Where the News is Local All the Time
Date: 02 July 2000
By Elsa Brenner
Elsa Brenner
Article growing number of independent local news Web sites in Westchester County, NY; authors say sites, which do not generate income, are intended to offer the public alternatives to traditional news media; photos (M)
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Media Talk; DoCoMo Handsets Will Soon Carry News
Date: 03 July 2000
By Andrew Ross Sorkin
Andrew Sorkin
CNN strikes deal with NTT DoCoMo, Japan's largest mobile telephone operator, to provide news and other information to customers over their mobile telephones handsets (S)
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MEDIA: TV News Goes Back to Basics; In Chicago, a Radical Decision to Forgo Gimmicks
Date: 03 July 2000
By Jim Rutenberg
Jim Rutenberg
WBBM-TV, CBS-owned station in Chicago, is delivering local news without the pizazz and sensationalism common at TV stations throughout the country, and it is doing it in order to lift its ratings, which trail competition in local news market, and improve revenues; executives believe that higher-quality news will draw a better-educated, more affluent audience that advertisers will be willing to pay a premium for; it is still unclear whether strategy will work, but journalists welcome the change; photos (M)
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MEDIA; Turner Plans $1.2 Billion Expansion and More CNN Online
Date: 03 July 2000
By Jonathan Robinson
Jonathan Robinson
Turner Broadcasting Systems will spend $1.2 billion in next five years to enlarge its downtown Atlanta headquarters and build and renovate parts of offices and studios elsewhere in the city; one of the new downtown towers will house over 3,000 new employees for the online and wireless services it plans for CNN Interactive; Turner's strategy is to expand network's online presence to include research tools and more in-depth coverage; drawing (M)
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Telefonica Tightens Grip on Latin Units With Share Buyback
Date: 03 July 2000
By Bloomberg News
Bloomberg News
Telefonica SA of Spain increases control of its Argentine and Brazilian units after a majority of investors swap their stock in the units for the company's shares; also raises its stake in Tele Sudeste Celular Participacoes SA (S)
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Qwest Completes Purchase of U S West
Date: 03 July 2000
By Bloomberg News
Bloomberg News
Qwest Communications International completes purchase of U S West for about $44 billion after federal regulators approve Montana Power Co's $200 million purchase of Qwest's long-distance assets (S)
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In Favor of More Disclosure
Date: 02 July 2000
By Bloomberg News
Bloomberg News
Securities and Exchange Commission's proposal to require mutual funds to disclose after-tax performance to investors has drawn favorable comment from some individual investors; some fund companies, including Fidelity Investments, Charles Schwab and Vanguard, already disclose after-tax returns (M)
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Dresdner Board Plans to Discuss Potential Merger With Commerzbank, a Rival German Bank
Date: 03 July 2000
By Bloomberg News
Bloomberg News
Executives of Dresdner Bank plan to discuss merging with Commerzbank to form Germany's second-largest bank (S)
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NEWS SUMMARY
Date: 03 July 2000
INTERNATIONAL A3-8 Challenger to Ruling Party In Mexico Wins Presidency Vicente Fox Quesada, the rough-spoken rancher and businessman who galvanized a maverick grass-roots presidential campaign, scored a momentous victory in Mexico's presidential election, ousting the political party that has ruled for 71 years. President Ernesto Zedillo conceded that his Institutional Revolutionary Party, known as the PRI, had lost. A1
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NEWS SUMMARY
Date: 02 July 2000
INTERNATIONAL 3-8 China Aid to Pakistan Complicates Vote on Trade American intelligence agencies say that China has continued to aid Pakistan's effort to build long-range missiles that could carry nuclear weapons, according to officials. The revelations are complicating President Clinton's effort to win quick Senate passage of a bill establishing normal trade relations for China. 1
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