Times Mirror Tells of Plan To Sell Assets
Date: 04 September 1999
By Felicity Barringer and Alex Kuczynski
Felicity Barringer
Times Mirror Co announces plans to sell its underperforming assets, including training company Achieve Global, health information company Stay Well, and Allen Communication, interactive software company; move would further whittle away those parts of company not directly related to business of publishing newspapers and magazines; The Sporting News is put on the block; Times Mirror also announces it is buying back about 17 percent, or 12.4 million shares, of its 70 million common shares outstanding, from trusts set up by founding family, the Chandlers; Thomas Unterman, chief financial officer, will step down from that post at end of year to become principal of general partner TMCT Ventures, venture-capital arm of TMCT, limited liability company with $2.67 billion in assets to invest--half of assets contributed by family trusts and half by Times Mirror (M)
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In Russia, a Power Play Acted Out on Television
Date: 05 September 1999
By Celestine Bohlen
Celestine Bohlen
Russian television channel controlled by Boris A Berezovsky, ally of Pres Boris N Yeltsin, plans weekly news program whose host, Sergei Dorenko, is known for attacks on political opponents; program will be aired at same time as long-running weekly program hosted by Yevgeny Kiselyov on channel controlled by Vladimir Gusinsky, who has recently broken with Yeltsin's dwindling team; head-to-head competition is latest skirmish in media war linked to political power struggle; Dorenko recalls both channels scheduled their news programs to avoid competition when both backed Yeltsin, interview; photo (M)
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The Way We Live Now: 9-5-99: Shop Talk; Pressures of The Press
Date: 05 September 1999
Jonathan Fenby, former editor of The South China Morning Post, and Hamid Reza Jalaipur, publisher of Neshat, Teheran-based newspaper, describe what it is like to put out newspaper where press is not free; Fenby was fired for his independent reporting on Chinese Government and Jalaipur was jailed for printing editorial critical of Iranian Government (M)
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French Magistrates Clear Photographers in Death of Diana
Date: 04 September 1999
By Marlise Simons
Marlise Simons
French judges dismiss all charged against nine photographers and a press motorcyclist who were being investigated for their role in Paris car crash that killed Diana, Princess of Wales, in Aug 1997; say accident was fault of car's drunken driver, Henri Paul (M)
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ADVANCED TECHNICAL TO BE BOUGHT BY VERITAS CAPITAL
Date: 04 September 1999
By Bloomberg News
Bloomberg News
Advanced Technical Products Inc agrees to be bought by Veritas Capital Fund LP for $135 million in cash and assumed debt (S)
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SEAGATE TECHNOLOGY TO REORGANIZE SOFTWARE UNIT
Date: 04 September 1999
By Bloomberg News
Bloomberg News
Seagate Technology Inc will revamp its software unit; will buy 6.5 percent of its Seagate Software unit it does not own for eight million shares, or about $280 million, and take charge against earnings of $216 million; company will gain full control of 61 million shares of Veritas Softare Corp held by unit, valued at about $4 billion (S)
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DIGITAL LINK FOUNDER SEEKS REST OF SHARES
Date: 04 September 1999
By Bloomberg News
Bloomberg News
Digital Link Founder Seeks Rest of8
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AUTOCYTE SHARES RISE AFTER AETNA ANNOUNCEMENT
Date: 04 September 1999
By Bloomberg News
Bloomberg News
Shares of Autocyte Inc jump after Aetna Inc, biggest US health insurer, says it will pay claims for use of Autocyte's Pap smear technology; Aetna says it will reimburse customers for Pap smear systems made by Autocyte, Cytyc Corp and Neopath Inc; smears are used to detect cervical cancer (S)9
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WESTERN WIRELESS PURCHASES THREE NEW LICENSES
Date: 04 September 1999
By Bloomberg News
Bloomberg News
Western Wireless Corp agrees to pay $195 million for wireless telephone licenses in Texas, Arkansas and Utah; is buying licenses from KO Communications Inc, Netwireless LLC and American Rural Cellular Inc (S)
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