27th of September 2000 News
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THE MARKETS: Market Place; News Corporation and Liberty Media complete an asset swap.
Date: 28 September 2000
By Geraldine Fabrikant
Geraldine Fabrikant
News Corp and Liberty Media Group agree to complex stock and asset swap in which Liberty Media will increase its stake in News Corp and News Corp will pick up Liberty's Gemstar-TV Guide International holdings; Liberty will swap roughly 86.5 million shares of Gemstar; deal is valued at about $5.3 billion; Liberty will also contribute some of its interest in South America cable businesses worth around $400 million; company will receive 121.5 million nonvoting News Corp American depository receipts, total value of $5.79 billion; that stake represents 80 percent of payment News Corp plans to make, giving entire Gemstar stock purchase a value of around $7.2 billion; Liberty's chairman, John C Malone, has agreed to take balance in Sky Global Networks stock worth $1.4 billion; Liberty will get roughly $400 million in additional Sky Global stock in exchange for South American cable businesses; deal is strategically important because it helps put valuation on Sky Global of about $38 billion shortly before its public offering, which is expected to take place by end of year (M)
Full Article
NEWS SUMMARY
Date: 27 September 2000
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NEWS SUMMARY
Date: 28 September 2000
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Radio Station to Broadcast All News All the Time in Spanish Starting Today
Date: 27 September 2000
By JAYSON BLAIR
Jayson BLAIR
WNNY-AM to begin broadcasting as New York area's first all-news, all-Spanish radio station; Mega Communications bought former WDKM for $45 million (S)
Full Article
Lawrence G. Hauck, 88, Former News Editor of New York Times
Date: 27 September 2000
By EDWARD WONG
Edward WONG
Lawrence G Hauck, former news editor of The New York Times, dies at age 88; photo (S)
Full Article
Metro Business; Newsstand Union Vote
Date: 27 September 2000
By Steven Greenhouse
Steven Greenhouse
Newsstand employees at Hudson News Company vote to join New York Newspaper Guild (S)
Full Article
Don't Like Today's Candidates? Step Back in Time
Date: 28 September 2000
By MATTHEW MIRAPAUL
Matthew MIRAPAUL
American Museum of Moving Image presents online compilation of television campaign ads for presidential elections since 1952; photo (S)
Full Article
GOLDMAN SACHS TO START VENTURE CAPITAL BUSINESS
Date: 28 September 2000
Goldman Sachs Group Inc is starting venture-capital business with $250 million of firm's capital to invest in fledgling financial-services companies; new comapny, GS Ventures, will be run by Michael P Mortara, Goldman's former co-head of fixed-income, currency and commodities (S)
Full Article
UTILITY SAYS PROFITS WILL BEAT ESTIMATES IN 3RD QUARTER
Date: 28 September 2000
Reliant Energy Inc expects its third-quarter profit to exceed analysts' estimates, buoyed by wholesale power sales in California region and its utility in Houston (S)
Full Article
FIRST DATA TO DROP ANOTHER 1,000 EMPLOYEES
Date: 28 September 2000
First Data Corp, which earlier this year said it would cut 1,940 jobs, will lay off another 1,000 employees to try to increase profits; company processes credit card payment and does billing for credit card issuers; says 725 of new cuts will come at British subsidiary, FDRLimited (S)
Full Article
THE MARKETS: Market Place; News Corporation and Liberty Media complete an asset swap.
