Don't Call It Journalism
Date: 14 July 1998
Editorial on 'synergy' as latest corporate grail of media giants that devour other media giants; notes 'synergy' and ethics collisions in recent months, as well as hoople over new 'media venture' being created for Tina Brown as she leaves New Yorker magazine for Disney's huge kingdom
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Liberties; How About Our Needs?
Date: 15 July 1998
By Maureen Dowd
Maureen Dowd
Maureen Dowd observes that summer of '98 will be remembered as summer that news media decided to forget about news and focus on themselves; sees guild in midst of weird collective breakdown; observes that while journalists have always been self-regarding, now 'we're positively solipsistic, with no time or interest in covering anything outside our own travails' (M)
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PHYMATRIX HIRES SALOMON TO WEIGH OFFERS
Date: 14 July 1998
By Bloomberg News
Bloomberg News
Phymatrix Corp hires Salomon Smith Barney to evaluate offers it has received as it considers merger or sale of all or part of company (S)
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THE LEARNING COMPANY SELLS A CANADIAN BUSINESS
Date: 14 July 1998
By Bloomberg News
Bloomberg News
Learning Co says its Canadian unit, Softkey Software Products, sold its Canadian income tax software business to CCH Canadian Ltd, a unit of Wolters Kluwer NV, for $45 million in cash (S)
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UNITED AUTO EXPANDING INTO CALIFORNIA MARKET
Date: 14 July 1998
By Bloomberg News
Bloomberg News
United Auto Group Inc acquires two San Diego franchises and has agreements to buy two more as it expands into California; United Auto acquires Kearny Mesa Toyota and Lexus Kearny Mesa for undisclosed terms (S)
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CHESAPEAKE EXPLORING OPTIONS FOR 2 BUSINESSES
Date: 14 July 1998
By Bloomberg News
Bloomberg News
Chesapeake Corp says it might sell its timberlands and building-products units to focus on its tissue and packaging products; company has hired Goldman, Sachs & Co to advise it on units, Chesapeake Forest Products Co and Chesapeake Building Products Co (S)
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CAREMATRIX IN $100 MILLION DEAL FOR SENIORCARE GROUP
Date: 15 July 1998
By Bloomberg News
Bloomberg News
Carematrix Corp will buy Seniorcare Group Ltd for $100 million in cash and assumption of $50 million of debt (S)
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INTRAWEST ACQUIRES SANDESTIN RESORTS FOR $130 MILLION
Date: 15 July 1998
By Bloomberg News
Bloomberg News
Intrawest Corp purchases Sandestin Resorts hotel and conference site in Florida for about $130 million from Sime Darby of Malaysia (S)
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NEW YORK ACCOUNTING FIRM BOUGHT BY AMERICAN EXPRESS
Date: 14 July 1998
By Bloomberg News
Bloomberg News
American Express Co acquires accounting firm Goldstein Golub Kessler & Co; terms undisclosed (S)
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AVX DISMISSES 700 EMPLOYEES AFTER EARNINGS DROP 50%
Date: 15 July 1998
By Bloomberg News
Bloomberg News
AVX Corp has dismissed about 700 employees in last three months as company profits fell 50 percent (S)
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