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Mayor Moves To Curb Newsletter

Date: 03 December 1995

By Ramin P. Jaleshgari

Ramin Jaleshgari

THE official newsletter of the Village of Head of the Harbor, Harbor Views, is a tiny publication with big problems. Serving the 1,400 residents of this North Shore community, the newsletter has been quietly published with tax money for two years. But a new editorial staff is fighting attempts by Mayor Daniel Shybunko to censor it. The publication mainly prints details about village government, often letters from the mayor and reports on resolutions. The coverage includes findings of panels and other committees that research local concerns.

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Votes in Congress

Date: 03 December 1995

Tally Last Week in Connecticut, New Jersey and New York House 1. Lobbying: Vote on an amendment to a lobbying reform bill intended to prohibit efforts by the executive branch to mobilize public support for legislation. Rejected 238 to 190, Nov. 28.

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NEWS SUMMARY

Date: 02 December 1995

International 3-5

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NEWS SUMMARY

Date: 03 December 1995

International 3-21

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COMPANY NEWS;TRUBUNE IS SUED BY LEARNING COMPANY

Date: 02 December 1995

Reuters

The Learning Company said yesterday that it had sued the Tribune Company, accusing it of violating securities laws as a "strategic partner" of Softkey International Inc. The move comes a day after Tribune agreed to invest $150 million in Softkey if Softkey is successful in its hostile bid for the Learning Company. Softkey also agreed to acquire Compton's New Media Inc. from Tribune for stock valued at $106.5 million. The lawsuit, filed in a Federal district court in California, contends that Tribune failed to disclose to the Securities and Exchange Commission its participation in Softkey's bid. The lawsuit also contends that Tribune improperly disclosed confidential information about the Learning Company to Softkey. Tribune representatives could not be reached for comment. (Reuters)

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COMPANY NEWS;COLUMBIA INTERNATIONAL TO SELL CABLE SYSTEMS

Date: 02 December 1995

Bloomberg Business News

Bloomberg News

Columbia International Inc., a cable company in Greenwich, Conn., said yesterday that it had agreed to sell all of its cable systems, with 277,000 subscribers, to three companies: Tele-Communications Inc., Jones Intercable Inc. and Continental Cablevision Inc. The price was around $580 million, according to a person close to the transaction. Columbia, a closely held company, plans to distribute some of the cash to its investors and make new investments in the media industry. Tele-Communications is buying systems with 150,000 subscribers in Oregon, Washington and Nevada. Jones Intercable is buying a 50,000-subscriber system in Prince William County, Va. Continental Cable is picking up 77,000 subscribers in Ann Arbor and Brighton, Mich. (Bloomberg Business News)

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COMPANY NEWS;CINCINNATI MICROWAVE SHARES SLIDE AS MUCH AS 33%

Date: 02 December 1995

Bloomberg Business News

Bloomberg News

Shares of Cincinnati Microwave fell as much as 33 percent yesterday after the company said that John Noland, chief operating officer, was resigning, effective immediately. Mr. Noland left to pursue other business interests, the company said. It did not elaborate. Mr. Noland and other executives have been named in four shareholder lawsuits filed against the company, a maker of wireless communication devices, in the last two months, according to a filing with the Securities and Exchange Commission. Company officials could not be reached for comment. (Bloomberg Business News)

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COMPANY NEWS;CISCO BUYING A 4.4% STAKE IN OBJECTIVE SYSTEMS

Date: 02 December 1995

Bloomberg Business News

Bloomberg News

Cisco Systems Inc. said yesterday that it had bought a 4.4 percent stake in Objective Systems Integrators Inc., a software company whose stock had a spectacular rise its first day of trading yesterday. Cisco, the biggest maker of computer network equipment, said the companies would develop software to help manage complex computer networks of telecommunications companies. Cisco, based in San Jose, Calif., bought 1.3 million shares of Objective Systems at the initial public offering price of $19 a share. Objective Systems writes Netexpert, a family of computer programs that help engineers control the flow of information through telecommunications networks. (Bloomberg Business News)

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COMPANY NEWS;HFS FORMS VENTURE WITH INSIGNIA FINANCIAL GROUP

Date: 02 December 1995

Bloomberg Business News

Bloomberg News

HFS Inc., the world's largest hotel and real estate brokerage franchiser, said yesterday that it had formed a venture with Insignia Financial Group Inc. to provide various services to the tenants and others associated with Insignia, a manager of apartment properties. As part of the agreement, HFS said it would buy about 500,000 shares, representing about 4 percent of the stock of Insignia, the nation's largest apartment manager. Insignia's stock was up $4.125, or 13 percent, to $34, on the New York Stock Exchange. The stock of HFS, which owns the Century 21 chain of realtors, was up $1.875, at $71.125 yesterday. (Bloomberg Business News)

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WORLD NEWS BRIEFS;Aristide Plans to Marry A Former Speechwriter

Date: 02 December 1995

By The New York Times

President Jean-Bertrand Aristide acknowledged today that he plans to marry. "I can't say no to you," Mr. Aristide said at a news conference when asked about widespread rumors that he may marry. "As far as the date is concerned, I don't have one yet."

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