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Shift at Financial News

Date: 22 May 1986

Financial News Network Inc. said yesterday that Paul Steinle, president and chief operating officer, would step down this summer to start his own company, Steinle Communications Inc. Mr. Steinle, 47 years old, joined the network in 1983 as vice president for programming and production, and was named president in 1984. A spokesman for the company said that Mr. Steinle would remain a director of Financial News, a cable network specializing in financial news and information that reaches 21 million households.

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NEWS SUMMARY: FRIDAY, MAY 23, 1986

Date: 23 May 1986

International NATO backed chemical-weapons production by the United States. Several countries were sharply critical, but defense ministers approved a list of American goals that include an end to a 17-year ban on production of the weapons. [ Page A1, Column 3. ] Nicaraguan rebels are debating how to broaden the appeal of their movement and to assure civilian control of military guerrilla units, according to rebel and Congressional sources. The debate is spurred by the perception that the main rebel army is dominated by former soldiers of the country's deposed dictator, Anastasio Somoza Debayle. [ A1:5. ] A former Libyan diplomat died in a slaying this month in an East Berlin park, officials in Bonn said. There were unconfirmed reports that the man was acting as an informer for the authorities investigating terrorist attacks in West Berlin. [ A1:4-6. ] Artillery duels raged in Beirut for the second straight day. Officials said the clashes between Moslem and Christian gunners brought casualties to 40 killed and 110 wounded since the fighting, termed the worst civil warfare in the city in months, erupted Wednesday afternoon. [ A9:1. ] Egypt and Jordan leaders discussed the Gaza strip in a recent meeting, according to Arab and Israeli officials. They said the countries' chiefs studied a proposal for Egyptian-backed Palestinian self-rule in the occupied territory. [ A3:1-3. ] National The House voted to revise trade laws despite President Reagan's opposition. The bill, passed by a vote of 295 to 115, would require the President to take more vigorous actions against trading partners that subsidize imports to this country or prevent American goods from entering their own markets.

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NEWS SUMMARY: THURSDAY, MAY 22, 1986

Date: 22 May 1986

International The President, upholding arms sales to Saudi Arabia, vetoed a Congressional resolution that would block them. A threatened filibuster by legislators opposed to the sale of the advanced weapons to the Saudis forced the Senate to postpone a vote on overriding the President's veto until next week. [ Page A1, Column 6. ] Israel sought a U.S. mission to the Middle East led by Secretary of State George P. Shultz. A special envoy of Prime Minister Shimon Peres asked for the visit to ease Israeli-Egyptian tensions and revive long-stalled Middle East peace efforts. Mr. Shultz was noncommital. [ A1:4. ]

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C.I.A. WEIGHS ACTION ON WASHINGTON POST ARTICLE

Date: 22 May 1986

By Philip Shenon, Special To the New York Times

Philip Shenon

The Central Intelligence Agency is considering whether to take action against The Washington Post for an article about a classified intelligence-gathering operation involving American submarines, the White House said today. ''It is presently being analyzed by the C.I.A. to see if they have any specific problems with it,'' Larry Speakes, the White House spokesman, said of the article. The article, which appeared in the Wednesday issue of The Post, indicated that a former National Security Agency employee on trial for spying, Ronald W. Pelton, had compromised an intelligence operation that used a ''high-technology device'' to monitor Soviet communications. The article provided some new detail about Mr. Pelton's purported activities. It said that, according to unnamed sources, the interception device purportedly used against the Soviet Union had been retrieved by the Russians and that the United States had discovered ''physical evidence'' that the intelligence operation had been compromised. But much of the article repeated information readily available in court records.

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ATLANTIC MONTHLY PRESS IS SOLD BY ZUCKERMAN

Date: 22 May 1986

By Edwin McDowell

Edwin McDowell

The Atlantic Monthly Press, one of the dwindling number of independent book publishers, has been purchased from Mortimer Zuckerman by Carl Navarre Jr., a 34-year-old businessman and writer from Chattanooga, Tenn. Mr. Zuckerman, president of Boston Properties, will continue to own and publish The Atlantic magazine, the literary monthly, as well as U.S. News & World Report. Press Was About to Be Sold Financial details of the transaction were not disclosed. But Mr. Navarre made his successful bid for the press when it was on the verge of being sold to Mondadori, the Italian publishing house that is looking to expand into the United States.

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Chairman of Ingersoll Is Building on Tradition

Date: 23 May 1986

By Daniel F. Cuff and Eric Schmitt

Daniel Cuff

Someone interested in a publishing career might feel intimidated if his father had been publisher of Time magazine, managing editor of The New Yorker and a major influence in founding Life and Fortune magazines. Not Ralph Ingersoll 2d. Mr. Ingersoll is chairman of the Ingersoll Publications Company, a concern that his father started in 1957 but which the younger Ingersoll built into an empire of 114 small daily and weekly papers. On Wednesday, Ingersoll Publications paid $170 million in cash to outbid several competitors, including the Hearst Corporation, Newhouse Newspapers and Affiliated Publications, which owns The Boston Globe, for the two family-owned New Haven papers.

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2 New Haven Papers Sold

Date: 22 May 1986

The Ingersoll Publications Company, a nationwide chain of newspapers, acquired the two New Haven dailies yesterday, ending a family-controlled operation that began in 1895. Lionel S. Jackson Sr., chairman of the New Haven newspapers, said that the price was $170 million.

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ALL ABOUT LEAKS

Date: 22 May 1986

By Leslie H. Gelb

Leslie Gelb

The anonymous passing of information from Government to journalist, or what is sometimes called ''the leak,'' may be the most misunderstood activity in the pursuit of power and policy-making. It occurs not only at the top of Government, or only by dissidents, by left-wingers or right-wingers, or by legislators, as opposed to Administration officials. It is not merely a weapon in internal policy debates, or just informational, or principally gossip. It is not simply something officials give to reporters or something reporters dig out on their own. It is not only knowledge that would damage the national interest or an official's reputation, or enlighten and advance the people's right to know. ''The leak'' is all these and more. The practice is taking on significance once again as the Reagan Administration tries to crack down by carrying out lie-detector tests and dismissing those in the Administration suspected of such disclosures. And as William J. Casey, Director of Central Intelligence, is threatening news organizations with prosecution under espionage laws for publishing secret data given out on communications intelligence or intercepts.

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ADMINISTRATION FAULTED FOR CURBING COMMENT ON CHERNOBYL

Date: 22 May 1986

By Stuart Diamond

Stuart Diamond

The Reagan Adminstration, which criticized the Soviet Union for withholding details of its reactor accident, is itself being criticized for ordering curbs on comments to the press about the disaster April 26. Representative Edward J. Markey, Democrat of Massachusetts, made public two internal Department of Energy memorandums this week in which its contractors and employees were told to avoid commenting or speculating on the accident at the Chernobyl unit, and to forward calls to public affairs or an interagency group. A similar memo by the Nuclear Regulatory Commission was read to The New York Times by an agency spokesman, and an Agriculture Department memo to the same effect was mailed anonymously to The Times. Agency officials said the memorandums were intended to limit alarm and conflicting information on the accident's causes and effects, and to avoid friction with the Soviet Union.

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NEW HEAD FOR OPERA GUILD

Date: 22 May 1986

The Metropolitan Opera Guild has announced that Alton E. Peters will become the organization's ninth president. He will succeed Katherine T. O'Neil, who has served as president for the last seven years. Thomas J. Hubbard has been elected the guild's new chairman; he will replace Laurence D. Lovett.

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