CNN Hires ABC Producer To Head U.S. News Network
Date: 06 August 1997
By Mark Landler
Mark Landler
Cable News Network, in effort to revive its torpid ratings, names Richard N Kaplan, broadcast news executive, as its president; Kaplan, who won 34 Emmy Awards as producer at ABC News and CBS News, will take over CNN's flagship news network in the United States; Tom Johnson, who had help job, will continue to oversee CNN News Group (M)
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Gannett Chain Strengthens Its Presence In New Jersey by Buying 2 Newspapers
Date: 07 August 1997
By David M. Halbfinger
David
Gannett Co agrees to buy The Asbury Park Press and The Home News and Tribune of East Brunswick, putting media chain in position to dominate southern two-thirds of New Jersey and turning central New Jersey into battleground with Star-Ledger of Newark; terms of transaction are not disclosed; agreement ends family control of two papers, which were founded separately in 1879 but have been commonly owned by New Jersey Press Inc since 1995; deal must be approved by Justice Dept; photos (M)
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OIL COMPANY'S STOCK LOSES 18% ON RESERVES NEWS
Date: 06 August 1997
By Bloomberg News
Bloomberg News
Shortly before Texas Utilities closed its $1.7 billion acquisition of Enserch Corp, Enserch spun off its Exploration unit; unit's shares decline 18 percent, closing at $8 (S)
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SULLIVAN BROADCASTING TO BUY TV STATION FOR $60 MILLION
Date: 07 August 1997
By Bloomberg News
Bloomberg News
Sinclair Broadcast Group Inc will sell KOKH-TV in Oklahoma City to Sullivan Broadcasting for $60 million in cash, eliminating obstacle to its planned $630 million acquisition of Heritage Media Corp's television and radio stations (S)
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NORTHERN TELECOM WINS GERMAN WIRELESS CONTRACT
Date: 07 August 1997
By Bloomberg News
Bloomberg News
Northern Telecom Ltd beats European rivals in winning contract valued at as much as $290 million from Viag Interkom to supply wireless networking equipment for new system being built in Germany (S)
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GTECH AND NTN COMMUNICATIONS CANCEL MERGER DEAL
Date: 07 August 1997
By Bloomberg News
Bloomberg News
Gtech Holdings Corp cancels plans to buy NTN Communications Inc for $140 million (S)
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STAAR SURGICAL GETS F.D.A. APPROVAL FOR LENS TESTS
Date: 07 August 1997
By Bloomberg News
Bloomberg News
Staar Surgical Co receives Food and Drug Administration approval to begin second phase of clinical trials of implantable contact lenses to correct nearsightedness (S)
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MICROSOFT BUYS VXTREME FOR INTERNET AUDIO AND VIDEO
Date: 06 August 1997
By Bloomberg News
Bloomberg News
Microsoft Corporation acquires Internet start-up company, Vxtreme Inc, to let companies send sound and video over the Internet; terms are not disclosed (S)
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CARR-GOTTSTEIN HAS LOSS AFTER CHARGE TO CLOSE UNITS
Date: 07 August 1997
By Bloomberg News
Bloomberg News
Carr-Gottstein Foods Company reports second-quarter 1997 loss of $5.1 million, after taking pre-tax loss of $8.9 million (S)
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EQUITY OFFICE TO BUY 13 BUILDINGS AND A PARKING GARAGE
Date: 06 August 1997
By Bloomberg News
Bloomberg News
Equity Office Properties Trust to buy 13 office buildings, including headquarters of Texaco Inc.'s production operations, and parking garage for $284.7 million in cash, securities and assumed debt (S)
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