2 Newspapers Battle for Hearts, Minds and All Those Ad Dollars
Date: 16 December 1996
By Iver Peterson
Iver Peterson
Denver Post and Rocky Mountain News are engaged in one of country's last big-city newspaper wars; Denver and environs is one of richest, trendiest and fastest-growing markets in country, but neither side believes it will support two newspapers forever; competition is so fierce between Post and News that each paper regularly attacks other's circulation claims; newspaper industry is watching Denver story closely, because it is test case of two competing strategies: Post is maintaining broadest possible circulation and home delivery area, despite added expense of distant deliveries, while News is concentrating on its core market, cutting off deliveries to 25,000 readers beyond the Front Range cities; photos; graphs (M)
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When the Executives, Not the Stars, Get the Hollywood Spotlight
Date: 16 December 1996
By James Sterngold
James Sterngold
Analysis: heavy news coverage of Michael Ovitz's departure from Walt Disney Co offers several messages about values of the press and financial world and about deep changes in the economy; key isssue is that entertainment industry itself has become a kind of economic celebrity; critical growth industries are no longer steel or oil, but entertainment and information, and the technologies that convey it around the world; definition of entertainment has grown to encompass vast complex of industries, including gambling, advertising, music, sports, book publishing, theme parks, computer games and software, toys and television; they are all linked by notion that they produce 'software' exported around the globe; photos (M)
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Journalism Is Still Columbia's Priority
Date: 16 December 1996
By Iver Peterson
Iver Peterson
Joan W Konner, outgoing dean of Columbia University Graduate School of Journalism, takes pride in fact that school has stuck with its traditional curriculum and has at least maintained standards that she claims other journalism schools have let slide; she is scornful of journalism schools that have been subsumed under programs called 'mass communications skills,' in which news gathering is merged with programs teaching public relations and advertising; Tom Goldstein has been appointed new dean succeeding Konner; photo (M)
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ZURN INDUSTRIES TO BUY ELJER FOR $171.7 MILLION
Date: 17 December 1996
By Bloomberg News
Bloomberg News
Zurn Industries. Erie, Pa, says it will buy Eljer Industries, Dallas, for $24 a share, or $171.7 million (S)
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OWENS-ILLINOIS IN DEAL FOR ITALIAN GLASS MAKER
Date: 17 December 1996
By Bloomberg News
Bloomberg News
Owens-Illinois Inc to buy Italy's largest maker of glass containers, Avir SpA, for about $580 million in cash, to expand its overseas business (S)
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CAMDEN PROPERTY TRUST TO ACQUIRE PARAGON GROUP
Date: 17 December 1996
By Bloomberg News
Bloomberg News
Camden Property Trust, real estate investment trust, to buy Paragon Group, which owns apartments in the South and the Midwest, for $338 million in stock (S)
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Stocks Higher in Japan
Date: 16 December 1996
By Bloomberg News
Bloomberg News
Stocks trade slightly higher in Tokyo on Dec 16; Nikkei index is up 80.65 points, at 20,422.04 (S)
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2 Airlines Deny Report of Merger
Date: 17 December 1996
By Bloomberg News
Bloomberg News
Lufthansa and Scandinavian Airlines System deny Danish newspaper report that the alliance between the two airlines could lead to a merger or an exchange of holdings (S).
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Industrial Output Surges; Rise is Biggest in 9 Months
Date: 17 December 1996
By Bloomberg News
Bloomberg News
Federal Reserve reports industrial production surged in November, rising nine-tenths of percent after falling by revised two-tenths of percent in Oct; private economist says report suggests economic growth could exceed 2 percent in final quarter of year; graphs on capacity utilization and industrial production (M)
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Spinoff Sets NCR's Value at $3.96 Billion
Date: 17 December 1996
By Bloomberg News
Bloomberg News
AT&T Corp to distribute 101.4 million shares of NCR Corp in this month's spinoff, valuing NCR at $3.96 billion--about half of what AT&T paid for it in 1991; shareholders will get one share of NCR for every 16 AT&T shares they own (S)
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