News Corporation to Pay $5.3 Billion for Chris-Craft
Date: 15 August 2000
By Geraldine Fabrikant
Geraldine Fabrikant
News Corp confirms it has agreed to acquire Chris-Craft Industries, which owns 10 television stations, for about $85 a share in cash and stock; News Corp puts total price at $5.3 billion on complex purchase price, which involves buying Christ-Craft; BHC Communications Inc, company controlled by Christ-Craft; and United Television Inc, which is controlled by BHC; News Corp will own 33 stations after purchase, with two each in five cities, including New York and Los Angeles; says it will sell about $650 million worth of its stations to comply with Federal Communications Commission regulations that prohibit company's stations from reaching more than 35 percent of nation's television market (M)
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Surfing Online and on the Air, and Getting an Invigorating Buzz
Date: 14 August 2000
By Rick Lyman
Rick Lyman
Preparation by television networks for coverage of Democratic National Convention in Los Angeles discussed (M)
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Behind the Glittery Scene, Much Nothing About a Do
Date: 15 August 2000
By Rick Lyman
Rick Lyman
Article on coverage of opening night of Democratic National Convention in Los Angeles by news media (M)
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Networks may make even more cuts in convention coverage in 2004.
Date: 14 August 2000
By Peter Marks
Peter Marks
Peter Marks Media column on cuts that three major television networks are making in prime-time coverage of this year's presidential conventions and widespread expectation that coverage will be further reduced in 2004; notes that slack is being taken up by cable networks like CNN, which plans to continue gavel-to-gavel coverage; photo (M)
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Murdoch Deal Could Revamp New York TV
Date: 14 August 2000
By Bill Carter and Geraldine Fabrikant
Bill Carter
Sale of TV stations owned by Chris-Craft Industries to News Corp, owner of Fox network, is expected to be announced formally this week; $3.5 billion sale of 10 stations would give News Corp leader Rupert Murdoch ownership of two powerful TV stations in several major cities, including New York and Los Angeles; would also give him extended control of dissemination of local news in New York, where he would own both Channel 5 and Channel 9 as well The New York Post newspaper; deal raises questions about how News Corp will handle Federal Communications Commission restrictions on cross-ownership of newspapers and TV stations in same city; also throws into question what may happen to UPN network, owned by Viacom, which also bid for the Chris-Craft stations; UPN is slated to become the Paramount Network in January; Murdoch photo (M)
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Poll Finds Delegates to the Left of Both Public and Party
Date: 14 August 2000
By Adam Clymer With Marjorie Connelly
Adam With
New York Times/CBS News Poll finds most of 4,339 delegates at Democratic National Convention in Los Angeles think of themselves as moderates, but that their views on variety of major issues are more liberal than those of public, or even Democratic voters generally; finds ideological distance between Democratic delegates and rank and file is similar to gap displayed at recent Republican convention, where delegates were strikingly more conservative than ordinary Republicans or ordinary Americans; poll's findings detailed; photo (M)
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The Medium Gets The Message; TV's Monoliths Have Learned The Web Is a Fragmented World
Date: 14 August 2000
By Saul Hansell
Saul Hansell
Television's broadcast networks, despite great effort and hundreds of millions of dollars of promotion, are still also-rans on Web; traffic to their various sites badly lags behind big portals like Yahoo, America Online and Microsoft's MSN; Wall Street has all but written off broadcast companies as Internet players; publicly traded shares of NBC Internet and ABC's online cousin Walt Disney Internet Group are down more than two-thirds this year, and CBS has delayed plans to spin off its Internet operations into separate company; photos; chart of stock prices of network Internet spinoffs; chart of visits to network sites (M)
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In Summer, Italy Loves Sex Surveys; It's Just Talk
Date: 15 August 2000
By Alessandra Stanley
Alessandra Stanley
Italy is awash in annual summertime sex surveys, which fill vacuum of political intrigue and soccer championships; while no country is exempt from weakness for news stories about sun and sexuality, Italy is perhaps one most adept at crafting bold headlines from slimmest scientific findings (M)
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EIEIHOME.COM TO BUY WIRELESS STOCK XCHANGE
Date: 15 August 2000
By Bloomberg News
Bloomberg News
EieiHome.com Inc acquires Wireless Stock Xchange Inc for about $255.8 million in stock to add services for refurbishing cellular phones (S)
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DAIMLERCHRYSLER TO LAY OFF 3,745 AT TRUCK UNIT
Date: 15 August 2000
By Bloomberg News
Bloomberg News
DaimlerChrysler To Lay Off 3,745
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