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BUSINESS
June 5, 1985 | Associated Press
WestPoint Pepperell Inc., one of the nation's biggest publicly held textile manufacturers, said that it is acquiring the Sanderson Group of companies owned by Reed International PLC of Britain.
BUSINESS
September 6, 1993 | From Times Staff and Wire Reports
Reed Travel group to Buy Official Airline Guide: Reed Travel Group said it will acquire Oak Brook, Ill.-based Official Airline Guides Inc. for $417 million in cash.The company, a subsidiary of Britain's Reed International PLC, said in a statement that it negotiated the deal with Maxwell Communications Corp. PLC, the former flagship of the late publishing tycoon Robert Maxwell, who died in late 1991.
BUSINESS
July 24, 1990 | From Times Wire Services
The four major shareholders in British Satellite Broadcasting Ltd. said today they have refused troubled Australian businessman Alan Bond any further extensions to sell his stake in the television company. Granada Group PLC, Pearson PLC, Reed International PLC and Chargeurs SA of France said the latest extension ran out on July 19 for Bond's company, Bond Corp. Holding Ltd. The effect of the action was to shrink Bond's stake in Britain's second satellite television network to 7.
BUSINESS
May 2, 1991 | From Associated Press
The two major shareholders of British Sky Broadcasting PLC said Wednesday that they reached an agreement on providing additional funding for the money-losing satellite television network. The network was formed though last year's merger of Rupert Murdoch's Sky Television and British Satellite Broadcasting. The amount of funding and how much each shareholder is providing was not released by shareholders in separate statements.
BUSINESS
July 15, 1987 | KATHRYN HARRIS, Times Staff Writer
Variety's pending sale to a giant British publishing concern will end a family's four-generation reign over the best-known publication in show business, but employees initially expressed surprise, rather than alarm, over the news. "I don't think there's any panic," said Art Murphy, who has been writing for Variety since 1964. But another employee said there is some staff apprehension over whether the freewheeling news operation will change. "It's a quaint place to work.
BUSINESS
July 14, 1987 | BRUCE HOROVITZ, Times Staff Writer
Variety and Daily Variety, the trade papers regarded as bibles of the entertainment industry, have agreed to be acquired by Cahners Publishing Co., a publisher of business trade magazines, the companies announced late Monday. The purchase price was not disclosed for the deal, which is expected to be completed by mid-August. The two publications are among the most profitable in the entertainment business and posted combined 1986 revenue of $20 million.
BUSINESS
March 12, 1991 | MICHAEL CIEPLY and ALAN CITRON, TIMES STAFF WRITERS
Peter Bart, the controversial editor of Cahners Publishing Co.'s New York-based weekly Variety, was named to an additional post giving him editorial control of Daily Variety in Los Angeles. The surprise move follows years of intense rivalry between the two entertainment publications, which, despite their common ownership, have often bickered over story assignments and advertising accounts. Bart, 58, was named editorial director of Variety Inc.
BUSINESS
January 5, 1996 | From Bloomberg Business News
Danish toymaker Lego is building on its base of plastic bricks by expanding into children's clothing, theme parks--even Christmas ornaments. "We're moving outside of toys," said Michael Moore, Lego U.K. marketing manager. "That is where there will be a lot of growth in the future." In the U.S., the privately owned toymaker is considering adding wristwatches and computer software to its existing line of toys, bed linens and Christmas ornaments.
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