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Murdoch Fills Post in U.S.

Date: 22 May 1991

AP

Leslie Hinton, a former associate editor of The Boston Herald, has been chosen to head the American publishing arm of Rupert Murdoch's media holdings. Mr. Hinton, 47 years old, will become president and chief executive of the News America Publishing Corporation, which includes The Herald, The San Antonio Express-News, TV Guide and Mirabella magazine. Mr. Hinton, who joined Mr. Murdoch's News Corporation as a journalist in Australia in 1959, will replace Martin Singerman, 64, who will retire in November. Mr. Singerman will remain as a director of News America for an indefinite period, the company said.

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FNN Merges With a Rival And Signs Off After 10 Years

Date: 22 May 1991

By Barnaby J. Feder

Barnaby Feder

Surrounded by inventory tags on their equipment, peppered by calls from well-wishers and in many cases laden with worries about future employment, the reporters and staff of the Financial News Network soldiered through their last day on the air yesterday. The 10-year-old cable news operation, aimed primarily at small investors, was merged last night into its rival, NBC's Consumer News and Business Channel. NBC acquired FNN after a tumultuous bidding war that ended last week when a Federal bankruptcy judge ruled that NBC's $154.3 million offer was better than a nominally higher bid from Dow Jones & Company. FNN was put up for sale last November. The network sought protection from creditors under Chapter 11 of the Bankruptcy Code in March.

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CNBC Plays On Theme Of Merger

Date: 22 May 1991

By Stuart Elliott

Stuart Elliott

ONE of the most eagerly watched recent business mergers involved two companies that usually cover mergers, rather than participate in them. Now, the results of that transaction are the subject of an ambitious new advertising campaign aimed at three target audiences simultaneously. Starting today, a print, television and radio campaign details the aftermath of the long-running takeover battle for Financial News Network Inc. NBC's Consumer News and Business Channel triumphed in a bidding war for FNN, which dominated CNBC in a two-network race in the growing cable television market for business news. CNBC won when a partnership of Dow Jones & Company and Group W Satellite Communications withdrew Friday from the three-month battle.

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Why Blindfold the Camera?

Date: 22 May 1991

California is so eager to keep its executions off television that the state has shut out all the press, prompting two justifiable counterattacks. The ban has been challenged in Federal District Court in San Francisco by KQED, the public television station, and in the Legislature, with a bill that would permit filming of executions, though only with the condemned person's consent. These rapid responses reflect justifiable outrage. The state has sequestered an important, controversial government process without any compelling reason. That seems an abridgment of the First Amendment, one the courts and the Legislature would be wise to strike down.

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Beijing Marks 40 Years of Tibet's 'Liberation'

Date: 22 May 1991

By Nicholas D. Kristof

Nicholas

Somewhere in the far west of China, nestled in the Himalayas, is a Shangri-La brimming with contentment and human rights -- or so say the Chinese newspapers these days. It is Tibet, although it does not entirely resemble the Tibet that Western visitors describe. The Chinese newspapers are full of reports about progress there, as China on Wednesday celebrates the 40th anniversary of what it calls "the peaceful liberation of Tibet."

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NEWS SUMMARY

Date: 23 May 1991

International A3-15 Sonia Gandhi will lead the party of her slain husband, Rajiv Gandhi, Congress Party officials decided, in a move that stunned India and seeks to capitalize on a large sympathy vote. Page A1

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NEWS SUMMARY

Date: 23 May 1991

COMPANIES A.T.&T. tentatively agreed to lease its headquarters building, renowned as a distinctive addition to the New York skyline, to Sony, real estate executives said. A proposed 20-year lease with an option to buy the eight-year-old tower would consolidate Sony USA's presence in New York. [ Page A1. ] Sony introduced a disk player that enables home computers to draw on the vast amounts of data stored in disks. [ D9. ] The Office of Thrift Supervision issued subpoenas earlier this month to the accounting firm of KPMG Peat Marwick on all its audits of savings institutions for 1989 and 1990. [ D1. ]

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NEWS SUMMARY

Date: 22 May 1991

INTERNATIONAL A3-16 Rajiv Gandhi was assassinated in a powerful explosion as he walked toward a platform at a rally near Madras. The former Prime Minister of India, he hoped to return to power in this week's elections. Page A1 Mr. Gandhi swept through the crowd, a new up-close style of campaigning that clearly posed risks. But he said he had no choice. A correspondent with him recounts his last interview, followed by a blast and the wails of shocked bystanders. A1

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BRIEFS

Date: 23 May 1991

* Care Group Inc., Lake Success, L.I., a provider of home health care for AIDS patients, will acquire Care Line Inc., Dallas, a provider of home infusion therapy. Terms were not disclosed. * Concord Camera Corp., Avenel, N.J., has completed the acquisition of certain assets of Keystone Camera Corp. and Keystone Camera Products Corp., Clifton, N.J., for about $5.5 million.

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Upjohn Venture

Date: 22 May 1991

Reuters

The Upjohn Company and Solvay et Cie, the Belgian plastics and chemicals maker, have agreed on a joint marketing alliance for their anti-depressant and anti-anxiety drugs. The venture will focus on markets in Europe and the United States, with potential sales of $7.2 billion by 2000.

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