Date: 28 September 2000
By Geraldine Fabrikant
Geraldine Fabrikant
News Corp and Liberty Media Group agree to complex stock and asset swap in which Liberty Media will increase its stake in News Corp and News Corp will pick up Liberty's Gemstar-TV Guide International holdings; Liberty will swap roughly 86.5 million shares of Gemstar; deal is valued at about $5.3 billion; Liberty will also contribute some of its interest in South America cable businesses worth around $400 million; company will receive 121.5 million nonvoting News Corp American depository receipts, total value of $5.79 billion; that stake represents 80 percent of payment News Corp plans to make, giving entire Gemstar stock purchase a value of around $7.2 billion; Liberty's chairman, John C Malone, has agreed to take balance in Sky Global Networks stock worth $1.4 billion; Liberty will get roughly $400 million in additional Sky Global stock in exchange for South American cable businesses; deal is strategically important because it helps put valuation on Sky Global of about $38 billion shortly before its public offering, which is expected to take place by end of year (M)
Full Article
NEWS SUMMARY
Date: 27 September 2000
Full Article
NEWS SUMMARY
Date: 28 September 2000
Full Article
Radio Station to Broadcast All News All the Time in Spanish Starting Today
Date: 27 September 2000
By JAYSON BLAIR
Jayson BLAIR
WNNY-AM to begin broadcasting as New York area's first all-news, all-Spanish radio station; Mega Communications bought former WDKM for $45 million (S)
Full Article
Lawrence G. Hauck, 88, Former News Editor of New York Times
Date: 27 September 2000
By EDWARD WONG
Edward WONG
Lawrence G Hauck, former news editor of The New York Times, dies at age 88; photo (S)
Full Article
Metro Business; Newsstand Union Vote
Date: 27 September 2000
By Steven Greenhouse
Steven Greenhouse
Newsstand employees at Hudson News Company vote to join New York Newspaper Guild (S)
Full Article
Don't Like Today's Candidates? Step Back in Time
Date: 28 September 2000
By MATTHEW MIRAPAUL
Matthew MIRAPAUL
American Museum of Moving Image presents online compilation of television campaign ads for presidential elections since 1952; photo (S)
Full Article
GOLDMAN SACHS TO START VENTURE CAPITAL BUSINESS
Date: 28 September 2000
Goldman Sachs Group Inc is starting venture-capital business with $250 million of firm's capital to invest in fledgling financial-services companies; new comapny, GS Ventures, will be run by Michael P Mortara, Goldman's former co-head of fixed-income, currency and commodities (S)
Full Article
UTILITY SAYS PROFITS WILL BEAT ESTIMATES IN 3RD QUARTER
Date: 28 September 2000
Reliant Energy Inc expects its third-quarter profit to exceed analysts' estimates, buoyed by wholesale power sales in California region and its utility in Houston (S)
Full Article
FIRST DATA TO DROP ANOTHER 1,000 EMPLOYEES
Date: 28 September 2000
First Data Corp, which earlier this year said it would cut 1,940 jobs, will lay off another 1,000 employees to try to increase profits; company processes credit card payment and does billing for credit card issuers; says 725 of new cuts will come at British subsidiary, FDRLimited (S)
Full Article
THE MARKETS: Market Place; News Corporation and Liberty Media complete an asset swap.
Date: 28 September 2000
By Geraldine Fabrikant
Geraldine Fabrikant
News Corp and Liberty Media Group agree to complex stock and asset swap in which Liberty Media will increase its stake in News Corp and News Corp will pick up Liberty's Gemstar-TV Guide International holdings; Liberty will swap roughly 86.5 million shares of Gemstar; deal is valued at about $5.3 billion; Liberty will also contribute some of its interest in South America cable businesses worth around $400 million; company will receive 121.5 million nonvoting News Corp American depository receipts, total value of $5.79 billion; that stake represents 80 percent of payment News Corp plans to make, giving entire Gemstar stock purchase a value of around $7.2 billion; Liberty's chairman, John C Malone, has agreed to take balance in Sky Global Networks stock worth $1.4 billion; Liberty will get roughly $400 million in additional Sky Global stock in exchange for South American cable businesses; deal is strategically important because it helps put valuation on Sky Global of about $38 billion shortly before its public offering, which is expected to take place by end of year (M)
Full Article
NEWS SUMMARY
Date: 27 September 2000
Full Article
NEWS SUMMARY
Date: 28 September 2000
Full Article
Radio Station to Broadcast All News All the Time in Spanish Starting Today
Date: 27 September 2000
By JAYSON BLAIR
Jayson BLAIR
WNNY-AM to begin broadcasting as New York area's first all-news, all-Spanish radio station; Mega Communications bought former WDKM for $45 million (S)
Full Article
Lawrence G. Hauck, 88, Former News Editor of New York Times
Date: 27 September 2000
By EDWARD WONG
