Into the Breach; Editor Steps into the Heart of Turbulence at U.S. News
Date: 03 August 1998
By Robin Pogrebin
Robin Pogrebin
Stephen G Smith takes over as editor of US News & World Report at difficult time; his predecessor, James Fallows, is still hashing out severance agreement with magazine's owner, Mortimer B Zuckerman, and at least nine staff members are leaving or have already left; morale is low and many reporters and editors wonder how long Smith will last; he is seventh editor at US News since Zuckerman bought magazine 14 years ago; Zuckerman says he wants to move magazine back to more conventional news magazine format, but critics say US News cannot compete with Time or Newsweek on that ground, because it has fewer resources, smaller staff and earlier deadlines; they say US News needs to carve out its own distinct role; photo chart (M)
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Industry View; Internet journalists are beginning to gain respect in an area once seen as a stepchild by established media companies.
Date: 03 August 1998
By Jamie Heller
Jamie Heller
Industry View column by Jamie Heller says on-line journalism's stigma as unworthy stepchild of print journalism has begun to fade as respected print journalists flocked to Net; notes that some major media companies now treat their on-line publications as more than just brand extensions; says these attitudinal shifts point to potential career rewards for on-line risk takers; drawing (M)
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As Crime Falls, Pressure Rises To Alter Data
Date: 03 August 1998
By Fox Butterfield
Fox Butterfield
Senior police officials nationwide are concerned that sharp drop in crime in recent years has produced new pressure on police departments to show ever-decreasing crime statistics and might be behind incidents in several cities in which commanders have manipulated crime data; cities include Atlanta, New York, Philadelphia and Boca Raton; officials remain convinced of nationwide drop in crime since 1992, but are questioning whether politicians seeking office, news media and public should attach so much importance to annual, and sometimes monthly, release of crime figures; photo (M)
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TENET AND VANGUARD IN BIDDING FOR ALLEGHENY HOSPITALS
Date: 04 August 1998
By Bloomberg News
Bloomberg News
Allegheny Health Education and Research Foundation agrees to sell eight hospitals in Philadelphia area to Vanguard Health Systems Inc for as much as $540 milion as part of its bankruptcy reorganzation, while leaving door opoen for rival proposal from Tenet Healthcare Corp (S)
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SARA LEE TO SELL THREE FACTORIES IN EUROPE
Date: 04 August 1998
By Bloomberg News
Bloomberg News
Sara Lee Corp will sell three factories in Europe, generating $200 million in cash; will sell two soap and lotion plants in Italy to Cover SRL; will also sell aerosol factory in Belgium to Trost Group International; Sara Lee will use proceeds to buy back shares (S)
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MERCANTILE IN $118 STOCK DEAL FOR FINANCIAL SERVICE
Date: 04 August 1998
By Bloomberg News
Bloomberg News
Mercantile Bancorporation acquires Financial Service Corp of Midwest for $118 million in stock (S)
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DILLARD'S TO SELL 26 STORES TO MAY AND PROFFITT'S
Date: 04 August 1998
By Bloomberg News
Bloomberg News
Dillard's Inc to sell 26 properties it acquires with its $2.9 billion purchase of Mercantile Stores Co to May Department Stores and Proffitt's Inc as it sorts out overlapping markets; analysts estimate Dillard's will get $650 million to $700 million for stores (S)
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CROWN BOOKS TO CLOSE 79 STORES AND LAY OFF 1,250
Date: 04 August 1998
By Bloomberg News
Bloomberg News
Crown Books Corp to close 79 of its 174 stores as soon as possible and lay off 1,250 workers as it tries to emerge from bankruptcy protection and return to profitability (S)
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DAMES & MOORE BUYS RADIAN FROM DOW FOR $117 MILLION
Date: 04 August 1998
By Bloomberg News
Bloomberg News
Dames & Moore Group acquires Radian International LLC from Dow Chemical Co for $117 million in cash (S)
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2 Liquor Store Chains May Merge in Britain
Date: 04 August 1998
By Bloomberg News
Bloomberg News
Allied Domecq P.L.C. and Whitbread P.L.C. said yesterday that they were in talks that could lead to the merger of their Victoria Wine and Thresher liquor stores as the two companies seek ways to fight competition from supermarkets. According to George Welham, a spokesman for Victoria Wine's parent, Allied Domecq, the talks are about ''putting their chains into a 50-50 company.''
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