Murdoch Sees Profit Drop
Date: 21 December 1995
Reuters
The News Corporation expects its profits to drop for its fiscal second quarter and first half because of weakness in the American television markets, Rupert Murdoch, the media company's chairman and controlling shareholder, said today. But he predicted that the company's results would rise for its full year ending June 30. "We'd expect to be a bit off for the quarter, a bit off for the half really, but not much," Mr. Murdoch said in an interview. "It's nothing we can't get back pretty quickly."
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China to Expel German Reporter Who Criticized Beijing Leaders
Date: 21 December 1995
By Stephen Kinzer
Stephen Kinzer
China has informed a leading German journalist that it is effectively expelling him for what German politicians and newspaper editors say is retaliation for his critical reports about Chinese leaders. The journalist, Henrik Bork, who has been based in Beijing for four years, writes for several German-language newpapers, including the Frankfurter Rundschau and Tageszeitung, in Berlin. Mr. Bork, 34, was told last week that his work permit, which expires on Dec. 27, would not be renewed.
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CRITIC'S NOTEBOOK;Promises Turning Into Snowmen
Date: 21 December 1995
By Walter Goodman
Walter Goodman
Let it snow! Let it snow! Let it snow! The week began with promises: 8 to 12 inches in the city; as much as two feet in the northern and western suburbs. The television weather prophets, with their giddy maps and incomprehensible satellite pictures and their meteorological lingo and their Winter Storm and Coastal Flood Warnings, led off the local news, coming even before the live pictures of the day's killings and long before the end-of-program spots to which they are usually relegated. Powerful moisture-packed systems were slouching toward us from Oklahoma -- see what a mess -- the way New York sends its garbage to distant places.
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OVERHAUL BACKED IN COMMUNICATION
Date: 21 December 1995
By Edmund L. Andrews
Edmund Andrews
House and Senate negotiators agreed tonight on a sweeping bill to rewrite the nation's communications laws from top to bottom, clearing the way for Congress to pass a final bill before the weekend. The agreement came after Republicans capitulated to Democrats on a wide variety of issues, and it means that the bill is virtually assured of passing Congress and being signed into law by President Clinton.
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Excerpts From Clinton's News Conference
Date: 21 December 1995
Reuters
Following are excerpts from President Clinton's news conference today, as recorded by the Federal News Service, a transcription company: BY PRESIDENT CLINTON
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For Friends and Family, an Agonizing Wait for News
Date: 22 December 1995
By Norimitsu Onishi
Norimitsu Onishi
This week's snowstorms, which disrupted flights out of New York-area airports during the pre-Christmas crunch, may have saved the lives of some passengers who had planned to board the jet that crashed in Colombia. The Colombian Consulate said yesterday that 43 people from the New York area had been scheduled to be on American Airlines Flight 965, which took off from Miami and crashed in the Andean mountains near Cali. More than 150 people died.
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COMPANY NEWS;AVID STOCK FALLS ON EARNINGS FORECAST
Date: 22 December 1995
Reuters
The stock of Avid Technology Inc., which makes digital video and audio editing systems, plunged 36 percent yesterday, a day after the company said it expected disappointing fourth-quarter results. The stock fell $10.625, to $19, on Nasdaq, where it was the most active issue, with almost 10.8 million shares traded. Avid, based in Tewksbury, Mass., said on Wednesday that it expected profits for the quarter ending Dec. 31 to be lower than in the prior quarter. It forecast unchanged or lower revenues, but higher operating expenses. In the third quarter, Avid had profits of $8.75 million on revenues of $114 million, with operating expenses of $445 million.
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WORLD NEWS BRIEFS;Japan Checks Coverup At Plutonium Plant
Date: 22 December 1995
AP
The Japanese Government, angered by a nuclear operator's cover-up of serious damage caused by a recent accident, said today that it was stepping up its own investigation of the incident. The accident occurred on Dec. 8 when tons of explosive sodium coolant leaked from overheating machinery at the experimental plutonium-powered plant. No one was injured.
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