Strong Results At News Corp.
Date: 13 August 1998
By Bloomberg News
Bloomberg News
News Corp says its fourth-quarter earnings more than doubled; net income in quarter ended June 30 rose to $429 million (Australian), or $253 million (US), before one-time items, compared with $188 million in quarter a year earlier; profit rose to record $1.8 billion, compared with $1.3 billion in 1997; sales in year rose 32 percent, to $18.9 billion (S)
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Miami Journal; Defying Doom Wishes of the Exiles, Castro Keeps Popping Up
Date: 14 August 1998
By Mireya Navarro
Mireya Navarro
Article, on 72nd birthday of Fidel Castro, comments on the periodic rumors of his death among expatriates during the 40 years of his rule; latest collective disappointment stemmed from July 19 article in Spanish-language newspaper Nuevo Herald, reprinted by its sister paper, The Miami Herald, and picked up by other news organizations; article quoted woman identified as defecting Cuban surgeon Dr Elizabeth Trujillo Izquierdo as saying that Castro was being treated for potentially fatal brain ailment; her former husband later revealed that woman was really a secretary in a Cuban paper factory who suffered from 'personality' problems; her photo (Miami Journal) (M)
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50 Globe Employees Protest Columnist's Reprieve
Date: 13 August 1998
By Felicity Barringer
Felicity Barringer
At least 50 people on Boston Globe news staff sign petition scoring reprieve given columnist Mike Barnicle, who nearly lost job over column that paralleled work of comedian George Carlin; present petition to editor Matthew V Storin and publisher Benjamin B Taylor; staff members laud Storin's decision to have Walter V Robinson edit Barnicle's future columns (M)
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Editorial Observer; The High Price of Reprieving Mike Barnicle
Date: 13 August 1998
By Howell Raines
Howell Raines
Howell Raines Editorial Observer column holds Boston Globe's decision not to dismiss star columnist Mike Barnicle, while understandable as matter of loyalty, public relations and readership, undermines trust; contrasts Globe's pardoning of Barnicle with its earlier dismissal of Patricia Smith, black columnist who admitted making up people and quotes; holds Barnicle presented unattributed jokes similar to those in book by George Carlin as original writing (M)
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CALENERGY WILL PURCHASE MIDAMERICAN ENERGY
Date: 13 August 1998
By Bloomberg News
Bloomberg News
Calenergy Co will buy MidAmerican Energy Holdings Co for $2.6 billion in cash, first time independent power producer has purchased utility in this country; Calenergy will also assume $1.4 billion of MidAmerica's debt and preferred stock (S)
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TICKETMASTER'S ON-LINE UNIT TO COMBINE WITH CITYSEARCH
Date: 14 August 1998
By Bloomberg News
Bloomberg News
USA Networks Inc says its Ticketmaster unit will combine its on-line ticket-selling business with Citysearch, provider of cultural-events information, and that it plans to sell shares in combined company to the public; terms undisclosed (S)
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CABLEVISION TO PAY $160 MILLION FOR CLEARVIEW CINEMA
Date: 14 August 1998
By Bloomberg News
Bloomberg News
Cablevision Systems Corp to buy Clearview Cinema Group Inc for $160 million in cash and stock in its first move into movie-theater business (S)
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LAMAR ADVERTISING TO BUY OUTDOOR COMMUNICATIONS INC.
Date: 13 August 1998
By Bloomberg News
Bloomberg News
Lamar Advertising Co will acquire Outdoor Communications Inc for $280 million in cash and will assume $105 million of Outdoor's debt (S)
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PEPSICO BUYING OUT BOTTLING COMPANY BASED IN ALBANY
Date: 13 August 1998
By Bloomberg News
Bloomberg News
Pepsico Inc will buy remaining 80 percent of one of its largest US bottlers; terms for Pepsi-Cola Allied Bottlers Inc, based in Albany, NY, are not disclosed; company is considering converting sizable stake in its bottling operations to public ownership (S)
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ADOBE SHARES SLIDE 11% AFTER WARNING ABOUT RESULTS
Date: 13 August 1998
By Bloomberg News
Bloomberg News
Shares of Adobe Systems Inc fall 11 percent, one day after company says it might report third-quarter loss and will cut its work force by 10 percent; shares fall $3.4375, to $27.375 (S)
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