Metamorphosis: British broadcasting

Article Abstract:

The transformation of British broadcasting is accelerating. Pearson Inc bought program producer Thames Television, which should put a scare in the ITV network. Richard Branson started a national commercial radio station, Virgin 1215, which will take advertising share from BBC.

Holding companies, not elsewhere classified, United Kingdom, Television broadcasting industry, Broadcasting industry, Thorn EMI PLC, Pearson Inc., Thames Television PLC

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Deeper in doodoo

Article Abstract:

Standard and Poor's reports that the value of corporate debt downgraded in 1991 exceeded upgraded debt by over $350 million. Much of the downgraded debt is in auto and airline bonds. The median credit rating for US firms is now BB: speculative grade.

Reports, Statistics, Credit ratings, Debt financing (Corporations), Debt financing, Standard & Poor's Corp.

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North-east straddle: the press

Article Abstract:

The New York Times ownership group agreed on Jun 11, 1993 to purchase the Boston Globe for $1.1 billion. Share prices for New York Times Co stock fell sharply after the announcement of the takeover, which is set to take place in Oct 1993.

Newspapers, Newspaper publishing, New York Times Co., Globe Newspaper Co.

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