Newspapers Plan More Cuts As Their Ad Revenues Fall
Date: 18 May 2001
By Felicity Barringer
Felicity Barringer
Newspapers owned by companies like Gannett Co and Knight Ridder are intensifying their effort to cut costs with advertising revenue showing no signs of rebounding; USA Today, Gannett's flagship newspaper, has announced layoffs of journalists for first time since it was founded in 1982; it has laid off 6 journalists out of newsroom of 435, plus 7 employees of usatoday.com; Miami Herald Publishing Co, owned by Knight Ridder, has announced more extensive cutbacks, but hopes to achieve staff reductions through voluntary buyouts; it is trimming 10 percent of its staff, or about 180 jobs; cutbacks are also being discussed at several other Knight Ridder newspapers, including San Jose Mercury News, St Paul Pioneer Press, Kansas City Star and Akron Beach-Journal; New York Times reports advertising revenue in April was down 16 percent from year earlier; newspaper advertising revenue in Times Co as whole decreased 15.4 percent for April 2001, compared with period year earlier (M)
Full Article
Ukraine Calls Newsman's Killing Nonpolitical; Skeptics Abound
Date: 17 May 2001
By Michael Wines
Michael Wines
Ukraine Pres Leonid Kuchma's critics scorn government's stand that leading opposition journalist Georgy Gongadze was victim of random killing by two thugs who were themselves killed later; government has been in crisis since former presidential guard released tape showing Kuchma ordering underlings to deal with Gongadze (M)
Full Article
World Briefing | Europe: Ukraine: Not So Fast, Judge Says
Date: 18 May 2001
By Michael Wines (NYT)
Michael NYT
Investigating judge in killing of journalist Georgy Gongadze in Ukraine says it is still too soon to say that murder has been solved (S)
Full Article
Essay; The Senate Plumbers
Date: 17 May 2001
By William Safire
William Safire
William Safire Op-Ed column says Sen Patrick Leahy and other Democrats are demanding that Theodore Olson, Pres Bush's nominee for solicitor general, provide copies of internal audit, board books and minutes of American Spectator, right-wing magazine that sought to uncover scandals about Bill and Hillary Clinton in Arkansas; says magazine was engaged in journalism protected by First Amendment, and Olson was its lawyer, not its editor; says Leahy and others seek to trample on First Amendment as payback for Olson's successful argument before Supreme Court on George W Bush's behalf regarding disputed Florida election results (M)
Full Article
AMTRAN SHARES RISE 57% ON NEWS OF CHAIRMAN'S OFFER
Date: 18 May 2001
By Bloomberg News
Bloomberg News
Amtran Inc, parent of American Trans Air, says its chairman and majority shareholder, J George Mikelsons, offered $21 per share to buy rest of company and take it private; offer values company at $239 million; stock rises $7.15, to $19.75 (S)
Full Article
TYCO INTERNATIONAL IN $1 BILLION PURCHASE
Date: 18 May 2001
By Bloomberg News
Bloomberg News
Tyco International acquires electronic-security assets of Cambridge Protection Industries for $1 billion (S)
Full Article
OFFER FOR KENDALL-JACKSON WINE ESTATES IS WITHDRAWN
Date: 17 May 2001
By Bloomberg News
Bloomberg News
Australian winemaker BRL Hardy withdraws its offer to buy Kendall-Jackson Wine Estates, saying Kendall-Jackson's price is too high (S)
Full Article
EASTMAN TO SPIN OFF SPECIALTY CHEMICALS BUSINESS
Date: 17 May 2001
By Bloomberg News
Bloomberg News
Eastman Chemical Co will spin off its specialty chemical business later this year as part of its plan to split into two companies; new chemicals company will be called Eastman Co; surviving company, yet to be named, will make plastics for soda bottles and fibers for cigarette filters (S)
Full Article
SAKS NAMES PRESIDENT FOR ITS PARISIAN STORES DIVISION
Date: 18 May 2001
By Bloomberg News
Bloomberg News
Saks Inc names Rob Gruen president and chief executive of its Parisian stores division, replacing Travis Saucer, who resigned (S)
Full Article
CONSOLIDATED STORES CHANGES ITS NAME TO BIG LOTS
Date: 17 May 2001
By Bloomberg News
Bloomberg News
Consolidated Stores Corp changes its name to Big Lots; will also change names of its Odd Lots, Mac Frugal's and Pic 'N' Save stores to Big Lots in next two years (S)
Full Article