Murdoch Sets TV Guide Sale For $2 Billion
Date: 12 June 1998
By Geraldine Fabrikant
Geraldine Fabrikant
News Corp agrees to sell TV Guide to United Video Satellite Group Inc for $2 billion in cash and stock; TV Guide combination with United Video's Prevue Networks, which scrolls schedules of broadcast and cable programming on cable television, promises new avenue of growth; Prevue Networks is in 50 million cable households in the United States and 3 million homes overseas; United Video is owned by two companies that in turn are in turn controlled by Tele-Communications; charts; photos (M)
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Teheran Mayor's Trial Begins and the Strains Are Showing
Date: 12 June 1998
By Douglas Jehl
Douglas Jehl
Mayor Gholamhossein Karabaschi of Teheran goes on public trial on corruption charges; photo; two days of testimony by ally of Pres Mohammad Khatami, relative moderate, are marked by angry exchanges with judge who represents more conservative judiciary; conservatives have now set sights on two other prominent targets, Interior Min Abdollah Nouri and bold new newspaper, Jomeah, which is sympathetic to Khatami (S)
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Magazines Are Split on Need For Fact-Checkers on Articles
Date: 12 June 1998
By Doreen Carvajal
Doreen Carvajal
Role of fact-checkers at magazines explained in light of revelations that writer Stephen Glass fabricated many articles in New Republic; policies vary, with The New Yorker doubling its staff of checkers, while Newsweek, Time and other publications shift more of work to researcher-reporters who also have other responsibilities (S)
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Rechecking a Writer's Facts, A Magazine Uncovers Fiction
Date: 12 June 1998
By Robin Pogrebin
Robin Pogrebin
Internal investigation at New Republic finds that Stephen Glass fabricated part or all of 27 of 41 articles he has written for magazine over last three years; false anecdotes and accounts were in articles on subjects from White House investigation to Christian right; inquiry found that 25-year-old writer, former fact-checker himself, completely fabricated six articles and manufactured material in parts of 21 other articles; his lawyer says Glass confirms findings; photo; Rolling Stone, George and Harper's have also investigated Glass articles for their publications and severed ties; The New York Times cancels planned article; Glass's systematic fakery eluded veteran editors and now prompts soul-searching in media about how far editors must go to rein in ambitious young journalists and verify accounts; Charles Lane, New Republic editor, began investigation after Adam L Penenberg, on-line editor for Forbes, was unable to verify one Glass story (M)
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Slaying of a Gadfly Regional Editor Makes Moscow Take Notice
Date: 12 June 1998
By Celestine Bohlen
Celestine Bohlen
Larisa Yudina, 52-year-old newspaper editor in Kalmykia, is found murdered after years of harassment by local authorities; Russian officials respond belatedly to warnings about danger to only opposition newspaper in region; Interior Min Sergei Stepashin describes murder as contract killing and essentially political; report to Parliament says three suspects have links to administration of Kirsan Ilyumzhinov, one of most flamboyant regional potentates in Russia (S)
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NIMBUS IN TALKS TO BE BOUGHT FOR $246 MILLION
Date: 11 June 1998
By Bloomberg News
Bloomberg News
Nimbus CD International Inc says it is in talks with undisclosed suitor that might acquire company for about $246 million (S)
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SECURITY CAPITAL TO BUY BELGIAN PARKING COMPANY
Date: 11 June 1998
By Bloomberg News
Bloomberg News
Security Capital Group Inc to buy Bernheim-Comofi of Belgium, parking garage company, for $225 million (US) (S)
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ITT FLUID TECHNOLOGY TO BUY MARINE PRODUCTS MAKER
Date: 12 June 1998
By Bloomberg News
Bloomberg News
ITT Fluid Technology Corp to acquire marine products maker Rule Industries from Kennametal Inc for undisclosed amount (S)
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FAMILY RESTAURANTS TO ACQUIRE IACOCCA'S KOO KOO ROO
Date: 11 June 1998
By Bloomberg News
Bloomberg News
Koo Koo Roo Inc, chicken restaurant chain headed by Lee A Iacocca, to be bought by Family Restaurants Inc in stock swap valued at about $143 million (S)
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BAY VIEW CAPITAL TO BUY PSB LENDING FOR $153 MILLION
Date: 11 June 1998
By Bloomberg News
Bloomberg News
Bay View Capital Corp to acquire PSB Lending Corp for $153 million in stock and cash plus as much as $147 million from future profits (S)
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