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November 10, 1994|From Times Staff and Wire Reports

Times Mirror Begins Debt Tender Offer: The Los Angeles-based parent of The Times is buying back $399.5 million of its publicly held long-term debt as part of its previously announced plan to merge its cable television holdings into Cox Enterprises Inc. If the offer is fully subscribed, Times Mirror expects to record an after-tax charge of $15 million, or 12 cents a share, in the current quarter. The company plans to buy the debt using proceeds from a private placement of short-term debt securities. Times Mirror said it also plans to redeem later an additional $100 million of 10-year notes and to make an exchange offer for its remaining $250 million of long-term publicly held debt.

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