Newspaper article The Florida Times Union

Morning Briefing

Newspaper article The Florida Times Union

Morning Briefing

Article excerpt

JEA BEGINS CHILLED WATER PLANT

Work has begun on the JEA's Hogans Creek chiller plant, which will cool water to 39 degrees and pipe it to the new arena, ballpark and other customers to use in their air-conditioning systems. The city approved site clearing last week for the plant at 777 E. Church St., near the sports complex. The plant should be operational by Feb. 1 and completed April 1. JEA also is planning a chiller plant downtown that will serve the proposed library and courthouse. That plant should take a year to build and be completed in the first quarter of 2004.

NATION

TYCO FIRES, INVESTIGATES TOP LAWYER

Tyco International Ltd., the industrial conglomerate under investigation after its chief executive was indicted on sales tax evasion charges, said yesterday it has replaced its top company lawyer.

Mark A. Belnick was replaced by Irving Gutin as general counsel, a post he previously held. Tyco said it is investigating Belnick for undisclosed reasons.

"The company is determined to have a fair and complete investigation of any allegations of improper conduct by any of its personnel," the statement said. "Mr. Belnick is among the persons being investigated." Belnick's lawyer, Stanley Arkin, said his client was fired despite working "tirelessly to create a better and more effective corporate governance for Tyco."

DU PONT ORDERED TO PAY $380,000

A Hackensack, N.J., jury awarded a total of $380,000 to three plaintiffs suing the Du Pont chemical company after they were sickened by pollution from a former munitions plant in Pompton Lakes.

But even after about 57 hours of deliberations over 12 days, the jury remained deadlocked on whether to award $255,000 for the lifetime medical monitoring sought by seven other plaintiffs -- six of whom have no signs of illness, and two of whom are young children.

Last Tuesday, jurors gave monitoring money to the three plaintiffs who have illnesses. But state Superior Court Judge Frank Donato declared a mistrial Friday on the undecided monitoring claims -- leaving an open door in the case, which was first filed in 1997.

MAGAZINE REVENUE CLIMBS 2.4%

Total magazine advertising revenue rose 2.4 percent in May, the first time the monthly measure has increased in over a year, a trade group said yesterday.

Publishers Information Bureau, a statistical clearinghouse for the magazine industry, said total magazine revenue in May rose to more than $1.5 billion, although ad pages fell 6.3 percent from the year-earlier period, to 20,268. That change may reflect that publishers are charging more per page in difficult times.

Year to date, ad revenue is down 3.3 percent, PIB said, while ad pages have fallen 11.6 percent from a year earlier.

The monthly magazine statistics are watched closely by media observers for signs of financial health not only in the magazine business, but in the media sector overall. …

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