Media; The Internet news audience is young, male and hungry for facts. And it's checking in from work.
Date: 27 July 1998
By Felicity Barringer
Felicity Barringer
Internet news sites are drawing small fraction of news consumers, but it is a fraction advertisers find desirable--younger men with college degrees and professional jobs; biggest difference between Internet and other news outlets is that Internet is read less at home and more at workplace, although home consumption of on-line news is also rising; chart (M)
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Defying Bitter Past, Cambodians Vote Peacefully
Date: 27 July 1998
By Seth Mydans
Seth Mydans
Millions of Cambodians cast ballots peacefully in national election to decide future of strongman, Hun Sen, in first parliamentary election in five years; Hun's Cambodian People's Party, former Communist Party, has dominated campaign by its control of news media and levers of Government; with two-thirds of seats in 122-seat Parliament needed to form Government, , no single party of 39 in contention is expected to win outright; voting in village of Boeng Kaek described; photo; map (M)
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DRUG WHOLESALERS' STOCK SURGES ON COMMENTS BY JUDGE
Date: 28 July 1998
By Bloomberg News
Bloomberg News
Shares of Amerisource Health Corp and of Bergen Brunswig Corp surge to all-time highs as comments from Federal District Court Judge Stanley Sporkin raise investor hopes that he will permit acquisition of two big drug wholesalers; Federal Trade Commission is challenging purchase of Bergen by Cardinal Health Inc and acquisition of Amerisource by McKesson Corp; Sporkin says he does not share FTC's fears that companies would raise prices and that other companies could not enter drug distribution market (S)
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TELEFONOS DE MEXICO TO BUY STAKE IN PRODIGY SERVICES
Date: 28 July 1998
By Bloomberg News
Bloomberg News
Telefonos de Mexico SA, or Telmex, Mexico's largest telephone operator and largest Internet service provider, plans to buy 20 percent stake in Prodigy Services Corp for $49 million to secure presence in US Internet service provider market; Prodigy is controlled by Carso Global Telecom SA of Mexico (S)
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TYSON FOODS TO TAKE $200 MILLION CHARGE TO CUT COSTS
Date: 28 July 1998
By Bloomberg News
Bloomberg News
Tyson Foods Inc will take pretax charge of about $200 million in its fiscal fourth quarter to cover expense of cost-cutting plan that could include plant closings, laying off workers or selling businesses; Tyson says third-quarter earnings beat analysts' forecasts, rising 3.1 percent, to $46.6 million, from $45.2 million in year-earlier period; revenue rose 23 percent, to $1.95 billion from $1.59 billion (S)
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MERRILL LYNCH SELLS HSBC 4% OF BEZEQ FOR $102.5 MILLION
Date: 28 July 1998
By Bloomberg News
Bloomberg News
HSBC Investment Bank, arm of HSBC Holdings PLC of London, acquires 4.15 percent of Bezeq Ltd, Israel's state-run telephone company, for $102.5 million from Merrill Lynch & Co; HSBC also sells Cable and Wireless PLC the right to buy stake at $3.30 a share from Aug 20, 1999; Cable and Wireless owns 12.75 percent in company; Merrill, which will cut its stake in Bezeq to 2.27 percent, bought 12.4 percent of Bezeq from Israeli Government for $250 million a year ago (S)
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HICKS, MUSE UNITS IN $148 MILLION RADIO AND TV DEALS
Date: 28 July 1998
By Bloomberg News
Bloomberg News
Chancellor Media Corp, whose leading shareholder is Hicks, Muse, Tate & Furst, agrees to buy Puerto Rico's number 1 radio broadcaster, Primedia Broadcast Group, for about $75 million; deal will add eight FM stations to its group of 108; Sunrise Television Corp, television broadcasting affiliate of Hicks, Muse, to buy WUPW-TV, Fox Television network affiliate in Toledo, Ohio, for $73 million from Raycom Media Inc (S)
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Shell Projects in Malaysia
Date: 28 July 1998
By Bloomberg News
Bloomberg News
Royal/Dutch Shell Group says two Malaysian units will invest 12 billion ringgit ($2.8 billion) in oilfield and exploration projects over next five years in Sarawak and Sabah (S)
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Indonesia Agrees To Loan Guarantees
Date: 28 July 1998
By Bloomberg News
Bloomberg News
Indonesia and 21 domestic banks sign agreement providing Government guarantees on loans to exporters in effort to kick-start country's moribund economy (S)
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Donaldson Buys Big Stake
Date: 27 July 1998
By Bloomberg News
Bloomberg News
Donaldson, Lufkin & Jenrette Inc is expected to purchase majority stake in PM Realty Group (S)
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