Updates/Media and Technology; CBS Offering $1,000 For Network News Tips
Date: 06 October 1997
By Leslie Eaton
Leslie Eaton
CBS News is offering to pay print journalists up to $1,000 for tips that lead to reports on its network news broadcast or on network news magazines (S)
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Seeing Politics, and Mirrors, In the Coverage of Capitol Hill
Date: 06 October 1997
By Melinda Henneberger
Melinda Henneberger
Growing number of news outlets, including two highly competitive newspapers, several faxed newsletters and new on-line publications, offer almost instantaneous updates to and about Congress, quickening already frenetic pace of Congressional coverage; expansion has gone well beyond what was thought market would bear, with lobbyists willing to pay relatively high advertising rates to appeal to readers who make laws; drawing; photo (M)
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Updates/Media and Technology; 4 British Cable Channels Enlisted Against B Sky B
Date: 06 October 1997
By Leslie Eaton
Leslie Eaton
Time Warner's Warner Brothers studio agrees to supply films for four British cable television companies that plan to create pay-per-view movie channels; cable systems seek to compete with News Corp's British Sky Broadcasting, which responds with own plan for pay-per-view channels; four cable companies are Telewest Communications, NTL Inc, General Cable and Diamond Cable (S)
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Abroad at Home; Reno's Common Sense
Date: 06 October 1997
By Anthony Lewis
Anthony Lewis
Op-Ed column by Anthony Lewis praises Atty Gen Janet Reno for rejecting demands for appointment of independent counsel to investigate how money was raised for Pres Clinton's 1996 campaign; says her letter to Rep Henry Hyde offered lesson on difference between politics and law--and between journalism and law; says Americans do not want criminal investigations to be launched on basis of speculation or anonymous charges in press, nor do they want to make giving access to political contributors a crime (M)
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CREATIVE IS IN TALKS TO BUY CAMBRIDGE SOUNDWORKS
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Creative Technology Ltd is in talks to buy Cambridge Soundworks Inc; Creative owns 25 percent of Cambridge Soundworks' stock (S)
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COGNEX AGREES TO BUY APPLIED INTELLIGENT SYSTEMS
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Cognex Corp offers to buy Applied Intelligent Systems Inc for $105 million in stock (S)
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PUBLISHER SAYS IT WILL REPORT A LOSS AND TAKE A CHARGE
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Reader's Digest Assn expects loss in its first fiscal quarter because of weak sales and negative impact of dollar's strength on overseas revenue; will take pretax charge of $70 million to discontinue some businesses and cover severance costs for job cuts in Europe and United States (S)
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2 BIOTECHNOLOGY COMPANIES, ALZA AND ALKERMES, IN DEAL
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Alza Corp says it will pay Alkermes Inc $10 million to help company develop its agent to ease delivery of tumor drugs to the brain, and possibly $50 million more pending further studies of agent and regulatory approval; in exchange, Alza will receive option to exclusively market the drug, RMP-7, worldwide (S)
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ARCO CHEMICAL TO TAKE $116 MILLION CHARGE
Date: 07 October 1997
By Bloomberg News
Bloomberg News
ARCO Chemical Co unit of Atlantic Richfield will take third-quarter charge of $116 million for plant closings, job cuts and write-offs as part of plan to reduce costs and raise its stock price (S)
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WESTERN PACIFIC AIRLINES SEEKS BANKRUPTCY PROTECTION
Date: 07 October 1997
By Bloomberg News
Bloomberg News
Western Pacific Airlines files for bankruptcy protection a week after scrapping plans to buy Frontier Airlines Inc; is talking to unidentified investor about providing debtor-in-possession financing, intended for companies in bankruptcy court proceedings; suggests it might sue four directors who resigned abruptly on Oct 3, which raised speculation about impending bankruptcy and caused airline's market share to drop more than 60 percent (S)
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