Fast Track To Anxiety In TV News
Date: 20 July 1998
By Doreen Carvajal
Doreen Carvajal
Evolving roles of television correspondents and producers are under uncommon level of scrutiny with CNN's decision to retract report that United States military used nerve gas during war in Vietnam; subsequent dismissals of two CNN producers and awkward claim by correpondent involved, Peter Arnett, that he was 'face' with minimal participation in sensitive project has rattled many television producers who argue that accomplished correspondents preside over stories like tough editors, although they concede such involvement varies; prime-time news magazines are reliable profit center for networks, and they are proliferating; this creates new opportunity for producers, but raises concerns among them that competitive environment has increased their responsibilities and intensifed potential journalistic hazards; photo (M)
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Post Gets $24.4 Million in Incentives to Stay in New York
Date: 21 July 1998
By Charles V Bagli
Charles Bagli
New York Post gets $24.4 million in incentives from New York City to build new printing plant at rail yard in South Bronx, including $12.9-million state cash grant; subsidies are second in two years; officials had feared paper would follow New York Daily News to Jersey City; 1992 benefit package to The New York Times also noted (S)
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Where Journalists Still Get Respect
Date: 21 July 1998
By Gustavo Gorriti
Gustavo Gorriti
Op-Ed article by Peruvian journalist Gustavo Gorriti lamenting current state of American journalism; says extremely low regard American public has for journalists is in striking contrast to standing journalists enjoy in Latin America, where they are consistently rated almost as high as Roman Catholic Church; photo (M)
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Media Talk; Coverage of Columnist Provokes Complaints
Date: 20 July 1998
By Felicity Barringer
Felicity Barringer
Boston Globe gets letter of complaint from group of 20 black women, about Globe's 'excessive' coverage of Patricia Smith, columnist who resigned after acknowleding that she fabricated characters in four columns; women say they do not condone Smith's 'misdeed,' nor paper's decision to seek her resignation; say they do object to 'ugly, vindictive campaign' Globe is waging to obliterate Smith's otherwise stellar record of achievement (S)
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FAIRCHILD SEMICONDUCTOR TO DISMISS 200 WORKERS
Date: 21 July 1998
By Bloomberg News
Bloomberg News
Fairchild Semiconductor Corp plans to dismiss about 200 workers because of worldwide slowdown in electronics industry (S)
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INVESTORS FINANCIAL AND BANKBOSTON IN $50 MILLION DEAL
Date: 21 July 1998
By Bloomberg News
Bloomberg News
Investors Financial Services Corp to buy BankBoston Corp's domestic institutional custody unit for as much as $50 million (S)
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SYQUEST HIRES CIBC OPPENHEIMER TO EXPLORE OPTIONS
Date: 21 July 1998
By Bloomberg News
Bloomberg News
Syquest Technology Inc hires investment banking firm CIBC Oppenheimer to help it explore acquisitions and financing (S)
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LEVEL 3 TO SELL NETWORK SPACE TO NEXTEL AND MCCAW
Date: 21 July 1998
By Bloomberg News
Bloomberg News
Level 3 Communications Inc to sell capacity on its nationwide fiber optic network to Nextel Communications Inc and other affiliates of entrepreneur Craig McCaw for $700 million; Level 3, which plans to have its network operating by 2001 to compete with systems being built by Qwest Communications Inc and others, also declares 2-for-1 stock split of its shares (S)
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PENNCORP TO GET $75 MILLION FROM RISK CAPITAL GROUP
Date: 21 July 1998
By Bloomberg News
Bloomberg News
Penncorp Financial Group Inc will receive as much as $75 million in new capital from group of investors including reinsurance company Risk Capital Holdings Inc (S)
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2 Employees Dismissed by London Market
Date: 21 July 1998
By Bloomberg News
Bloomberg News
London Stock Exchange says it dismissed two unidentified junior employees last year because of suspicious trading activity, but that investigation determined exchange had sufficient safeguard in place; amount of money traded on information was less than $16,500 (S)
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