Thursday August 8, 1985/The Battalion/Page 5
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WORLD AMD NATION
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I'W GLAVI CENT
^aiEVB IN 7HIS-
by Jeff MacNelly Ambushed
v—. .. - Miami beefs up security
as highway robberies mount
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G & S Studies, Inc.
846-5933
Turner agrees to buy MGM,
drops bid to takeover CBS
Associated Press
LOS ANGELES — Cable TV
magnate Ted Turner announced
plans Wednesday to acquire the
roaring lion of MGM-UA Entertain
ment Co. and drop his bid to buy the
eyeof'GBS Inc.
Turner Broadcasting System Inc.
agreed to acquire MGM-UA for $29
a share, leaving some industry ana
lysts questioning whether Turner,
TBS’ chairman, can raise the $1.5
billion cash for the deal.
“Obviously, MGM wouldn’t have
made the deal if Mr. Turner
couldn’t finance it,” said Arthur
Rockwell, spokesman for Frank
Rothman, chairman and chief exec
utive officer of MGM-UA.
CBS executives were “pleased” by
Turner’s announcement that he was
dropping his proposed cashless ac
quisition of the network, but his in
tentions for the entertainment com
pany were unknown Wednesday,
and MGM-UA spokesman Ernest
Sando refused to comment on them.
The MGM-UA deal calls for
Turner to pay $1.5 billion up front
for the company. Immediately
tern Inc. agreed to acquire
MGM-UA for $29 & $k&ret
leaving some
qu estioning
Turner, TBS’ chairman,
can raise the $IS billion
cash for the deal. . >
thereafter, the United Artists Corp.
film-production company would be
sold to Tracinda Corp. for $470 mil
lion. Tracinda is a holding company
controlled by financier Kirk Kerko-
rian, currently MGM-UA’s largest
shareholder, owning 50.1 percent of
the stock.
Turner Broadcasting and MGM-
UA said their agreement was ap-
S roved by both companies’ directors
ut remains subject to approval by
MGM-UA’s stockholders and gov
ernment regulators.
Industry analysts, however, won
dered how Turner will raise the
money without incurring huge
losses. For the first nine months of
its current fiscal year, MGM-UA lost
$61.2 million.on revenue of $478
million.
Turner Broadcasting earned $10
million on revenue of $281.7 million
in 1984.
“Can he pull it off?,” said Harold
Vogel,, an analyst for Merrill Lynch
in New York. “Probably.
“Will it be profitable? That’s down
the road. It’s doubtful.
“Where Turner will get the
money, I don’t know.”
TBS operates the SuperStation,
WTBS, a nationwide distributor of
sports, movies, regular commercial
programming and news to cable
television systems, and Cable News
Network.
Turner’s decision to drop his CBS
takeover attempt was expected. Last
week he lost a legal bid to to halt a fi
nancial restructuring of CBS, mak
ing it impossible for him to proceed
with his bid.
“CBS is pleased with the out
come,” said Anne Luzzatto, a net
work spokeswoman.
Associated Press
MIAMI — A public outcry has
forced authorities to dispatch police
decoys, add patrols and repair bro
ken lights along portions of Inter
state 95 in South Florida where
highway robbers are ambushing mo
torists in mounting numbers.
“The amount of injuries and as
saults in the last two months is
alarming. It’s tragic,” said Florida
Highway Patrol Lt. Noel Roy.
The patrol reported 97 highway
robberies in Dade County since Jan.
1. Most occur betwen 9:30 p.m. and
11:30 p.m, authorities said Wednes
day.
The modern-day highwaymen at
tack drivers alongside their disabled
cars, throw rocks through wind
shields as motorists sit helpless in
bumper-to-bumper traffic and place
objects in the road, such as tire rims
and nails, that motorists run over.
The bandits, who make off with
cash and jewelry, occasionally beat
motorists with guns, police said.
The robbers find motorists easy
prey because many lights along 1-95
are burned out and fences along the
interstate are in disrepair.
Incensed at the danger along the
interstate, citizens have spoken out
and prompted the state Department
of Transportation to change burned
out lights immediately.
Meanwhile, the highway patrol as
signed 12 units to patrol a seven-
mile stretch of 1-95, as well as 6V2
miles of 1-195 and one mile of 1-395,
where robberies have also occurred,
said patrol Lt. John Baker.
Since January, state troopers have
arrested 23 men, Baker said.
Watch For Us!
303WUNIVERSITY- 846-1616
Factions split at open
of Arab conference
Associated Press
CASABLANCA, Morocco — An
emergency Arab summit meeting
called by Morocco’s King Hassan II
to further Arab unity opened badly
divided Wednesday night, with five
of the 21 Arab League members not
represented.
Libya was a last minute drop-out,
but Syria, Algeria, Lebanon and
South Yemen had said earlier they
w ould not attend.
Palestinian sources, who spoke on
condition of anonymity, said the
heads of state met Wednesday af
ternoon to find a limited agenda on
Arab unity and the question of a Pal
estinian homeland.
A Kuwaiti newspaper reported
Tuesday that shortly before the
meeting five Americans and three
Frenchmen kidnapped in Lebanon
would be released. It quoted an un
identified Western diplomatic
source as saying Syria would engi
neer the release to draw attention
away from the summit.
But no one would confirm the re
port in the newspaper as-Siyasah.
One of the topics of the confer
ence will be a joint effort by Jordan
and Yasser Arafat’s wing of the PLO
to meet with the United States as a
prelude to opening direct peace
talks with Israel.
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Man sized recliner
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105 Boyett College Station Q+G-QIQA
MONDAY EVENING
TUESDAY EVENING
WEDNESDAY
SPECIAL
SPECIAL
EVENING
Salisbury Steak
with
Mushroom Gravy
Whipped Potatoes
Mexican Fiesta
Dinner
Two Cheese and
Onion Enchiladas
w/Chili
Mexican Rice
Patio Style Pinto Beans
Tostadas
Coffee or Tea
SPECIAL
Chicken Fried Steak
w/Cream Gravy
Whipped Potatoes and
Your Choice of
One Vegetable
Roll or Corn Bread & Butter
Coffee or Tea
Choice of one other
Vegetable
Roll or Corn Bread and Butter
Coffee or Tea
One Corn Bread and Butter
^
THURSDAY EVENING SPECIAL
Italian Candle Light Spaghetti Dinner
SERVED WITH SPICED MEAT BALLS AND SAUCE
Parmesan Cheese-Tossed Green Salad
Choice of Salad Dressing-Hot Garlic Bread
Tea or Coffee
YOU GET MORE FOR YOUR MONEY WHEN YOU DINE ON CAMPUS
FRIDAY EVENING
SPECIAL
Fried Catfish
Filet w/Tarta
Sauce
Cole Slaw
Hush Puppies
Choice of One
Vegetable
Tea or Coffee
SATURDAY
NOON and EVENING
SPECIAL
Yankee Pot Roast
Texas Style
(Tossed Salad)
Mashed
Potatoes
w/ Gravy
Roll or Corn Bread & Butter
Tea or Coffee
‘Quality First”
SUNDAY SPECIAL
NOON and EVENING
Roast Turkey Dinner
Served with
Cranberry Sauce
Cornbread Dressing
Roll or Corn Bread & Butter
Coffee or Tea
Giblet Gravy
And Your Choice of any
One Vegetable