CNBC Europe To Buy Stake In an Italian TV Channel
Date: 18 April 2001
By Bill Carter
Bill Carter
CNBC Europe, London-based arm of NBC's financial news cable channel, is acquiring 20 percent equity interest in Italian-language financial news channel, CFN; deal is valued at about $123.6 million (M)
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KOREA: AUTO WOES
Date: 18 April 2001
By Don Kirk
Don Kirk
Hyundai Motor Co is denying report in Automotive News that its partnership with DaimlerChrysler is in jeopardy; strikers at Daewoo Motor Co, which creditors are trying to rescue from bankrupty and sell to General Motors, win sympathy of Pres Kim Dae Jung, who says he his 'ashamed' of harsh police conduct in crackdown on protests plant in Inchon in which 45 workers were injured (S)
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A City Consumed in Plans For McVeigh's Execution
Date: 19 April 2001
By Sara Rimer
Sara Rimer
Terre Haute, Ind, three miles from United States Penitentiary where Timothy J McVeigh is scheduled to die on May 16 for Oklahoma City bombing, is expecting invasion by unknown number of protesters, camera crews, reporters, sightseers and visiting entrepreneurs hawking T-shirts; Mayor Judith A Anderson is distressed at circus atmosphere; Harley G Lappin, prison warden, says he has spent months designing elaborate security and administrative procedures, down to special buses for disabled protesters; says he has been assured by Federal Bureau of Investigation that no specific threats to Terry Haute have been uncovered; as for execution itself, he and his staff will follow 56-page Federal Execution Protocol that calls for it to be carried out 'in an efficient and humane manner'; this will be first federal execution since 1963; photos (M)
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Russia's Endangered Media
Date: 18 April 2001
Editorial scores Russian Pres Vladimir Putin's role in silencing of independent media through government moves against Vladimir Gusinsky's media empire and pressure to deny independent journalists other outlets
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Media Baron's Latest Loss: Russian Magazine
Date: 18 April 2001
By Michael Wines
Michael Wines
Russian media baron Vladimir A Gusinsky loses another key property when dissident shareholders seize his popular national newsmagazine, Itogi, joint venture with American magazine Newsweek, and dismiss its staff; dissidents say they will continue issuing magazine with new staff; it remains unclear whether magazine will continue to give staff journalistic freedom; Newsweek suspends partnership; takeover, like earlier seizures of Gusinsky's media outlets, was engineered in part by state-dominated Gazprom, shareholder and major creditor in Gusinsky's Media-Most; spurs new charges that Gazprom works on Kremlin's behalf to destroy Media-Most (M)
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Russia Loses Battle for Extradition From Spain of Media Baron
Date: 19 April 2001
By Sabrina Tavernise
Sabrina Tavernise
Spain rejects Russia's request to extradite Vladimir A Gusinsky, ending media baron's 10-month legal battle with Russian authorities just as prize pieces of his Russian empire are being seized; Gusinsky and his conglomerate, Media-Most, have been fighting creditor and hostile Russian prosecutor since election of Pres Vladimir V Putin; Gusinsky blames Putin, but Kremlin denies any role in legal case against Gusinsky (M)
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WILLIAMS TO SELL CONVENIENCE STORES TO AN ISRAELI CHAIN
Date: 18 April 2001
By Bloomberg News
Bloomberg News
Williams Companies sells its 198 Mapco Express conveniences stores to Delek Group of Israel for $147 million in cash plus additional amounts for fuel, merchandise and supplies (S)
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COLLINS & AIKMAN TO BUY UNITS OF A FABRIC CONCERN
Date: 19 April 2001
By Bloomberg News
Bloomberg News
Collins & Aikman Corp, largest maker of automobile carpets, agrees to buy Joan Fabrics Corp's automotive fabric division and affiliated yarn-dyeing operation for $158.9 million in cash and stock (S)
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SCHOLASTIC WILL LAY OFF 100 EDITORIAL STAFF MEMBERS
Date: 18 April 2001
By Bloomberg News
Bloomberg News
Scholastic Corp will cut about 100 editorial jobs and take charge in its current quarter after ending development of its literacy textbook series (S)
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AT&T OFFERS TO SWAP $10 BILLION IN TRACKING STOCK
Date: 19 April 2001
By Bloomberg News
Bloomberg News
AT&T Corp offers to swap 1.176 AT&T Wireless Group tracking shares for each share of parent as part of its plan to break up company; offer is worth as much as $10 billion; premium on AT&T shares is about 7 percent; AT&T Wireless will become independent company by mid-2001 (S)
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