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22nd of October 1994 News
Nyheter som framträdde på New York Times framsida den 22 oktober 1994
Daily News Will Move From Landmark to W. 33d Street
Date: 22 October 1994
By Robert D. McFadden
Robert
After 65 years of journalistic triumphs and tribulations in its landmark Art Deco tower on East 42d Street, The Daily News said yesterday that it would move its news, business and corporate operations next spring to a more prosaic West Side building occupied by back offices and an indoor skating rink. The move will shunt the last vestiges of the newspaper's dwindling Manhattan operations from the 37-story News Building, at 220 East 42d Street, near Second Avenue, to a 16-story office building at 450 West 33d Street, between Ninth and Tenth Avenues, where they will be consolidated on a single floor of 100,000 square feet -- nearly three football fields.
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Judge Reopebs Trial Of Simpson to Press
Date: 22 October 1994
Reversing an order from the day before, Judge Lance A. Ito allowed reporters back into his courtroom yesterday to cover the O. J. Simpson trial and listen to the questioning of prospective jurors. But the judge's decision to reopen the hearings was largely overshadowed by the release of transcripts of a closed session on Wednesday in which Mr. Simpson described fleeing the police, prompting his lawyer to threaten to quit if he continued talking.
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Nixon's Last Taunts
Date: 23 October 1994
By Max Frankel
Max Frankel
It's become perfectly clear that the mostly worshipful obituaries of Richard Nixon in April failed to give the man his due. The politician we so enjoyed kicking around for half a century kicked back in the most resourceful ways. A new study of his talent reveals perhaps his greatest achievement and finds him hurling yet another challenge at the media he despised, and played so well. If those who daily bemoan the media's cynicism and banality would reflect on Nixon's mastery of the information environment, they'd realize that in the eternal contest between politicians and journalists it is the current crop of politicians who don't measure up. Which of them can boast of manipulations and retaliations comparable to these: * Nixon became a media star by catching Alger Hiss at perjury, thus impelling the media to chronicle a melodramatic career fueled and finally destroyed by lying.
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Taking Haiti
Date: 23 October 1994
By David C. Unger
David Unger
AMERICA'S MILITARY operations now begin as media events. Soldiers storm the beaches and meet, not the enemy, but the cameras. Somalia and Haiti opened with live, real-time telecasts closely followed by a deluge of still photographs, covering full-color magazine spreads and black-and-white newspaper columns.
After a few days, people's eyes turn elsewhere, only to snap back at the sight of real blood and the signs of real danger. In Somalia, vivid imagery drove both ends of the mission, feeding the politics first of humanitarian intervention and then of disillusioned withdrawal. Years of seeing and reading about the brutality and suffering in Haiti failed to produce any consensus for military action. Why do "moving" pictures from some places move us? Brutality and suffering look much the same from one country to the next. So there must be other factors -- forces beyond the picture's edges -- that shape not simply what we see but the ways we see. It has become fashionable to talk about CNN driving the foreign policy agenda, yet the reality is more complex.
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Candidate Uses Ad to Rebut Domestic Violence Rumors
Date: 23 October 1994
By Jonathan Rabinovitz
Jonathan Rabinovitz
With unsubstantiated rumors of domestic violence swirling around his campaign, John G. Rowland, the Republican candidate for governor of Connecticut, has started running a television commercial in which he blames The Hartford Courant and "political enemies" for attacking him. The 30-second ad, which was broadcast for the first time on Friday, has him looking directly into the camera, saying that he is "disgusted" by the rumors that "something awful" occurred between him and his former wife, Deborah.
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How Iraq Escaped to Threaten Kuwait Again
Date: 23 October 1994
By Michael R. Gordon and Bernard E. Trainor
Michael Gordon
On Feb. 27, 1991, President Bush and his senior advisers assembled in the Oval Office to make what has turned out to be a pivotal decision of the Persian Gulf war: when to stop attacking Iraq's fleeing army.
Seated at his customary white chair near the fireplace, Mr. Bush was worried that the reports of carnage in Kuwait could turn a crushing military victory into a public relations defeat.
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FOUNDER IS EXPECTED TO LEAD WALTER INDUSTRIES
Date: 22 October 1994
By Bloomberg News
Bloomberg News
James W. Walter, the founder of Walter Industries, the manufactured-home builder, is expected to be back in charge when the company emerges from bankruptcy, perhaps before the end of the year. Bondholders and Walter's controlling shareholder, Kohlberg, Kravis, Roberts & Company, reached a preliminary agreement on Thursday to end the company's five-year-old bankruptcy proceedings. The parties had been battling for two years. Robert Falk, an investment banker representing Apollo Advisors L.P., a major bondholder, said Walter Industries would emerge from bankruptcy "with management intact and with Jim Walter at the helm." Kohlberg, Kravis acquired Walter Industries for $2.4 billion in 1987, using a small amount of cash and a large amount of debt. Walter Industries sought bankruptcy court protection from creditors two years later.
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F.T.C. GIVES FINAL APPROVAL TO ADOBE AGREEMENT
Date: 22 October 1994
By Bloomberg News
Bloomberg News
The Federal Trade Commission gave final approval yesterday to an agreement with Adobe Systems Inc. and the Aldus Corporation that set terms for their merger. In July, the F.T.C. announced the agreement, which is intended to insure that the merger will not lead to higher prices for professional-illustration software. Yesterday's action makes the agreement binding. Adobe completed its $450 million purchase of Aldus on Aug. 31.
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COMMUNITY PSYCHIATRIC SHARES DROP 24% ON OUTLOOK
Date: 22 October 1994
By Bloomberg News
Bloomberg News
The stock of Community Psychiatric Centers plunged 24 percent yesterday after it said fourth-quarter earnings probably would fall below those of the corresponding period last year. The stock closed down $3, to $9.50, on New York Stock Exchange trading of 3.4 million shares. Wall Street had been expecting the company, an operator of psychiatric centers, to earn 18 cents a share in the quarter ending Nov. 30, or 38 percent more than a year ago, according to Zacks Investment Research. The company, based in Las Vegas, Nev., earned 13 cents a share in the fourth quarter last year.
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SNAPPLE STOCK SURGES; TAKEOVER TALK IS DISMISSED
Date: 22 October 1994
By Bloomberg News
Bloomberg News
The shares of the Snapple Beverage Corporation surged 18 percent yesterday on takeover speculation that company officials dismissed summarily. The stock of Snapple, the maker of natural iced teas and juice drinks, closed at $14.6875 a share, up $2.1875, after trading as high as $15.75. Snapple was the most active Nasdaq issue, with more than 8.7 million shares traded. Wall Street Strategies, an investment newsletter, said yesterday that it had heard that "one of the majors," presumably a company like the Coca-Cola Company or Pepsico Inc., "will offer $25 per share." Officials at Snapple, based in East Meadow, L.I., said they had heard nothing about an offer and they rejected the possibility. Coca-Cola and Pepsi declined to comment.
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