'U.S. News' owner says he's not going anywhere

Article Abstract:

'U.S. News and World Report' owner Mortimer Zuckerman has reiterated that he is not yet willing to part with the weekly newspaper. Zuckerman, also the publisher of 'Fast Company' magazine and the New York 'Daily News,' made the announcement after persistent rumors that the newspaper is being sold. The rumor, which lists German publisher Bertelsmann, Pearson of the UK and the Rev Sun Yung Moon as possible acquirers, began when the paper closed its Tokyo, Japan, bureau in early 2000.

Newspaper Publishers, Weekly Newspapers

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Broadway financial drama: production company reveals accounting questions

Article Abstract:

Livent of New York, NY, a leading Broadway theater production company, has suspended Vice Chairman Garth Drabinsky and former CEO Myron Gottlieb pending the investigation of accounting irregularities in the company dating to 1996. In June 1998, entertainment financier Roy Furman and former Disney president Michael Ovitz acquired control of Livent. The two new managers came upon millions of dollars worth of accounting irregularities leading to the company's decision to suspend co-founders Drabinsky and Gottlieb. The anomaly could mean a default on Livent's debt of $151 million. Trading in Livent has been stopped by Nasdaq until the disclosure of more information regarding the matter.

Comment:

Suspends Vice Chairman Garth Drabinsky & former CEO Myron Gottlieb pending the investigation of accounting irregularities

Theatrical Producers & Artists, Performing Arts Companies, Livent (New York, NY)

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Cablevision builds blended market

Article Abstract:

Many analysts and investors salivate at the speculation that AT&T might buy Cablevision once AT&T aquires Tele-Communications Inc. and begins offering local phone service via cable wires. Few other companies can match Cablevision's trophy properties. The company is built on its cable system connecting New York's wealthiest suburbs on Long Island and in New Jersey and Connecticut. To solidify its hold on New York entertainment and sports, Cablevision picked up Radio City Music Hall and Madison Square Garden, plus the New York Knicks and Rangers. It also owns a chain of consumer-electronics stores and cable channels, including Bravo, AMC and half of Fox Sports. Investors believe that Cable vision is a good bet either as a takeover target or continuing on its current course.

Diversified Companies, Company Planning/Goals, Cablevision Systems Corp.

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