News Corporation Promotes 2 Executives to Top Posts
Date: 30 October 1996
By Geraldine Fabrikant
Geraldine Fabrikant
News Corp promotes Peter Chernin, chairman of 20th Century Fox unit, to newly created position of president of News Corp; company names Chernin and Chase Carey, chairman of Fox Television Group, as co-chief operating officers of News Corp; both men are named to board, along with Rupert Murdoch's son, Lachlan Murdoch, who is managing director of News Ltd of Australia; Chernin and Carey are also appointed to newly created office of chairman, which has been established to oversee worldwide operations and will include Murdoch, David F DeVoe, chief financial officer, and Arthur M Siskind, the general counsel (L)
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A Ruling on Satellite Service Limits TCI's Options
Date: 30 October 1996
By Mark Landler
Mark Landler
Federal Communications Commission reaffirms a decision that bars Tele-Communications Inc from transmitting direct-broadcast satellite service to American homes from Canadian-owned satellite; FCC originally rejected request by TCI on July 15 on ground that Canada had not authorized American companies to use the satellite; TCI and its partner, Telquest Ventures, appealed the ruling; FCC, with its final ruling, has closed last avenue for TCI to upgrade its medium-powered satellite service, Prime Star, without help of Rupert Murdoch's News Corp and MCI Communications Inc; these companies jointly control only available American orbital slot for high-powered satellite service (L)
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Picking Up Endorsements
Date: 30 October 1996
By Terry Pristin
Terry Pristin
Kathleen A Donovan receives endorsements from North Jersey Herald and News, Record of Hackensack and Star-Ledger of Newark in her bid against Democrat Steven A Rothman to replace Representative Robert G Torricelli (New Jersey Daily Briefing) (S)
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It's the Media, Stupid
Date: 30 October 1996
By Frank Rich
Frank Rich
Frank Rich Op-Ed column examines Bob Dole's indictment of liberal press for his travails; says last-minute spree of media-bashing will not rescue Dole campaign because charges are not true (M)
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Bal Harbour Dreamin'
Date: 31 October 1996
By Maureen Dowd
Maureen Dowd
Maureen Dowd Op-Ed column examines allegations by Bob Dole that New York Times and liberal media are looking with disfavor on idea of Dole Presidency; says allegation is simply not true (M)
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Dole Says Vow To Trim Taxes Means Victory
Date: 30 October 1996
By Adam Nagourney
Adam Nagourney
Bob Dole campaigns in Irvine, Calif, where he focuses on his proposal for 15 percent tax cut, predicting that promise alone will win him election; seems reinvigorated and relaxed as he addresses upbeat gathering of World Affairs Council of Orange County; says tax proposal has yet to catch on because of overwhelmingly negative news coverage; photo (M)
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TOWER SEMICONDUCTOR REJECTS CHAPMAN BID
Date: 31 October 1996
By Bloomberg News
Bloomberg News
Tower Semiconductor Ltd rejects takeover proposal of $132 million from Chapman Capital LLC; Tower's chairman, George Morgenstern, calls proposed price inadequate (S)
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POLAROID TO SELL UNIT AND TAKE EARNINGS CHARGE
Date: 31 October 1996
By Bloomberg News
Bloomberg News
Polaroid Corp says it will sell its medical diagnostic photography unit for undisclosed price to Sterling Diagnostic Imaging; Polaroid also says it will take fourth-quarter charge of as much as $20 million to cut jobs in its Helios Laser Imaging unit and write down inventory (S)
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FIDELITY CAPITAL TO SELL 25% OF NETWORK PROVIDER
Date: 31 October 1996
By Bloomberg News
Bloomberg News
Fidelity Capital unit of Fidelity Investments says it plans to sell 25 percent of Colt, wholly owned European business network provider; values company at $645 million (S)
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MICHAELS STORES FORESEES BIG THIRD-QUARTER LOSS
Date: 31 October 1996
By Bloomberg News
Bloomberg News
Michaels Stores Inc predicts that it will have bigger-than-expected third-quarter loss and says it will close four stores in 1997 (S)
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