Edward WONG
Lawrence G Hauck, former news editor of The New York Times, dies at age 88; photo (S)
Full Article
Metro Business; Newsstand Union Vote
Date: 27 September 2000
By Steven Greenhouse
Steven Greenhouse
Newsstand employees at Hudson News Company vote to join New York Newspaper Guild (S)
Full Article
Don't Like Today's Candidates? Step Back in Time
Date: 28 September 2000
By MATTHEW MIRAPAUL
Matthew MIRAPAUL
American Museum of Moving Image presents online compilation of television campaign ads for presidential elections since 1952; photo (S)
Full Article
GOLDMAN SACHS TO START VENTURE CAPITAL BUSINESS
Date: 28 September 2000
Goldman Sachs Group Inc is starting venture-capital business with $250 million of firm's capital to invest in fledgling financial-services companies; new comapny, GS Ventures, will be run by Michael P Mortara, Goldman's former co-head of fixed-income, currency and commodities (S)
Full Article
UTILITY SAYS PROFITS WILL BEAT ESTIMATES IN 3RD QUARTER
Date: 28 September 2000
Reliant Energy Inc expects its third-quarter profit to exceed analysts' estimates, buoyed by wholesale power sales in California region and its utility in Houston (S)
Full Article
FIRST DATA TO DROP ANOTHER 1,000 EMPLOYEES
Date: 28 September 2000
First Data Corp, which earlier this year said it would cut 1,940 jobs, will lay off another 1,000 employees to try to increase profits; company processes credit card payment and does billing for credit card issuers; says 725 of new cuts will come at British subsidiary, FDRLimited (S)
Full Article
THE MARKETS: Market Place; News Corporation and Liberty Media complete an asset swap.
Date: 28 September 2000
By Geraldine Fabrikant
Geraldine Fabrikant
News Corp and Liberty Media Group agree to complex stock and asset swap in which Liberty Media will increase its stake in News Corp and News Corp will pick up Liberty's Gemstar-TV Guide International holdings; Liberty will swap roughly 86.5 million shares of Gemstar; deal is valued at about $5.3 billion; Liberty will also contribute some of its interest in South America cable businesses worth around $400 million; company will receive 121.5 million nonvoting News Corp American depository receipts, total value of $5.79 billion; that stake represents 80 percent of payment News Corp plans to make, giving entire Gemstar stock purchase a value of around $7.2 billion; Liberty's chairman, John C Malone, has agreed to take balance in Sky Global Networks stock worth $1.4 billion; Liberty will get roughly $400 million in additional Sky Global stock in exchange for South American cable businesses; deal is strategically important because it helps put valuation on Sky Global of about $38 billion shortly before its public offering, which is expected to take place by end of year (M)
Full Article
NEWS SUMMARY
Date: 27 September 2000
Full Article
NEWS SUMMARY
Date: 28 September 2000
Full Article
Radio Station to Broadcast All News All the Time in Spanish Starting Today
Date: 27 September 2000
By JAYSON BLAIR
Jayson BLAIR
WNNY-AM to begin broadcasting as New York area's first all-news, all-Spanish radio station; Mega Communications bought former WDKM for $45 million (S)
Full Article
Lawrence G. Hauck, 88, Former News Editor of New York Times
Date: 27 September 2000
By EDWARD WONG
Edward WONG
Lawrence G Hauck, former news editor of The New York Times, dies at age 88; photo (S)
Full Article
Metro Business; Newsstand Union Vote
Date: 27 September 2000
By Steven Greenhouse
Steven Greenhouse
Newsstand employees at Hudson News Company vote to join New York Newspaper Guild (S)
Full Article
Don't Like Today's Candidates? Step Back in Time
Date: 28 September 2000
By MATTHEW MIRAPAUL
Matthew MIRAPAUL
American Museum of Moving Image presents online compilation of television campaign ads for presidential elections since 1952; photo (S)
Full Article
GOLDMAN SACHS TO START VENTURE CAPITAL BUSINESS
Date: 28 September 2000
Goldman Sachs Group Inc is starting venture-capital business with $250 million of firm's capital to invest in fledgling financial-services companies; new comapny, GS Ventures, will be run by Michael P Mortara, Goldman's former co-head of fixed-income, currency and commodities (S)
Full Article
UTILITY SAYS PROFITS WILL BEAT ESTIMATES IN 3RD QUARTER
Date: 28 September 2000
Reliant Energy Inc expects its third-quarter profit to exceed analysts' estimates, buoyed by wholesale power sales in California region and its utility in Houston (S)
Full Article
FIRST DATA TO DROP ANOTHER 1,000 EMPLOYEES
Date: 28 September 2000
First Data Corp, which earlier this year said it would cut 1,940 jobs, will lay off another 1,000 employees to try to increase profits; company processes credit card payment and does billing for credit card issuers; says 725 of new cuts will come at British subsidiary, FDRLimited (S)
Full Article
THE MARKETS: Market Place; News Corporation and Liberty Media complete an asset swap.
