Murdoch Buys Half of Two Hungarian Newspapers
Rupert Murdoch announced that News International Corp bought 50 percent of Reform, a weekly, and Mai Nap, a daily, in Hungary. The deal, worth 4 million dollars, makes him the first Westerner to invest significantly in Eastern Europe's free press, with a guaranteed return via the Hungarian Credit Bank if profits dip.
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Followers mourn Bhagwan Rajneesh death in Poona
Thousands of Rajneesh followers gathered at his Poona commune to mourn his death and celebrate what they call the release of his spirit. The 58 year old guru died on Friday officially of heart failure after a controversial period in the United States and four years in Oregon.
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