TV Notes; The News Race
Date: 15 October 1997
BY Lawrie Mifflin
Lawrie Mifflin
CBS Evening News with Dan Rather finishes second in total viewers and almost ties ABC's World News Tonight in households in latest ratings week; ratings for NBC's Nightly News, clear ratings leader, represent two-day average because other three weeknights were pre-empted in much of country by baseball playoff coverage (S)
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MEDIA GENERAL WILL ACQUIRE 3 NEWSPAPERS
Date: 14 October 1997
By Dow Jones
Dow Jones
Media General Inc will acquire The Herald-Courier in Bristol, Va, The Washington County News of Virginia and The Sullivan County News of Tennessee for about $91.2 million (S)
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TRANSWORLD HEALTHCARE WILL PURCHASE APRIA
Date: 14 October 1997
By Bloomberg News
Bloomberg News
Transworld Healthcare Inc and its largest stockholder, Hyperion Partners, offer to buy Apria Healthcare Group Inc for about $950 million in cash and stock plus assumed debt (S)
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EQUITABLE RESOURCES IN $80.6 MILLION DEAL WITH CHEVRON
Date: 15 October 1997
By Bloomberg News
Bloomberg News
Equitable Resources Inc buys two different oil and gas fields from Chevron Corp for $80.6 million and sells five properties in Western US and Canada for $175 million; Equitable Resources buys two fields already in production in waters off Louisiana Gulf Coast (S)
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FOUNDATION CUTS 6% OF WORKERS AT 9 HOSPITALS
Date: 14 October 1997
By Bloomberg News
Bloomberg News
Allegheny Health, Education and Research Foundation dismisses 6 percent of its workers at nine hospitals in Delaware Valley, cutting about 1,200 jobs as it seeks to reduce costs; also says it has cut compensation for all of its executives by average of more than 20 percent, as it will seek to reward highly productive faculty and reduce compensation for others (S)
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UNOCAL WINS GASOLINE PATENT SUIT IN CALIFORNIA
Date: 15 October 1997
By Bloomberg News
Bloomberg News
Unocal Corp wins court case over gasoline patent that could provide licensing fees for oil company and higher fuel prices for California drivers; Federal District Court in Los Angeles rules against six major oil companies that had challenged patent Unocal has on clean-burning type of gasoline that California requires (S)
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SIX EXAMINED ITT'S WORLD DIRECTORIES BUSINESS
Date: 15 October 1997
By Bloomberg News
Bloomberg News
ITT Corp attracted at least six companies that were interested in buying its telephone book business, which ITT is keeping as part of proposal to separate into three companies; GTE Corp, BellSouth Corp, VNU, Tele Danmark AS and Deutsche Telekom all approached ITT earlier this year (S)
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HOSPITALITY TO PURCHASE 9 HOTELS FROM MARRIOTT
Date: 14 October 1997
By Bloomberg News
Bloomberg News
Hospitality Properties Trust buys nine hotels, seven of which are still under construction, from Marriott International Inc for $129 million (S)
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INTERRA FINANCIAL PLANS TO MERGE ITS 2 BROKERAGE UNITS
Date: 15 October 1997
By Bloomberg News
Bloomberg News
Interra Financial Inc will merge its Rauscher Pierce Refsnes Inc and Dain Bosworth Inc brokerage units; combined firm, Dain Rauscher Inc, will have more than 1,200 brokers and institutional salespeople; Interra expects to cut 100 jobs during next several months as result of merger (S)
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L.A. GEAR SELLS A 42% STAKE AND NAMES NEW CHIEF
Date: 14 October 1997
By Bloomberg News
Bloomberg News
LA Gear Inc names David Gatto new chairman and chief executive after PCH Investments LLC purchases 42 percent stake in company; PCH buys 1.14 million shares from Trefoil Capital Investors LP; terms undisclosed; Gatto replaces Stanley Gold, who is also president of general partner of Trefoil (S)
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