Morning Briefing

By Bloomberg, Reuters | St Louis Post-Dispatch (MO), March 13, 1997 | Go to article overview

Morning Briefing


Bloomberg, Reuters, St Louis Post-Dispatch (MO)


4 Media Firms Looking At Kansas City Star

Four media companies with an interest in buying The Kansas City Star newspaper and other publishing properties held by the Walt Disney Co. have toured The Star this week, the newspaper reported on Wednesday.

The Walt Disney Co., which also owns the Fort Worth Star-Telegram, announced in January that it wanted to sell, spin off or otherwise market some of its publishing properties acquired along with the ABC television network last year. Representatives of the Tribune Co. of Chicago; Times Mirror Co. of Los Angeles; Knight-Ridder Inc. of Miami; and Hearst Corp. of New York have visited The Star, the newspaper reported in Wednesday editions. Each company owns newspapers in large U.S. cities. Analysts have estimated the price of Disney's publications at $1.5 billion to $2.5 billion. Associated Press Crosby, Stills & Nash May Rock On Wall Street As Crosby, Stills & Nash get set for induction into the Rock 'n' Roll Hall of Fame this spring, Wall Street may be counting on yet another chart-buster out of the 1960s rock 'n' roll icons. Talk has it that the group - David Crosby, Stephen Stills and Graham Nash - could soon be dancing to the same beat as British rocker David Bowie, by issuing a bond offering of its own. "They are investigating all sorts of financial opportunities," said Michael Jensen, group publicist. Last month, David Bowie successfully issued the first-ever music royalties future receivables securitization in the U.S. asset-backed market. Reuters Sylvan To Buy National Education Sylvan Learning Systems Inc. said Wednesday that it will buy National Education Corp. for about $750 million in stock, creating the biggest provider of tutoring, testing and other fast-growing education services. Sylvan will pay 0.58 share, or $20.37 based on Tuesday's stock price, primarily to get NEC's computer and workplace training service.

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