AFTER MARKETWATCH PURCHASE, DOW JONES TO CUT 97 JOBS
Date: 27 January 2005
By Bloomberg News
Bloomberg News
Dow Jones will cut 97 jobs as company completes purchase of online news service MarketWatch; about half of jobs will be eliminated immediately, and rest throughout year (S)
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Fox Deadline Extended
Date: 28 January 2005
News Corp extends by two weeks, to Feb 22, deadline for its offer to buy 18 percent of Fox Entertainment Group that is held by public (S)
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The Best Coverage Money Can Buy
Date: 27 January 2005
Editorial says when Pres Bush was asked at his news conference about administration officials who use taxpayers' money to pay journalists to promote his policies, he said he has ordered stop to that practice; notes he did not say whether his new policy extends to staff members who deny reporters airplane seats and other access as punishment for their coverage
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Bush Prohibits Paying of Commentators
Date: 27 January 2005
By Anne E. Kornblut
Anne Kornblut
Pres Bush explicitly forbids his cabinet to pay commentators to promote his policies; columnist and marriage expert Maggie Gallagher admits that she erred in failing to disclose to readers that she had $21,500 contract with Health and Human Services Dept for writing and advisory work about marriage policy; draws distinction between her work and that of Armstrong Williams, who promoted No Child Left Behind Act, saying she had been hired for her expertise, not to spread views of administration; excerpt of column by Gallagher in defense of $300 million healthy marriage initiative; Sens Frank Lautenberg and Edward Kennedy announce plan to introduce legislation to address agencies' efforts to manipulate coverage of their policies; photo (M)
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U.S. Backs Off Relaxing Rules for Big Media
Date: 28 January 2005
By Stephen Labaton
Stephen Labaton
Media companies hoping to expand their television station holdings and to own both TV stations and newspapers in same markets suffer setback when Bush administration decides to abandon its challenge to ruling that blocked relaxation of ownership rules; Justice Department will not ask Supreme Court to consider decision last year by federal appeals court in Philadelphia that sharply criticized move to ward deregulation and ordered Federal Communications Commission to reconsider its action; decision is final slap to Michael K Powell, departing chairman of FCC, who had advocated changes; decision also throws into question future of newspapers and TV stations owned by Tribune Co and Media General, which made acquisitions in anticipation of further deregulation; they would have to request exemptions from FCC if they were to keep acquisitions; photo (M)
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Love for Sale
Date: 27 January 2005
By Maureen Dowd
Maureen Dowd
Maureen Dowd Op-Ed column on news that Bush administration is paying some journalists to promote its policies; facetiously offers her column to administration, so she can pay her Christmas bills (M)
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To Whom It May Infuriate
Date: 27 January 2005
By Alan Feuer
Alan Feuer
Bitter battle of opinion has erupted in pages of Riverdale Review, local weekly newspaper in Riverdale section of Bronx; Patricia Goldstein, nurse and self-described conservative, in letter to editor has accused Review of catering to 'Jewish Bolsheviks' by printing sorry ramblings of so many liberals; Stuart Eber and other liberals call Goldstein 'McCarthyite' and fool; Andrew Wolf, editor and publisher, is caught in middle; he says partisan bickering has overshadowed real problems that confront neighborhood; photos (M)
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CORNING APPOINTS ITS CHAIRMAN AS CHIEF EXECUTIVE
Date: 28 January 2005
By Bloomberg News
Bloomberg News
Corning Inc names president Wendell P Weeks chief executive, succeeding James R Houghton, who will keep title of chairman; Peter F Volanakis will succeed Weeks as chief operating officer (S)
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MCDONALD'S NAMES FOUR EXECUTIVES TO NEW POSITIONS
Date: 27 January 2005
By Bloomberg News
Bloomberg News
McDonald's names Ralph Alvarez, president of McDonald's USA, president of company's North America division and names Tim Fenton president of Asia, Pacific, Middle East and Africa unit; Fenton succeeds Marvin Whaley, who is retiring; Jeff Stratton, McDonald's USA's chief opertions officer, is named executive vice president of restaurant solutions group; Don Thompson, vice president of restaurant solutions group, is named chief operations officer of McDonald's USA (S)
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TOP LAWYER FOR INSURER UNDER INVESTIGATION RETIRES
Date: 28 January 2005
By Bloomberg News
Bloomberg News
Ace Ltd, an insurer based in Bermuda that is under investigation by New York Atty Gen Eliot Spitzer, says Peter Mear will retire as company's top lawyer and be succeeded by company's outside counselor Robert F Cusumano; spokesman Robert Grieves says Mear's departure is nto related to probe, which focuses on accusations of bid-rigging and kickbacks between insurers and brokers (S)
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