Time Warner to buy Turner Broadcasting in 7.5B stock swap
Time Warner announces a stock-for-shares deal to acquire Turner Broadcasting System valued at about 7.5 billion dollars. The merger adds CNN and Cartoon Network, places Turner under Gerald Levin's leadership, and awaits regulatory and shareholder approvals amid resistance from Tele-Communications Inc. and its John Malone.
MENTIONED IN THIS ARTICLE
New York
Time Warner Inc
Turner
Time Warner
Time
Turner Broadcasting System Inc
Cable News Network
Cartoon Network
Gerald Levin
Time Magazine
Madonna
BBC
Levin
John Malone
Tele- Communications Inc
TCI
Malone
Turner Cable Networks
TBS
SportsSouth
Bosnian Croat leaders seek tighter fronts after clash on battlefield
In Zagreb, Bosnian government troops and Croat forces fighting Serbs struggled to coordinate. Two Bosnian and six Croat soldiers died near Bosanski Petrovac as liaison officers failed to link units. Leaders discussed strengthening Muslim Croat federation ties amid Jajce tensions.
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Zagreb
Croatia
Alija Izezegovic
Bosnia
Franjo Tudjman
Miranda Sidran
Washington
Bosanski Petrovac
Jajce
Banja Luka
Amtrak subsidy bill clears House panel for four year renewal
The House Transportation Committee approved a four year reauthorization keeping Amtrak subsidies through 1999. The bill funds operating aid at 712 million dollars annually for 1996 to 1998 and 403 million in 1999, with next year’s 628 million contingent on passage. Labor management and lawmakers praised the compromise. In South Carolina, a first gator hunt in 31 years drew hunters to private marshes for a month long season with potential prizes up to 1000 dollars per animal. About 200 gators are expected to be killed across four coastal counties.
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Washington
Amtrak
House Transportation Committee
Independence
Bud Shuster
House Appropriations Transportation
Green Pond
S.C
South Carolina
Johnny Williamson
Cuba aims to raise cigar output to 100 million a year
Cuba plans a major boost in cigar production targeting up to 114 million cigars annually, with foreign financing sought to lift output from 60 million this year. Francisco Linares Calvo of Habanos SA touted Cuba’s unique soil and climate as key to the product’s quality.
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Mexico City
Cuba
Prensa Latina
Francisco Linares Calvo
Habanos, S A
Dole
Ito allows jury to consider lesser murder charge
Los Angeles judge Lance Ito ruled jurors may convict O J Simpson of second degree murder even without proving premeditation. The decision undercuts the defense strategy of seeking only first degree verdict or acquittal, and could shorten deliberations by offering a lesser, 15 years to life maximum sentence with parole.
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Los Angeles
OJ Simpson
Lance Ito
Simpson
Nicole Brown Simpson
Ronald Goldman
Ito
Goldman
Ms. Simpson
Loyola University Law
Stan Goldman
State Supreme Court
Mark Fuhrman
Southwestern University Law
Robert Pugsley
Ms Simpson
Gerald Uelmen
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