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Financial News Network

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BUSINESS
November 9, 1985
UPI reported that the Santa Monica-based national television channel devoted to financial market and business news bid an unidentified amount to buy UPI. FNN is the third suitor that UPI has named in the last two days. The other two are Mexican newspaper publisher Mario Vazquez-Rana and Houston real estate executive Joe Russo.
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ENTERTAINMENT
October 20, 2008 | SCOTT COLLINS
CNBC HOST Jim Cramer is back in the news. For most TV personalities, that would be a good thing. But since it's Cramer we're talking about, PR can get a little dicey. Especially at such a critical time for his employer. As you may have heard, the legendarily excitable Cramer has been telling viewers, on NBC's “Today" and elsewhere, to bail out of stocks and grab any cash they'll need over the next five years.
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BUSINESS
March 22, 1989 | PAUL RICHTER, Times Staff Writer
Turner Broadcasting System is expected soon to try to buy a controlling stake in Financial News Network as a means of defending Turner's Cable News Network from the competition of a planned National Broadcasting Co. cable channel, FNN executives say.
BUSINESS
November 4, 1999 | ELIZABETH JENSEN, TIMES STAFF WRITER
After searching for several months, Cable News Network on Wednesday chose a new president to run its business news unit and oversee its financial news network, CNNfn, naming Shelby Coffey III, the No. 2 executive at ABC News and a former editor of the Los Angeles Times. Coffey, whose title will be president of CNN Business News and CNNfn, replaces Lou Dobbs, who had also been anchor of CNN's flagship financial program, "Moneyline." Dobbs quit in June to run a Web site devoted to outer space.
ENTERTAINMENT
August 27, 1990 | IRV LETOFSKY
AIDS seems to have been explored every which way but a most unusual half-hour film, "The Los Altos Story," finds a most unlikely angle, the relationship between the virus and a local Rotary Club. The film is full of unlikelies, among them that it will premiere this afternoon at 5 on the Financial News Network, which you ordinarily think of as the cable channel for people with a lot of spare change. It will be followed by a call-in segment.
ENTERTAINMENT
November 9, 1986
Contrary to Irv Letofsky's recent commentary ("Gag Me With a Superlative!!!," Oct. 26), Financial News Network is the perfect place for movie reviews. In this market, we need escapism more than anyone. JIM MIETUS Producer, "Mietus at the Movies" Financial News Network
BUSINESS
June 1, 1986
Financial News Network Inc., New York, announced that President Paul Steinle is quitting to form his own company. He will remain a director of the cable-TV network. The company said Steinle would remain in his position until the summer, when a new president is appointed. Earl Brian continues as chief executive.
BUSINESS
April 1, 1985
Santa Monica-based Financial News Network said it will expand its satellite programming to the show, to be called SCORE, starting this month. The program will be co-produced by AB Sports, a subsidiary of Anheuser Busch. In May, FNN said it hopes to begin broadcasting 24 hours a day, with an information ticker being broadcast after 8 p.m. EST that will include both sports and financial news.
ENTERTAINMENT
November 10, 1997 | JANE HALL, TIMES STAFF WRITER
When CNBC programming vice president Bruno Cohen was growing up in the dawning of the Age of Aquarius, he says jokingly, "You made a face at your dad when he read the business pages, and nobody went down to Wall Street except to protest. . . . Today, business news is cool." When the stock market dropped 554 points on Oct.
BUSINESS
October 18, 1996 | From Associated Press
Former UPI and Financial News Network executive Earl Brian was convicted Thursday of conspiring to cover up the companies' dire financial straits in the late 1980s and early '90s. A federal jury found Brian guilty on 10 counts but deadlocked on three others. The panel acquitted co-defendant John Berentson of conspiracy and deadlocked on 12 other counts. Brian's lawyer, Richard Marmaro, said his client "obviously is very disappointed" and planned to appeal.
BUSINESS
September 6, 1995 | From Associated Press
Federal fraud and conspiracy indictments were handed up Tuesday in Los Angeles accusing two former top officials of United Press International and Financial News Network of concealing the companies' sorry financial condition from investors and lenders in the late 1980s. Among other things, the 24-count, 32-page grand jury indictment accuses former UPI and FNN Chairman Earl W. Brian and his chief operating officer, John F.
BUSINESS
June 29, 1993 | From Times Staff and Wire Reports
Charges Allege False Record-Keeping: The SEC accused four ex-officers of the defunct Financial News Network Inc. with overstating the company's earnings. One of the four defendants, C. Stephen Bolen of Los Angeles, the cable company's executive vice president and chief financial officer, was also charged with insider trading in company stock while knowing of the inflated earnings reports. Others named are Gary Prince of Oakton, Va.
BUSINESS
July 13, 1991 | From Times Staff and Wire Reports
Lower Price Sought for FNN: NBC's Consumer News and Business Channel, which won a tough bidding war for the Financial News Network, said it will ask a judge to lower the price by $5 million. CNBC said in papers filed in Manhattan's U.S. District Court that a bankruptcy judge's decision in May to reopen bidding for FNN unfairly caused it to increase its earlier highest offer. CNBC wants to void its winning offer of $154.
BUSINESS
June 12, 1991 | JOHN LIPPMAN, TIMES STAFF WRITER
Tom Rogers, president of NBC's cable division, is confidently ticking off the benefits of NBC's $145-million winning bid for Financial News Network when, on the TV set against the wall, a CNBC anchorman reads a news item about the drop in broadcasting stocks. The graphic illustrating the story says "TV Stocks" and shows little arrows pointing down next to the stock symbols for CBS Inc. and Capital Cities/ABC Inc. But the arrow next to General Electric Co.'s stock symbol points up.
BUSINESS
May 22, 1991 | STEPHEN WEST, TIMES STAFF WRITER
NBC's Consumer News and Business Channel completed its $145-million purchase of Financial News Network late Tuesday afternoon and promptly moved to lay off most of FNN's employees and combine the cable services' operations. About 250 of FNN's roughly 300 employees will lose their jobs, including all but about 10 of the 170 who worked at the channel's West Los Angeles production studio and offices. That facility will be closed immediately, along with a studio and offices in New York.
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