THE MEDIA BUSINESS;America Online Forms Alliance for News
Date: 18 July 1996
Dow Jones
Dow Jones
America Online Inc. said today that it had teamed with the Tribune Company to expand the local news and services it offers to 88 local markets on the Internet. The venture, dubbed Digital City, already operates in Washington, Boston and San Francisco, providing America Online members with information on local news, weather, sports, traffic conditions and local events.
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Perelman and Murdoch In Talks on Acquisition
Date: 17 July 1996
By Geraldine Fabrikant
Geraldine Fabrikant
In a last minute turnaround, New World Communications Group Inc. apparently broke off its pending acquisition of King World Productions Inc. yesterday, the day it was set to be approved, and is in negotiations to be acquired by the News Corporation in a deal estimated at $2.5 billion, according to several people with knowledge of the discussions. Executives at New World, News Corporation and King World were unavailable for comment late yesterday.
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An Accord That Could Help Murdoch
Date: 18 July 1996
By Mark Landler
Mark Landler
Time Warner and the Turner Broadcasting System are the obvious victors in yesterday's agreement between Time Warner and the Federal Trade Commission. But the deal could also be a big windfall for a media mogul with no ties to either company: Rupert Murdoch. Mr. Murdoch's company, News Corporation, is starting a 24-hour news channel that will compete with Turner's CNN. As one of the key provisions in the F.T.C. agreement, Time Warner has pledged to carry a second news channel to compete with CNN on its cable systems.
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THE MEDIA BUSINESS;Time Warner Near Approval In Turner Deal
Date: 18 July 1996
By Geraldine Fabrikant
Geraldine Fabrikant
The Federal Trade Commission effectively cleared the way for the merger of Time Warner Inc. and Turner Broadcasting System Inc. yesterday but will require the new company's cable-television system to carry a second news channel as a rival to its own Cable News Network. The requirement for the second channel is intended to increase competition in cable programming. According to communications lawyers, it is the first time that the Government has mandated that a cable company carry a particular type of programming on a broad national scale. Previously, cable companies have only been required to carry broadcast channels, to assure that customers continue to receive television programming that has historically been free.
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Telling the Truth
Date: 18 July 1996
By Iver Peterson
Iver Peterson
Now that Joe Klein has come clean and admitted that he was the Anonymous behind "Primary Colors," a more complicated question takes the place of the original hunt for the writer, at least among reporters and editors. The question is, Is Mr. Klein somehow morally or ethically at fault for not only denying his authorship, but also going out of his way to deny it? And what is the ethical position of Newweek, whose editor, Maynard Parker, was in on the secret from the start and not only kept it out of his magazine, but also kept one of his own reporters in the dark when that reporter wrote one of Newsweek's few brief pieces on the year's most delicious literary mystery?
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POLITICAL BRIEFING: THE STATES AND THE ISSUES
Date: 18 July 1996
By Robin Toner
Robin Toner
North Carolina A Timing Question On Redistricting
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TV Notes;Limbaugh to Fox News?
Date: 17 July 1996
By Bill Carter
Bill Carter
Is Rush Limbaugh headed for the new 24-hour Fox News channel? That is what many in the industry have concluded in the wake of Mr. Limbaugh's announcement this week that he is quitting his syndicated television show. The show, which is carried in New York City on WNYW, Channel 5, would supposedly continue until September.
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TV Notes;Imus in the Morning News
Date: 17 July 1996
By Bill Carter
Bill Carter
NBC's new 24-hour news channel, MSNBC, is to announce a deal today with Don Imus, the outspoken radio talk host, that will bring his program to the cable channel live each morning. Mr. Imus, who often has guests from the world of politics, is a particular favorite of other members of the media. He is to continue the show he has always done, with MSNBC cameras in his radio studio.
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