising and corporate logos, but has been considered inappropriate for news shows; CBS defends its ethics; news director Eric Shapiro says Rather knew about use of virtual technology during his broadcast (M)
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Established Media Companies Are Nervous in Wake of Pact
Date: 12 January 2000
By Felicity Barringer
Felicity Barringer
Established media companies are nervous in wake of America Online's acquisition of Time Warner Inc, old media company; executives of older media companies are proclaiming that value of their information has been vindicated; News Corp chairman Rupert Murdoch is reported saying that he has ruled out buying or merging with Internet company, but when company's stock falls, spokesman for Murdoch issues clarification, saying that News Corp would consider any deal that is good for enterprise and its shareholders; New York Times Co president-chief executive Russell T Lewis says AOL-Time Warner deal validates time-tested notion that content is critical to success in any medium, including the Internet; says this is consistent with our strategy of providing high-quality news, information and interaction (M)
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Questions Abound as Media Influence Grows for a Handful
Date: 13 January 2000
By Laurence Zuckerman
Laurence Zuckerman
Analysis of America Online-Time Warner proposed merger focuses on media influence that has grown for handful of companies; says public debate over power of Big Media seems to have grown quieter since 1980's, even as industry has become increasingly concentrated; holds critics cite power of media companies themselves to shape public debate on issue, largely by ignoring it; says critics also say Wall Street is not likely to stop trend since it, along with top media executives, profits handsomely from corporate deals; holds politicians in Washington are also unlikely to act, for fear of alienating large media owners and losing large campaign contributions; consumer advocate Ralph Nader says he is dismayed by America Online-Time Warner deal; photo (M)
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Editorial Observer; Does It Matter Who Owns What?
Date: 13 January 2000
By Verlyn Klinkenborg
Verlyn Klinkenborg
Editorial Observer by Verlyn Klinkenborg on his reservations about AOL-Time Warner merger; says layers of potential conflict in new world of news gathering are enormous, and wonders who will remember who owns whom and where ethical lines must be drawn; says another, subtler risk is that sheer size of this corporation will take toll on creativity, in content or business operations, all the way down the line; says this merger represents move toward uniformity and away from diversity, toward globalization of consumerist, mass culture that is best purveyed by globalized mass corporations (M)
Full Article
COLUMBUS McKINNON CONSIDERS SELLING COMPANY
Date: 12 January 2000
By Bloomberg News
Bloomberg News
Columbus McKinnon Corp hires investment bank Bear, Stearns & Co to help it explore options, including possible sale or merger, to help raise its lagging stock price (S)
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CORNING TO SELL SHARES TO PAY FOR ACQUISITION
Date: 12 January 2000
By Bloomberg News
Bloomberg News
Corning Inc plans to sell 13 million shares to pay for its $1.4 billion acquisition of fiber optic businesses of Siemens AG (S)
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INTERNATIONAL PAPER TO CUT 2,000 MORE JOBS
Date: 12 January 2000
By Bloomberg News
Bloomberg News
International Paper Co will eliminate 2,000 more jobs, about 2 percent of its work force, and take fourth-quarter charge of $111 million for cost-cutting move; also expects to close unprofitable plants or ones that make products already in excess supply (S)
Full Article
COMPANIES TO INVEST IN INTERMEDIA AND ITS DIGEX WEB UNIT
Date: 13 January 2000
By Bloomberg News
Bloomberg News
Intermedia Communications Inc is getting $300 million in investments from Microsoft Corp, Compaq Computer Corp and Kohlberg Kravis Roberts & Co to help it expand its telephone and Web services; Microsoft and Compaq will each buy $50 million stake in Intermedia's 81 percent-owned Digex unit, which manages Web sites for other companies (S)
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IOWA INSURER AGREES TO BUY INDIANAPOLIS LIFE INSURANCE
Date: 13 January 2000
By Bloomberg News
Bloomberg News
American Mutual Holding Co, life insurer in Iowa owned by policyholders, agrees to buy Indianapolis Life Insurance Co for $368 million in cash and stock; American Mutual will convert to shareholder-owned company later this year (S)
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ENRON AND NORTHERN BORDER BUY STAKE IN CMS ENERGY
Date: 12 January 2000
By Bloomberg News
Bloomberg News
Enron Corp and Northern Border Partners LP acquires 49 percent stake in gas-gathering system in northeastern Wyoming from CMS Energy Corp for $65 million; Enron will own 10 percent and Northern Border 39 percent of 100-mile system of pipes that collect gas from wells in Powder River Basin (S)
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DELTA TO BUY BACK STOCK AND TAKE CHARGE FOR AIRCRAFT
Date: 13 January 2000
By Bloomberg News
Bloomberg News
Delta Air Lines Inc will buy back as much as $500 million of its shares and take pretax $320 million second-quarter charge for early retirement of 24 aircraft (S)
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