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Date: 11 January 2000
By Bloomberg News
Bloomberg News
TheStreet.com Inc, financial Web site based in New York, says its news services will be free while some of its other sites will require fee-based subscriptions (S)
Date: 12 January 2000
By Alex Kuczynski
Alex Kuczynski
CBS television news programs are using digital images imposed over real objects like competitors' signs to transmit program logos to viewers; CBS Evening News broadcast live from Times Square on New Year's Eve showed billboard behind Dan Rather that was actually digital image covering NBC sign; photo of logo of The Early Show superimposed on General Motors building where show is broadcast; inserting digital images has become common in sports and entertainment programming to show advertising and corporate logos, but has been considered inappropriate for news shows; CBS defends its ethics; news director Eric Shapiro says Rather knew about use of virtual technology during his broadcast (M)
Date: 12 January 2000
By Felicity Barringer
Felicity Barringer
Established media companies are nervous in wake of America Online's acquisition of Time Warner Inc, old media company; executives of older media companies are proclaiming that value of their information has been vindicated; News Corp chairman Rupert Murdoch is reported saying that he has ruled out buying or merging with Internet company, but when company's stock falls, spokesman for Murdoch issues clarification, saying that News Corp would consider any deal that is good for enterprise and its shareholders; New York Times Co president-chief executive Russell T Lewis says AOL-Time Warner deal validates time-tested notion that content is critical to success in any medium, including the Internet; says this is consistent with our strategy of providing high-quality news, information and interaction (M)
Date: 11 January 2000
By Felicity Barringer
Felicity Barringer
Merger of Time Warner with America Online renews concern that news outlets are losing their independence; it fans newer concerns that Internet has become prey to corporate consolidations; worry is not that there are fewer media outlets--opposite is true--but that fewer people have ultimate control over them (M)
Date: 11 January 2000
By Alex Kuczynski and Bill Carter
Alex Kuczynski
America Online-Time Warner merger will have potentially enormous effect on Time Warner's individual units; most immedaite is seen for CNN, which would benefit from promotional strength offered by AOL's $22 million subscribers; huge effect, if not immediate, is also expected for Time Warner's music division, which will become first major record company to be so closely affiliated with Internet company through an ability to deliver music online (M)
Date: 11 January 2000
By Elisabeth Rosenthal
Elisabeth Rosenthal
China seems tolerant of wildly popular, and politically unthreatening, boom in research into unidentified flying objects spurred in part by recent rash of sightings; official news media lavishes attention on UFO news; many of China's UFO enthusiasts are scientists and engineers, not sci-fi buffs; map; photo (M)
Date: 11 January 2000
By Alex Berenson and Bill Carter
Alex Berenson
Combination of America Online and Time Warner would create colossus that could force competitors from Walt Disney Co to AT&T to Microsoft Corp to reconsider their strategies; deal leaves Disney, News Corp, Seagram, NBC, Viacom-CBS and smaller older-media companies with choice of carving future alone on Internet or merging with new-media companies like Yahoo, putting their future in hands of businesses that hardly existed five years ago (M)
Date: 12 January 2000
By Bloomberg News
Bloomberg News
Columbus McKinnon Corp hires investment bank Bear, Stearns & Co to help it explore options, including possible sale or merger, to help raise its lagging stock price (S)
Date: 11 January 2000
By Bloomberg News
Bloomberg News
Vignette Corp acquires DataSage Inc for about $553.6 million in stock (S)
Date: 11 January 2000
By Bloomberg News
Bloomberg News
Schlumberger Ltd will take fourth-quarter charges totaling $113 million, including $50 million for costs of spinoff and merger of its Sedco Forex unit; another $37 million will cover costs of revamping its land-drilling operations, and $26 million will pay for reducing its seismic fleet; Schlumberger needs to cut costs after merging Sedco Forex with Transocean Offshore Inc on Dec 31 (S)
Date: 12 January 2000
By Bloomberg News
Bloomberg News
Corning Inc plans to sell 13 million shares to pay for its $1.4 billion acquisition of fiber optic businesses of Siemens AG (S)