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21st of November 1995 News
Nyheter som framträdde på New York Times framsida den 21 november 1995
THE MEDIA BUSINESS;Murdoch and 3 OthersSet Latin Satellite-TV Effort
Date: 21 November 1995
By Mark Landler
Mark Landler
Seeking to dominate the satellite television market in Latin America, the News Corporation said yesterday that it would form a direct-broadcast satellite service with three powerful partners: Tele-Communications Inc., the nation's largest cable operator; Globo, the leading media company in Brazil, and Grupo Televisa, the giant Mexican broadcaster. Rupert Murdoch, the chairman of the News Corporation, said at a news conference in New York that the partners planned an initial total investment of $500 million in the service, which is to begin operations in May. It will transmit 150 channels of entertainment, news and sports programming to homes equipped with satellite dishes and digital receivers.
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Observer;How Cozy Our World
Date: 21 November 1995
By Russell Baker
Russell Baker
A majority of Americans say they now get most of their news from television. To see how the world looks to this majority, your correspondent spent six months glued to his TV screen. Following is the typical American view of the world today: The two most important people on earth are Newt Gingrich and President Clinton. O. J. Simpson, who used to be Number Three, has slipped badly and is not even in the top 20 anymore. The new Number Three is Deion Sanders.
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Beijing Still Censors What Shanghai Reads
Date: 22 November 1995
To the Editor: I applaud Ding Fa Zhang, the editor of Shanghai's Xinmen Evening News, for his honesty in readily admitting that he would not ask reporters to investigate police corruption in Shanghai in order not to "violate journalism standards set in Beijing" (Editorial Notebook, "Chinese Schizophrenia," Nov. 19).
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Business Week's Case Isn't Like CBS's
Date: 21 November 1995
To the Editor: I must take strong exception to some conclusions in the Nov. 17 article about the "60 Minutes" case as it concerns Business Week. It is factually wrong and unfair to lump Business Week with CBS as part of a trend toward "capitulation" by the media.
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NEWS SUMMARY
Date: 21 November 1995
International A3-9
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NEWS SUMMARY
Date: 22 November 1995
International A3-11
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COMPANY NEWS;NEXGEN APPROVES A SHAREHOLDER RIGHTS PLAN
Date: 22 November 1995
Bloomberg Business News
Bloomberg News
Nexgen Inc. said yesterday that it had adopted a shareholder rights plan to try to prevent third parties from blocking the $857 million acquisition of Nexgen by Advanced Micro Devices Inc. Nexgen, which is based in Milpitas, Calif., said it was not aware of any other entities interested in acquiring a stake in the company or trying to derail the agreement with Advanced Micro. The rights plan, also known as a poison pill, is intended to make an unfriendly acquisition of Nexgen, which makes computer chips, prohibitively expensive. Advanced Micro, based in Sunnyvale, Calif., said last month that it would buy Nexgen by swapping eight-tenths of a share of its stock for each share of Nexgen.
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Man in the News: Aleksander Kwasniewski;Walesa's Nemesis
Date: 21 November 1995
By Jane Perlez
Jane Perlez
When Poland imposed martial law in 1981, which sent the strike leader Lech Walesa and thousands of others to jail, an ambitious young Communist Party newspaper editor wrote an editorial neither approving nor condemning what the Government had just done. "It seems important right now for Poles to reject emotions and myths and concentrate on genuine social and state interests," suggested Aleksander Kwasniewski after one of the most traumatic periods in Polish history.
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COMPANY NEWS;MICROSOFT TO ACCEPT MORE ON-LINE USERS
Date: 21 November 1995
AP
The Microsoft Corporation said yesterday that it had reconsidered a plan to cap enrollment for its Microsoft Network on-line service at its current level of 525,000 subscribers and would continue to look for more business. Microsoft's service is offered to people who buy the Windows 95 program. Keeping the service open to new customers is important for Microsoft as the holiday period arrives, said Peter Krasilovsky, an analyst with Arlen Communications Inc., a consulting firm in Bethesda, Md. "To blow the opportunity to sell to hundreds of thousands of new users of Windows 95 in the Christmas stocking would have been a major problem," he said.
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COMPANY NEWS;PENNSYLVANIA BANK COMPANIES IN ACQUISITION AGREEMENT
Date: 22 November 1995
Reuters
The BT Financial Corporation, a banking company based in Johnstown, Pa., said yesterday that it would acquire the Moxham Bank Corporation for $41.1 million in stock. Under the agreement, BT will exchange 1.15 shares of its stock for each Moxham share. Moxham's two banks -- Moxham National Bank of Johnstown, Pa., and First National Bank of Garrett, Pa. -- will be merged into BT's largest affiliate, the Johnstown Bank and Trust Company. BT will have assets of about $1.5 billion after the deal, including the previously announced acquisitions of Armstrong County Trust and Huntington National Bank of Pennsylvania. In Nasdaq trading, Moxham's stock rose $2.50 yesterday, to $34.50, while the shares of BT fell $1.50, to $35.50.
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