TIME WARNER WINS ORDER KEEPING FOX OFF CITY CABLE TV
Date: 12 October 1996
By David Firestone
David Firestone
Judge Denise Cote grants Time Warner's request for a temporary injunction barring Mayor Rudolph W Giuliani from presenting Fox News Network and Bloomberg Television News on noncommercial stations run by New York City on a cable system owned by Time Warner; Time Warner, which owns Cable News Network, says it is not obliged to carry competing new channels; city contends that news channels are educational programming; Cote cites Federal law expressly forbidding city's involvement in co mmercial programming; also says administration did not adequately rebut allegations that it was acting at the behest of Rupert Mudoch, owner of the new Fox channel and a political supporter (M)
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Fleet Street Fable Becomes Morality Tale (of Sorts)
Date: 12 October 1996
By Sarah Lyall
Sarah Lyall
Britain's tabloid press falls into greater disrepute when The Sun is hoodwinked into reporting on a faked videotape purporting to show Princess Diana cavorting in her underwear with a lover and the News of the World reportedly offers to pay up a woman pregnant with octuplets up to $150,000 for each live baby she delivers, despite doctors' warnings that by trying to keep all eight babies she would almost surely jeopardize them all; both papers are owned by Rupert Murdoch; photos (M)
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Lobbying at Murdoch Gala Ignited New York Cable Clash
Date: 13 October 1996
By Clifford J. Levy
Clifford Levy
Time Warner has refused to carry Rupert Murdoch's Fox News Channel on its cable systems in New York City; Murdoch, at Oct 1 party celebrating debut of news channel, asked Mayor Rudolph W Giuliani, Gov George E Pataki and State Atty Gen Dennis C Vacco for help; three officials responded next day by pressing strenuous campaign on behalf of Murdoch, one that has injected government into fierce clash between two corporate leviathans and that has raised questions about whether politicians are playing favorites with media companies (M)
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Kiss Brings Unwanted Fame
Date: 13 October 1996
By Sarah Kershaw
Sarah Kershaw
Residents and school officials in Far Rockaway, Queens, are dismayed about national media attention given to case of 7-year-old boy, De'Andre Dearinge, who was suspended for sexual harassment after kissing schoolmate; photo (S)
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The Media Titans' Battle: I Duck for Cover
Date: 13 October 1996
By Robert Lipsyte
Robert Lipsyte
Robert Lipsyte column recalls working for Rupert Murdoch's New York Post and Ted Turner's cable television network, experiences that make him fear for New York, where these two media titans are fighting over access to Time Warner's cable system; says Turner and Murdoch might well reach a deal that would suit them but not serve the city; says Mayor Rudolph W Giuliani should be looking out for the city, not taking sides; cartoon (M)
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ABBOTT LABORATORIES OUTLINES BUYBACK PLAN
Date: 12 October 1996
By Bloomberg News
Bloomberg News
Abbott Laboratories says it plans to buy back as many as 20 million common shares, or about 2.6% of its shares outstanding, which are worth more than $1 billion at current prices (S)
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THIRD-QUARTER REVENUE EXPECTED TO BE UNCHANGED
Date: 12 October 1996
By Bloomberg News
Bloomberg News
Goodyear Tire and Rubber Co says that it expects its third-quarter revenue to be unchanged from year ago because of weak North American new-car sales (S)
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CABOT SELLS COAL UNIT TO NEXGEN RESOURCES
Date: 12 October 1996
By Bloomberg News
Bloomberg News
Cabot Corp sells its Tuco Inc coal inventory and contract business to closely held Nexgen Resources Corp and Republic Financial Corp for $77 million (S)
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3 SENIOR EXECUTIVES OF HILTON HOTELS RESIGN
Date: 12 October 1996
By Bloomberg News
Bloomberg News
Hilton Hotels Corp says that it accepted resignations of three senior executives whose conduct delayed gambling license for its Kansas City, Missouri, riverboat casino; Hilton is awarded preliminary license after company informs Missouri Gaming Commission that executives had resigned; they are Raymond Avansino, F Michael O'Brien and Mark Rousseau (S)
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Creditors to Join Barney's Case
Date: 12 October 1996
By Bloomberg News
Bloomberg News
Barney's Inc, which filed for Chapter 11 bankruptcy protection in January, will get help from its creditors in its battle with Isetan Company of Japan (S)
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