BRIEFCASE.Byline: - Staff and Wire Services Investor working with news union PHILADELPHIA - A California investor said Wednesday that he is cooperating with a newspaper workers union in a bid to acquire part of the Knight Ridder
Knight Ridder (IPA: /ˈrɪdɚ/) was an American media company, specializing in newspaper and Internet publishing. newspaper chain. Ronald W. Burkle, managing partner of Yucaipa Cos., said in a statement that his firm ``is ready to apply its resources and expertise'' and work with other bidders seeking a deal to buy and divide the chain. Separately, the shareholder that pressured Knight Ridder to put itself up for sale, Private Capital Management of Naples, Fla., has been scaling back its investments in newspaper chains, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. a document filed this week with the Securities and Exchange Commission. Knight Ridder's largest investor, Private Capital Management, has reduced its investment in nine newspaper companies, including Knight Ridder Inc., according to Private Capital's filing with the SEC. Univision signs on for Nielsen index Spanish-language broadcaster Univision Communications Inc. said Wednesday its TeleFutura network has joined Nielsen Media Research's national ratings service Ratings Service A company, such as Moody's or Standard & Poor's, that rates various debt and preferred stock issues for safety of payment of principal, interest, or dividends. , which measures the audience for programming on all major U.S. television networks. Networks use Nielsen ratings to decide what to charge advertisers, as well as when to air programs. The company's Nielsen Television Index provides audience estimates for ABC ABC in full American Broadcasting Co. Major U.S. television network. It began when the expanding national radio network NBC split into the separate Red and Blue networks in 1928. , NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. , CBS (Cell Broadcast Service) See cell broadcast. and FOX, as well as cable networks and others. Nielsen began tabulating audience estimates for the Univision television network and Miami-based Telemundo, both Spanish-language networks, on NTI NTI NewTech Infosystems (software company, Irvine, California) NTI Nuclear Threat Initiative NTI National Transit Institute (New Brunswick, New Jersey) NTI Nunavut Tunngavik Incorporated in December. Prior to that, TeleFutura and the other Spanish-language networks subscribed only to Nielsen's National Hispanic Television Index, which only measures viewership in Hispanic households. Sumner Redstone NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of - The son of Sumner Redstone, the controlling shareholder of CBS Corp. and Viacom Inc., is suing his father over what he says is a campaign to cut him out of family business interests. Brent Redstone, who is 55, filed the lawsuit last week against National Amusements Inc., a privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. that owns 71 percent of the voting stock Voting stock The shares in a corporation that entitle the shareholder to vote. voting stock Stock for which the holder has the right to vote in the election of directors, in the appointment of auditors, or in other matters brought up at the of CBS and Viacom as well as more than 1,400 theaters in the United States and overseas. In the lawsuit, which was filed in Baltimore City Circuit Court, where the company is registered, Redstone claimed that his father and other directors of National Amusements were trying to ``freeze'' him out of the company's affairs. Brent Redstone owns one-sixth of the company, his sister Shari owns one-sixth and their father Sumner owns the remaining two-thirds stake. The lawsuit places the fair market value of the company at $8 billion. The lawsuit also accuses the elder Redstone of favoritism and self-dealing, and wants the company to be dissolved and the proceeds distributed to the shareholders. Bankruptcy judge OKs Delta leases NEW YORK - A federal bankruptcy judge Wednesday approved Delta Air Lines Inc.'s lease renegotiations for 88 jets, a move that will save it about $200 million a year. With U.S. Bankruptcy Judge Adlai Hardin's approval, Delta has now successfully renegotiated or restructured contracts for 90 percent of its main fleet and a third of its regional aircraft, according to Edward Bastian, Delta's chief financial officer. The renegotiation was initially opposed by a committee representing unsecured creditors, who had argued the leaseholders - by working as a group in their negotiations with Delta - may have been in violation of anti- trust regulations. The committee dropped their objection to how the leases were renegotiated. Delta, like other carriers, leases many of the planes in its fleet of 682 aircraft. |
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