Thomson, Reed win bid for Harcourt

Article Abstract:

Chestnut Hill, Mass.-based Harcourt General Inc. will be acquired through a joint $4.5 billion bid by Canada's Thomson Corp. and United Kingdom's Reed Elsevier PLC. The deal, which also includes the assumption of $1.2 billion in Harcourt's debt, sends Harcourt's college textbook unit to Thomson while Reed Elsevier obtains the majority of Harcourt's assets.

Publishing, Publishing Industries, Harcourt General Inc., HPRA, Reed Elsevier PLC

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Bid for Thomson papers too 'dodgy,' Black says

Article Abstract:

Chicago, Ill.-based Hollinger International Inc., which is owned by Conrad Black, said political concerns have discouraged it from bidding on five newspapers being sold by Toronto, Ont.-based Thomson Corp. Hollinger reported that its National Post newspaper is expected to break even by late 2000.

Newspapers, Newspaper Publishers, Newspaper publishing, Hollinger International Inc., HLR

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Power lands big European TV stake

Article Abstract:

Montreal, Que.-based Power Corp. has acquired about a 25% stake in a new company formed through the merger between Pearson PLC and CLT-Ufa. Power bought a stake for $1 billion in the broadcasting giant through the new firm's parent Groupe Bruxelles Lambert.

Commercial Banks, Commercial Banking, Diversified Companies, Belgium, Radio and Television Broadcasting, Radio & TV Broadcasting, Luxembourg, Banking industry, Broadcasting industry, Broadcasting, Pearson PLC, CLT-Ufa, Power Corporation of Canada, Groupe Bruxelles Lambert S.A.

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