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)
Full Article
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)
Full Article
Suit Filed Over Leak Of Report On Mexican
Date: 16 August 2000
By Richard A. Oppel Jr
Richard Oppel
Ohio college professor Donald E Schulz is charged in Federal lawsuit with leaking secret Justice Department report linking Mexico's powerful Hank family to large-scale drug trafficking and money laundering; suit is filed by Laredo National Bancshares of Texas, which is controlled by family of Mexican billionaire Carlos Hank Gonzalez; report was cited last year in several newspapers at time when Congress was considering bill, now enacted, allowing government to freeze assets of persons labeled significant drug traffickers; report implied that Hank family was protected by Mexico's PRI political machine; Warren Rudman, acting as lawyer for Hank family, complained to Atty Gen Janet Reno about publication and Reno disavowed report (M)
Full Article
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)
Full Article
EAGLE WIRELESS TO PURCHASE CLEARWORKS.NET FOR STOCK
Date: 16 August 2000
By Bloomberg News
Bloomberg News
Eagle Wireless International Inc acquires ClearWorks.net Inc for about $137.5 million in stock (S)
Full Article
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)
Full Article
DAIMLERCHRYSLER TO LAY OFF 3,745 AT TRUCK UNIT
Date: 15 August 2000
By Bloomberg News
Bloomberg News
DaimlerChrysler To Lay Off 3,745
Full Article
COURIER WILL BUY DOVER PUBLICATIONS FOR $39 MILLION
Date: 16 August 2000
By Bloomberg News
Bloomberg News
Courier Corp agrees to buy Dover Publications for $39 million, adding special-interest books to its list of titles as it seeks buyers on the Internet (S)
Full Article
TREX MEDICAL WILL BE BOUGHT BY HOLOGIC FOR $55 MILLION
Date: 16 August 2000
By Bloomberg News
Bloomberg News
Hologic Inc acquires Trex Medical Corp, medical imaging manufacturer, for $55 million (S)
Full Article
PECO ENERGY TO BUY STAKE IN VIVENDI POWER UNIT
Date: 15 August 2000
By Bloomberg News
Bloomberg News
Peco Energy Co agrees to buy 49.9 percent of Sithe Energies Inc, North American power plant unit of Vivendi SA, for $680 million (S)
Full Article