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10th of June 1995 News
Nyheter som framträdde på New York Times framsida den 10 juni 1995
News of a Lifetime
Date: 11 June 1995
By Max Frankel
Max Frankel
HEARD ANY GOOD OBITS LATELY? Ginger Rogers's maybe, or Howard Cosell's? Not much beyond that, I bet. American television dotes on death, the violent kind. It oozes sentimentality in memorializing the victims of tragedy. But in death, as in life, television news recognizes mainly mayhem and celebrity. Not even in death does it take the time and effort to dwell on noteworthy careers, selfless service, dedicated philanthropy, brilliant invention, artistic genius.
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Cable TV News Expands To 24 Hours in Connecticut
Date: 11 June 1995
By George Judson
George Judson
The rehearsal began precisely at 6:30 A.M. Mary Anne Loughlin, a former anchor for CNN, sat alone at a news desk, facing Teleprompters and a camera. A recorded introduction announced: "Twenty-four hours every day. Connecticut's own news network. This is News 12 Connecticut, morning edition." Ms. Loughlin began reading a summary of the news to come: state legislators had approved money to move a University of Connecticut campus to downtown Stamford; a bakery in Bridgeport had been robbed; exit ramps for the Merritt Parkway in Greenwich were being redesigned.
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The World; Bad News They Can Manage
Date: 11 June 1995
By Craig R. Whitney
Craig Whitney
EVER since the traumatic televised spectacle of a dead American helicopter crewman being dragged through the streets of Mogadishu, the "Somalia syndrome" has been a prime worry of governments mired or trying to stay unmired in Bosnia. Lately the United States, France and Britain have taken different approaches to managing the risks posed by troubling media coverage of soldiers doing what soldiers are paid to do -- stand in harm's way. Consider how the United States dealt with the shooting down of Air Force Capt. Scott F. O'Grady before his dramatic rescue last week, and how Britain and France have coped with the embarrassment of the Bosnian Serbs taking many of their soldiers hostage this month (more than half of the nearly 400 have since been freed).
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CNN Is Backed On New Service
Date: 10 June 1995
The board of Turner Broadcasting approved a request yesterday by CNN to initiate a new financial news service in January to be called CNNFN. The move came despite open threats from NBC to begin an all-news channel to compete directly with CNN if it began a service to compete with NBC's own financial news channel, CNBC.
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Labor Complaint Filed Against Murdoch
Date: 10 June 1995
The New York office of the National Labor Relations Board filed a complaint yesterday against Rupert Murdoch's publishing company, the News Corporation, asserting that it violated labor laws when it dismissed 287 unionized employees of The New York Post as a result of a strike in 1993. The Post will now be required to defend itself at an administrative hearing. It could ultimately be held liable for millions of dollars in back pay for dismissed workers. The paper could also be required to reinstate the workers and to reopen negotiations with their union, the Newspaper Guild of New York.
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For Noncandidate Gingrich, All New Hampshire's a Stage
Date: 11 June 1995
By Katharine Q. Seelye
Katharine Seelye
Racing by helicopter from event to event, Newt Gingrich barnstormed today around this first-in-the-nation primary state like a full-fledged Presidential candidate, greeted by overflow crowds, demonstrators and 130 news organizations as he tried to dispel the notion that he would rather be President than Speaker. Even as he basked in attention and ovations that the eight declared candidates for the Republican nomination have yet to receive -- 23 television cameras recorded his arrival at the Manchester airport on Friday -- Mr. Gingrich told New Hampshire residents that he had been playing coy about his intentions for 1996 only to lure people into paying attention to his ideas.
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SILICON GRAPHICS APPROVED ON ACQUISITIONS
Date: 10 June 1995
By Bloomberg News
Bloomberg News
Silicon Graphics Inc. reached an agreement yesterday with the Federal Trade Commission that will allow it to complete its $500 million plan to buy Wavefront Technologies Inc. and Alias Research Inc. As part of the unusual settlement, Silicon Graphics must help preserve competition in the growing market for computer-generated graphics in the entertainment industry, a market the Mountain View, Calif., company dominates with a 90 percent share. For example, Silicon Graphics must make sure that at least one other work station maker -- like the Digital Equipment Corporation, the Hewlett-Packard Company or another "FTC-approved partner" -- can run Alias's animation software on its machines.
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PACT SET IN SALE OF LUXURY REAL ESTATE HOLDING
Date: 10 June 1995
By Bloomberg News
Bloomberg News
The Westinghouse Electric Corporation has agreed to sell its luxury real estate unit for about $550 million to a group of investors led by a Florida developer, Al Hoffman, officials familiar with the accord said yesterday. Proceeds from the sale of Westinghouse Communities Inc., a profitable developer of planned communities in Arizona, California and Florida, will be used to pare debt. The sale, reported yesterday by The Wall Street Journal, is expected to be completed in several weeks. Westinghouse Communities develops and manages communities that typically include golf courses and other amenities.
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PRICE INCREASE OF 1.8% ON EIGHT '95 MODELS IS SET
Date: 10 June 1995
By Bloomberg News
Bloomberg News
Toyota Motor Sales USA Inc. is raising prices 1.8 percent on eight 1995 models imported from Japan, citing the yen's sharp rise against the dollar. The decision to raise sticker prices an average of $354 follows similar moves by Nissan and Subaru on June 1. Toyota said the new pricing, which takes effect on Monday, will affect the Tercel, Paseo, Celica, Supra, Previa, 4Runner, Land Cruiser and T100. Prices on North American-made Corollas, Camrys, Avalons and Tacomas will not be raised. It is the third price increase in 1995 for Toyota, which raised sticker prices on some models nine-tenths of 1 percent in January and three-tenths of 1 percent in April.
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AMERICAN RADIO SHARES CLIMB ON FIRST DAY OF SALES
Date: 10 June 1995
By Bloomberg News
Bloomberg News
The shares of the American Radio Systems Corporation rose strongly yesterday on the concern's first day as a public company. The stock of the Boston-based radio-station operator closed at $20.25 in Nasdaq trading of almost 5.6 million shares. The company sold five million shares at $16.50. American Cable Systems, the last company headed by American Radio's chairman, Steve Dodge, went public in 1986 at $14.50 a share. Two years later, Mr. Dodge sold the company to Boston-based Continental Cablevision Inc. for $46.50 a share.
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