Henson family wins last minute bid for Jim Henson Co
The family of Jim Henson has repurchased The Jim Henson Co from EM.TV in a last minute bid. EM.TV bought the company in 2000 for 680 million dollars and sold assets including Sesame Street rights before agreeing to sell the rest for 78 million in cash with 11 million on hand. The deal marks a dramatic reversal as Disney and others previously floated bids.
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National News Roundup from Norfolk and Massapequa
Eleven Marines were injured when a munitions blast in a trash can on USS Saipan in the Persian Gulf. one Marine with a severe arm wound was operated on and sent to a field hospital in Kuwait. Massapequa High School suspends two coaches and over a dozen players amid an investigation into a parent taking athletes to a Florida strip club. Luther Vandross remains in critical condition after a stroke, with conflicting notes on breathing assistance and consciousness.
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Norma L. Hackney
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Massapequa High School
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Robert Schilling
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Fla
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Tom Sheedy
New York
Luther Vandross
Weill-Cornell Medical College
Lois Najarian
Najarian
Vandross
Judge Upholds Sept 11 Victims Fund Rulings
A federal judge in New York rejected claims that the September 11 victims compensation fund uses unfair or arbitrary payouts. U.S. District Judge Alvin K. Hellerstein ruled the fund’s regulations lawful, dismissed three lawsuits by eligible claimants who had not yet file, and noted payouts above 3 million are rarely appropriate under the fund’s rules and Congress’s creation of the program.
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Alvin K. Hellerstein
Kenneth Feinberg
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