Friday, September 17, 1999

TRISTATE MARKET SPOTLIGHT

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Time Warner may sell satellite stake

        Time Warner Inc. rose $3.25, or 5.6 percent, to $61.75 and traded as high as $62.50 on Thursday.

        The world's largest media company — and the Cincinnati cable TV provider — is in talks to sell its 10 percent stake in CanalSatellite, the satellite-television unit of Canal Plus SA (AN FP), Bloomberg News reports. The sale would reportedly bring Time Warner a profit of about $100 million.

        About 8.56 million shares changed hands on Thursday. That compared with the 13-week average daily trading volume of 3 million shares.

       

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Casinos lure Ky. patrons
'Affordable' country club expands
Eatery shifting attitude
TRISTATE BUSINESS SUMMARY
INDUSTRY NOTES: MANUFACTURING
PEOPLE ON THE MOVE
U.S. gives in on encryption
UAW gains raise, clout in tentative deal
TRISTATE MARKET SPOTLIGHT