Giuliani Pressures Time Warner to Transmit a Fox Channel
Date: 04 October 1996
By Mark Landler
Mark Landler
Giuliani administration thrusts itself into middle of rancorous dispute between Time Warner and Rupert Murdoch by asking for permission to carry Fox Broadcasting's new 24-hour news channel on public-access cable channel city controls; Time Warner immediately rejects request; but city officials say they are not ready to give up, raising prospect of showdown between City Hall and New York's dominant cable television provider, whose franchise agreement with city is up for renewal in 1998 (M)
Full Article
At WCBS, Ratings Were Bottom Line
Date: 04 October 1996
By Lawrie Mifflin
Lawrie Mifflin
Abrupt dismissal of seven anchors and reporters from WCBS-TV not only shocks industry colleagues and viewers, but also illuminates intense pressure for ratings among television stations competing in enormously lucrative local news market; pressure is especially strong at WCBS, because it is flagship station of network that has long prided itself on its news tradition, and because that network's new owner, Westinghouse Electric Corp, wants to see higher profits from its station in nation's biggest market; in New York, Channel 2's 6 PM and 11 PM newscasts attract less than half the viewers of those on WABC-TV or WNBC-TV, its network rivals; and at 11 PM, Channel 2 news usually finishes behind Seinfeld reruns on Channel 11 and Jenny Jones talk show on Channel 9 (M)
Full Article
Use of Daily Election Polls Generates Debate in Press
Date: 04 October 1996
By James Bennet
James Bennet
Debate over use and accuracy of political polls continues, as CNN and USA Today try to explain why Pres Clinton led Bob Dole by only nine points on Sept 28, and by 25 points on Oct 1; polls do provide useful guide to public opinion, but some journalists argue that colleagues are using them not to chart trends but for specific standings, like baseball box scores (S)
Full Article
INTERLAKE SELLING ITS PACKAGING UNIT
Date: 03 October 1996
By Bloomberg News
Bloomberg News
The Interlake Corp agrees to sell its packaging businesses to Samuel Manu-Tech Inc; terms not disclsoed (S)
Full Article
KIRCH GROUP TO BUY 7.5% OF NEW REGENCY PRODUCTIONS
Date: 04 October 1996
By Bloomberg News
Bloomberg News
Kirch Group of Germany, controlled by media entrepreneur Leo Kirch, says it will buy 7.5 percent of New Regency Productions for about $64 million; Kirch will join Kerry Packer and Korean conglomerate Samsung Electronics as New Regency's largest investors (S)
Full Article
WELLPOINT MAY BUY JOHN HANCOCK'S HEALTH UNIT
Date: 04 October 1996
By Bloomberg News
Bloomberg News
Wellpoint Health Networks Inc may be buying John Hancock Mutual Life Insurance Co's health insurance business as part of expansion that could include more acquisitions; price not disclosed (S)
Full Article
NEW OFFICER NAMED AT PUERTO RICO BOTTLER
Date: 03 October 1996
By Bloomberg News
Bloomberg News
Pepsi-Cola Puerto Rico Bottling Co names John W Beck new chairman and says its former chairman and chief executive, Charles Beach, has given up control of the company; the concern is a bottler for Pepsico, which does not have a stake in the company (S)
Full Article
NEXTEL TO PURCHASE PITTENCRIEFF COMMUNICATIONS
Date: 04 October 1996
By Bloomberg News
Bloomberg News
Nextel Communications Inc says it will buy Pittencrieff Communications Inc for $159 million in stock (S)
Full Article
CHATEAU PROPERTIES REJECTS SWEETENED BID
Date: 04 October 1996
By Bloomberg News
Bloomberg News
Chateau Properties Inc says it rejected offer by Sam Zell's Manufactured Home Communities Inc to sweeten terms of his $387 bid for company; Chateau says it has decided to proceed with plan to merge with ROC Communities Inc, which Chateau agreed to buy in stock swap last July (S)
Full Article
SHARES IN DSC DROP 19% ON LOW SALES REPORT
Date: 03 October 1996
By Bloomberg News
Bloomberg News
Shares of DSC Communications Corp drop almost 19 percent after company says its third-quarter sales and earnings would not meet analyst estimates because of useless inventory and slow orders (S)
Full Article