Narrowing the Electronic News Gulf
Date: 07 June 1999
By Felicity Barringer
Felicity Barringer
On-line coverage of war in Yugoslavia gives evidence of a convergence in what is offered by newspapers and television networks; newspaper sites, which are heavy with wire service dispatches, are building up their on-line staffs and taking a more multimedia approach; television sites, in turn, are trying to add the depth that is newspapers' stock in trade, featuring full packages with graphics, maps and extensive background material; wire services appear best able to adapt to instantaneousness of the Web and its 24-hour cycle; photo; table (M)
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Media Talk; ABC Alters Policy on Paying for Videos
Date: 07 June 1999
By Bill Carter
Bill Carter
ABC News establishes rule that programs that pay nonnews sources for materials like videos and photographs must disclose financial arrangements; acts in response to New York Times report that ABC paid a teen-ager associated with the gunmen in shooting at Columbine High School $16,000 for a home video and other materials; used materials along with an interview with the teen-ager, Nathan Dykeman, on the morning news program Good Morning America; photo (M)
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Vivendi to Acquire Pathe, France's Largest Producer of Films
Date: 08 June 1999
By John Tagliabue
John Tagliabue
Vivendi SA of France to acquire Pathe SA, country's biggest film producing and distribution company, for $2 billion in stock; complex deal promises to push forward consolidation already under way in European television business; deal tightens Vivendi's grip on Canal Plus, its television affiliate, and gives it 17 percent stake in British Sky Broadcasting, television company controlled by Rupert Murdoch's News Corp; deal raises speculation that Vivendi might try to restart negotiations to merge Canal Plus and B Sky B, two largest pay-for-view television companies in Europe; earlier talks broke down (M)
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To the Men: Game, Set, Money
Date: 07 June 1999
By John McEnroe
John McEnroe
John McEnroe Op-Ed article says equal prize money for men and women in professional tennis is overdue; says women players work harder at marketing and promotion than men and are more accessible to news media and fans; says women are carrying promotional load and bringing fans through turnstiles and should be paid accordingly (M)
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YELLOW TO BUY JEVIC TRANSPORTATION FOR $200 MILLION
Date: 08 June 1999
By Bloomberg News
Bloomberg News
Yellow Corp says it agreed to acquire Jevic Transportation Inc for $200 million to increase its regional transportation services (S)
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HARNISCHFEGER SEEKS COURT PROTECTION FROM CREDITORS
Date: 08 June 1999
By Bloomberg News
Bloomberg News
Harnischfeger Industries, manufacturer of mining and paper-making machinery, files for bankruptcy under Chapter 11 of Federal bankruptcy code; Thomas Taylor, company's third-biggest shareholder, recently criticized management for ignoring takeover bid from unnamed suitor (S)
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SKY FINANCIAL IN $285 MILLION DEAL FOR MAHONING
Date: 08 June 1999
By Bloomberg News
Bloomberg News
Sky Financial Group Inc says it agreed to buy Mahoning National Bancorp for about $285 million in stock (S)
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SOUTHERN UNION IN $385 MILLION ENERGY DEAL
Date: 08 June 1999
By Bloomberg News
Bloomberg News
Southern Union Co to buy Pennsylvania Enterprises Inc for $385 million in stock and cash (S)
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SCHOTTENSTEIN OFFERS BURNHAM PACIFIC $560 MILLION
Date: 08 June 1999
By Bloomberg News
Bloomberg News
Burnham Pacific Properties Inc receives buyout offer from Schottenstein Stores Corp for $560 million in cash; deal includes refinancing of $575 million of Burnham's debt; Jay Schottenstein has accumulated 8.2 percent stake in Burnham (S)
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VARLEN BOARD REJECTS $700 MILLION OFFER BY AMSTED
Date: 08 June 1999
By Bloomberg News
Bloomberg News
Varlen Corp says its board rejected 'inadequate' $700 million hostile tender offer from Amsted Industries; Varlen urges stockholders to hold their shares as it considers talks with potential buyers (S)
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