CNN to set up office to thwart errors

Article Abstract:

The Cable News Network (CNN) is forming a watchdog division in order to prevent the reoccurence of its public apology and retraction over a nerve-gas story in June 1998. The story turned out to be the channel's worst blunder in its history. The division, the Journalistic Standards and Practices office, will operate similarly to a newspaper ombudsman. It will concentrate on investigative pieces at CNN.

Comment:

Forms watchdog division in order to prevent the reoccurence of its public apology and retraction over a nerve-gas story

Strategy & planning, Media Planning/Goals, Public affairs, Ethics, Cable News Network

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TCI increases ownership stake in USA Networks

Article Abstract:

Tele-Communications Inc. has spent $300 million to improve its ownership stake in USA Networks Inc. from about 18% to 21%. TCI's stake was diluted in 1997 when USA Networks was formed out of a merger when Seagram Co.'s Universal Studios television business was purchased by HSN, Inc. TCI has been eager to build its presence in USA Networks, a television and home-shopping company.

Comment:

Bought $300 mil of stock in USA Networks to increase its ownership stake to 21%

Asset sales & divestitures, Acquisitions & mergers, Company Planning/Goals, USA Networks Inc., AT&T Broadband and Internet Services Inc.

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