Time Warner Is Said to Agree to Carry Murdoch's Fox News
Date: 23 July 1997
By Thomas J. Lueck
Thomas Lueck
Time Warner cable system agrees to carry Rupert Murdoch's 24-hour Fox news channel after nearly year of bitter legal and political battles; agreement will end battle between Murdoch and Ted Turner, whose Cable News Network was acquired by Time Warner year ago, and who is vice chairman of Time Warner; informed sources say deal is cornerstone of much larger pact that will give Murdoch access to some 65 percent of systems Time Warner operates across country; say under agreement, Giuliani administration, which had earlier tried to intervene on Murdoch's behalf, will turn over one of five cable channels it controls for educational programming to Time Warner, which would then provide it to Fox news channel (M)
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Deal With Time Warner Would Bring Fox News to the City by October
Date: 24 July 1997
By Thomas J. Lueck
Thomas Lueck
Timer Warner Inc and Rupert Murdoch's News Corp sign agreement that will give Murdoch's Fox News channel access to Time Warner's cable system in New York City; system's 1.2 million subscribers in Manhattan, Brooklyn, Queens and Staten Island will begin receiving Fox channel about Oct 1; photo (M)
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MAIDENFORM AND NCC INDUSTRIES FILE FOR BANKRUPTCY
Date: 23 July 1997
By Bloomberg News
Bloomberg News
Maidenform Worldwide Inc and NCC Industries are filing for Chapter 11 bankruptcy protection as companies restructure their operations (S)
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Reuters, Its Profit Down, Plans to Buy Back Stock
Date: 24 July 1997
By Bloomberg News
Bloomberg News
Reuters Holdings PLC says it will buy back up to 200 million pounds ($336 million) worth of its shares in next 12 months as it seeks to return cash to shareholders; company reports 2.5 percent drop in six-month profit; profit for period ending June 30 was 230 million pounds ($386 million), compared with 236 million pounds ($396.5 million) a year earlier (S)
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BERLITZ TO BUY ELS EDUCATIONAL FOR $95 MILLION
Date: 24 July 1997
By Bloomberg News
Bloomberg News
Berlitz International Inc will buy ELS Educational Inc for $95 million (S)
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ELCOM RETAINS ADVISER TO HELP LIFT SHARE VALUE
Date: 24 July 1997
By Bloomberg News
Bloomberg News
Elcom International Inc has hired Smith Barney Inc to help it explore its options, including possible sale of company, to increase value of its shares (S)
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ALLIANCE IMAGING TO BE SOLD FOR $258 MILLION
Date: 24 July 1997
By Bloomberg News
Bloomberg News
Alliance Imaging Inc agrees to be acquired by Apollo Management LP, investment firm headed by Leon Black, for about $258 million in cash, options and assumed debt (S)
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COLONIAL BANCGROUP TO BUY SOUTH FLORIDA BANKING
Date: 24 July 1997
By Bloomberg News
Bloomberg News
Colonial Bancgroup Inc will buy South Florida Banking Corp for about $51 million in stock (S)
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DREW INDUSTRIES PLANS TO BUY LIPPERT FOR $55 MILLION
Date: 23 July 1997
By Bloomberg News
Bloomberg News
Drew Industries plans to buy closely held Lippert Components Inc for $55 million in cash and stock (S)
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IXC AND PSINET AGREE ON 20-YEAR NETWORK DEAL
Date: 24 July 1997
By Bloomberg News
Bloomberg News
IXC Communications Inc agrees to let Psinet Inc use part of its telecommunications network in exchange for 20 percent stake in Psinet worth estimated $240 million; IXC, which leases long-distance and digital transmission lines, will allow Psinet access to its network without charge for 20 years (S)
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