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June 14, 1989 | PAUL RICHTER and KATHRYN HARRIS, Times Staff Writers
Time Inc. shares jumped to $180 on Tuesday on rumors that General Electric might top Paramount Communications' $175-per-share bid, while on another front, Time began a public fight in Washington to thwart Paramount's unsolicited offer. Time has taken its case to the Federal Communications Commission to argue that the agency doesn't have the power to grant a Paramount request to set up a voting trust that would allow Paramount to purchase Time's shares. The FCC is a forum because it regulates cable television and Time is one of the nation's largest operators.
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BUSINESS
June 14, 1989 | PAUL RICHTER and KATHRYN HARRIS, Times Staff Writers
Time Inc. shares jumped to $180 on Tuesday on rumors that General Electric might top Paramount Communications' $175-per-share bid, while on another front, Time began a public fight in Washington to thwart Paramount's unsolicited offer. Time has taken its case to the Federal Communications Commission to argue that the agency doesn't have the power to grant a Paramount request to set up a voting trust that would allow Paramount to purchase Time's shares. The FCC is a forum because it regulates cable television and Time is one of the nation's largest operators.
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BUSINESS
March 7, 1986
In a separate announcement, Times Mirror said Larry W. Wangberg, president and chief executive of its Times Mirror Cable Television subsidiary, has been named a vice president of the corporation. Wangberg, a former executive at Warner Amex Cable Communications, joined Times Mirror in 1983. Times Mirror also elected Joyce M. Fields as its treasurer. Fields, who joined Times Mirror in 1975 as a cash administrator, will succeed Stender E. Sweeney, to whom she will continue to report.
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