Date: 28 September 2000
By Geraldine Fabrikant
Geraldine Fabrikant
News Corp and Liberty Media Group agree to complex stock and asset swap in which Liberty Media will increase its stake in News Corp and News Corp will pick up Liberty's Gemstar-TV Guide International holdings; Liberty will swap roughly 86.5 million shares of Gemstar; deal is valued at about $5.3 billion; Liberty will also contribute some of its interest in South America cable businesses worth around $400 million; company will receive 121.5 million nonvoting News Corp American depository receipts, total value of $5.79 billion; that stake represents 80 percent of payment News Corp plans to make, giving entire Gemstar stock purchase a value of around $7.2 billion; Liberty's chairman, John C Malone, has agreed to take balance in Sky Global Networks stock worth $1.4 billion; Liberty will get roughly $400 million in additional Sky Global stock in exchange for South American cable businesses; deal is strategically important because it helps put valuation on Sky Global of about $38 billion shortly before its public offering, which is expected to take place by end of year (M)
Full Article
NEWS SUMMARY
Date: 27 September 2000
Full Article
NEWS SUMMARY
Date: 28 September 2000
Full Article
Radio Station to Broadcast All News All the Time in Spanish Starting Today
Date: 27 September 2000
By JAYSON BLAIR
Jayson BLAIR
WNNY-AM to begin broadcasting as New York area's first all-news, all-Spanish radio station; Mega Communications bought former WDKM for $45 million (S)
Full Article
Lawrence G. Hauck, 88, Former News Editor of New York Times
Date: 27 September 2000
By EDWARD WONG
Edward WONG
Lawrence G Hauck, former news editor of The New York Times, dies at age 88; photo (S)
Full Article
Metro Business; Newsstand Union Vote
Date: 27 September 2000
By Steven Greenhouse
Steven Greenhouse
Newsstand employees at Hudson News Company vote to join New York Newspaper Guild (S)
Full Article
Don't Like Today's Candidates? Step Back in Time
Date: 28 September 2000
By MATTHEW MIRAPAUL
Matthew MIRAPAUL
American Museum of Moving Image presents online compilation of television campaign ads for presidential elections since 1952; photo (S)
Full Article
GOLDMAN SACHS TO START VENTURE CAPITAL BUSINESS
Date: 28 September 2000
Goldman Sachs Group Inc is starting venture-capital business with $250 million of firm's capital to invest in fledgling financial-services companies; new comapny, GS Ventures, will be run by Michael P Mortara, Goldman's former co-head of fixed-income, currency and commodities (S)
Full Article
UTILITY SAYS PROFITS WILL BEAT ESTIMATES IN 3RD QUARTER
Date: 28 September 2000
Reliant Energy Inc expects its third-quarter profit to exceed analysts' estimates, buoyed by wholesale power sales in California region and its utility in Houston (S)
Full Article
FIRST DATA TO DROP ANOTHER 1,000 EMPLOYEES
Date: 28 September 2000
First Data Corp, which earlier this year said it would cut 1,940 jobs, will lay off another 1,000 employees to try to increase profits; company processes credit card payment and does billing for credit card issuers; says 725 of new cuts will come at British subsidiary, FDRLimited (S)
Full Article