Murdoch's Son Gets Post
Date: 02 June 2000
By Dow Jones
Dow Jones
News Corp names John Murdoch, youngest son of News Corp chairman Rupert Murdoch, to be chief executive and chairman of Star TV; he replaces Gareth Chang, who resigned (S)
Replay Freitag, 2. Juni 2000
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2nd of June 2000 News
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The F.C.C.'s Ownership Rules
Date: 02 June 2000
Editorial scores plan by Federal Communications Commission to loosen rules that limit ability of television networks to own other networks and newspapers; says it is not in public's interest to relax rules that protect diversity of information
Hollywood Tales Just Fiction, German Paper Says
Date: 02 June 2000
By Edmund L. Andrews
Edmund Andrews
Suddeutsche Zeitung, one of Germany's most respected newspapers, apologizes to readers for publishing in its magazine handful of intimate celebrity interviews that made 37-year-old Swiss writer Tom Kummer one of hottest young journalists in country; says many of Kummer's interviews never took place and appear to have been entirely fabricated from material published elsewhere; Kummer admits using material from different sources to fabricate interviews, but says editors knew and approved of his methods; photo (M)
GILLETTE IS NEGOTIATING TO SELL PEN BUSINESSES
Date: 02 June 2000
By Bloomberg News
Bloomberg News
Gillette Co is in talks to sell its lagging Paper Mate, Parker and Waterman pen businesses to Newell Rubbermaid Inc; talks include its Liquid Paper correction fluid unit (S)
BISYS AGREES TO BUY PROVIDER OF INSURANCE SOFTWARE
Date: 02 June 2000
By Bloomberg News
Bloomberg News
Bisys Group Inc acquires Pictorial unit of Primedia Inc for $129 million in cash (S)
ASPEN ACQUIRES ANOTHER PETROLEUM SOFTWARE COMPANY
Date: 02 June 2000
By Bloomberg News
Bloomberg News
Aspen Technology Inc acquires Petrolsoft Corp for about $59.6 million in stock (S)
IRIDIUM IS IN TALKS TO SELL SATELLITES TO CASTLE HARLAN
Date: 02 June 2000
By Bloomberg News
Bloomberg News
Iridium LLC is in talks to sell satellites and other assets to investment firm Castle Harlan Inc for $50 million; company had planned to shut down and destroy its 66 satellites after failing to find a buyer in March, seven months after filing Chapter 11 bankruptcy protection (S)
CATALINA LIGHTING WILL PURCHASE RING, A BRITISH RIVAL
Date: 02 June 2000
By Bloomberg News
Bloomberg News
Catalina Lighting Inc, maker of residential and office lighting products, agrees to buy British rival, Ring PLC, for $33 million (S)
CRESTLINE CAPITAL AND BEDROCK PARTNERS TO BUY HOTELS
Date: 03 June 2000
By Bloomberg News
Bloomberg News
Crestline Capital Corp signs letter of intent to form joint venture with Bedrock Partners II LLP to buy hotels worth $250 million in coming two or three years (S)
CELOTEX SELLS GYPSUM WALLBOARD AND CEILING TILE UNITS
Date: 03 June 2000
By Bloomberg News
Bloomberg News
Celotex Corp sells its gypsum wallboard and ceiling tile businesses to British firm BPB PLC for $345 million (S)