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24th of August 1992 News
Nyheter som framträdde på New York Times framsida den 24 augusti 1992
Times Company to Shut Suburban Atlanta Paper
Date: 25 August 1992
By Adam Bryant
Adam Bryant
The New York Times Company said yesterday that it planned to close The Gwinnett Daily News, a suburban Atlanta paper that it acquired five years ago. The offices, equipment and subscription lists of the Gwinnett County paper are to be sold to Cox Enterprises Inc., publisher of The Atlanta Journal and Constitution.
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INSIDE
Date: 25 August 1992
U.S. Warns Iran on Iraq The U.S. has told Iran not to exploit a Western plan that would protect Shiites in southern Iraq from Iraqi air strikes, officials said. Page A11. Swindling Fellow Immigrants Using new foreign-language TV shows, newspapers and the Yellow Pages, unscrupulous immigrants prey on fellow newcomers. Page B1. Dollar Keeps Losing Value The dollar fell further, putting pressure on Germany's central bank to lower interest rates. Page D1.
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A Greek Publisher Says It Controls Pravda
Date: 24 August 1992
A small Greek publishing concern whose owner has ties to the Greek Communist Party has announced that it has obtained majority control of the Russian daily newspaper Pravda, formerly the official paper of the Soviet Communist Party. The Greek company, Akadymos, is run by Yannis Yannikos, 69 years old, and his 30-year-old son, Christos, both of whom are in Moscow working on the paper, a spokesman for their office in Athens said last week.
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The Times Reaches a Pact With the Mailers Union
Date: 25 August 1992
By Jon Nordheimer
Jon Nordheimer
The New York Times Company announced yesterday that it had reached a new labor agreement with the New York Mailers Union No. 6, and the pact will be presented to the union's membership on Sept. 14 for ratification. Neither side would disclose details of the agreement. A settlement of work conditions and staffing with the 900-member union was considered an important step toward the opening of The Times's new $450 million newspaper printing plant in Edison, N.J., this fall. In May, The Times reached a long-term contract with newspaper delivery drivers that ended a bitter three-week labor dispute and was a major step toward opening the Edison plant.
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Observer; Mugged By Facts
Date: 25 August 1992
By Russell Baker
Russell Baker
There are good reasons why everybody should heed politicians' advice not to believe the media. One of the best is that the media report what politicians say. For instance, the other night when Ronald Reagan exhumed a 1916 bromide by the Rev. William J. H. Boetcker and passed it off as the wisdom of Abraham Lincoln, television instantly pumped the fraud into millions of American skulls.
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Suburban Weeklies Hit By Rivals and Recession
Date: 24 August 1992
By Alex S. Jones
Alex Jones
The decline and possible demise of Pulitzer Publishing Company's chain of community weeklies in Chicago's northern suburbs could be a harbinger of the 90's for similar small newspaper groups that sprang up in the 80's around many cities. For months, Pulitzer has been trying to sell the 15 papers after watching advertising decline 40 percent over three years and profits disappear entirely. Should no buyer emerge by Oct. 13, the company has said it will cease publishing the papers, ending 150 jobs.
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COMPANY NEWS: In-Flight Retailing; Top of the Chart and Heading Higher
Date: 25 August 1992
By Bloomberg News
Bloomberg News
Coffee, tea or Hammer? Northwest Airlines Inc. has been selling Capitol Records' compact disks and cassettes through an in-flight service called the World Record Shop. The airline, the fourth largest in the United States, said it sold thousands of CD's during a two-month test and plans to continue the program in October and November.
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Fleet's Vice Chairman to Retire
Date: 25 August 1992
By Bloomberg News
Bloomberg News
The Fleet Financial Group said today that its vice chairman and chief financial officer, John W. Flynn, would retire on June 30. Mr. Flynn, who is 53 years old, said he had planned such a move for a "number of years." He said he hoped to become a teacher or counselor at the college or high school level.
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RJR Nabisco Suit Settled
Date: 25 August 1992
By Bloomberg News
Bloomberg News
A United States district judge in New York yesterday approved a $72.5 million settlement of a class action suit against RJR Nabisco Inc. According to court documents, the suit contended that the food and tobacco company had failed to disclose information that might have affected investors' decisions to tender RJR stock or sell options to the company before RJR announced plans for a leveraged buyout in October 1988.
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UNITED AIRLINES TO OFFER DISCOUNT FARE COUPONS
Date: 25 August 1992
By Bloomberg News
Bloomberg News
United Airlines has entered the industry's latest fare war by accepting newspaper coupons issued by Northwest Airlines and by issuing its own. United said its coupons would appear in some United States markets tomorrow. Tickets must be issued by Sept. 4 for travel through Dec. 14, with a 14-day advance purchase and a Saturday-night stay. The United coupons will offer discounts of $35 on round-trip fares of $150 to $249 and $50 on round-trip fares of $250 or more.
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