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The Hellenic Radio (ERA): News in English, 08-12-08

The Hellenic Radio (ERA): News in English Directory - Previous Article - Next Article

From: The Hellenic Radio (ERA) <www.ert.gr/>

CONTENTS

  • [01] Tribune Company on the Brink of Bankruptcy
  • [02] Students Take to the Streets
  • [03] Obama Envisages to Reset US-Russia Relations

  • [01] Tribune Company on the Brink of Bankruptcy

    Tribune Company, a media conglomerate that owns The Los Angeles Times and Chicago Tribune, may file for bankruptcy as early as this week, The Wall Street Journal reported on its website.

    Citing unnamed people familiar with the matter, the newspaper said the newspaper-and-television concern had hired investment bank Lazard Ltd. as its financial adviser and law firm Sidley Austin to advise the company in possible Chapter 11 filings.

    Tribune owns eight major daily newspapers, including the Los Angeles Times, Chicago Tribune and Baltimore Sun, as well as a string of local TV stations.

    Tribune's financial situation has been precarious since last December, when real-estate mogul Samuel Zell took the company private, The Journal said.

    The company's diminished cash flow may not be enough to cover nearly one billion dollars in interest payments due this year, and Tribune owes a 512-million-dollar debt payment in June, according to the report.

    News item: 16436

    [02] Students Take to the Streets

    About 1,500 students are marching in central Athens, with fellow students from other Attica municipalities are staging demonstrations outside local police stations, protesting the killing of the 15-year-old schoolboy. Traffic Police have stepped up emergency measures. Things have calmed down in central Athens, although both the Polytechnic School and Athens University of Economics are still under occupation. Clashes between anarchists and police continue in Thessaloniki, northern Greece, with the former, who remain in the campus of the Aristotle University, hurling rocks at the policemen. New street protests have been scheduled for Monday afternoon, while the Hellenic Federation of University Teachers' Associations (POSDEP) called a three-day strike, condemning the killing of the teen.

    In the meantime, the two policemen charged with the killing of the teen will testify on Wednesday. The policeman who shot the teen dead has been charged with premeditated homicide, while his partner was charged as an accomplice.

    "The anger over this tragic incident is perfectly understood, however, blatant violence against social peace and at the expense of innocent people is unacceptable," said Sunday evening Interior Minister Prokopis Pavlopoulos after meeting with the Prime Minister and Deputy Interior Minister Panagiotis Chinofotis.

    Political leaders unanimously expressed their heartfelt condolences over the death of the 15-year-old teen, speaking of exemplary punishment. The President of the Hellenic Republic said the incident delivered a blow to the rule of law, while the Prime Minister rest everybody assured that those responsible for the killing should expect no leniency.

    News item: 16433

    [03] Obama Envisages to Reset US-Russia Relations

    US President-elect Barack Obama wishes to reset US-Russia relations, also adding that he would soon meet with this Russian counterpart Dmitry Medvedev and Russian Prime Minister Vladimir Putin. He also chided Moscow for "bullying" Georgia and other neighbouring nations.

    "I think that it's going to be important for us to reset US-Russia relations," Obama said in his interview with NBC show "Meet the Press." "We want to cooperate with them where we can," the president-elect said, citing nuclear non-proliferation and joint efforts against terrorism.

    Source: NET/ANA-MPA/REUTERS/AFP

    News item: 16432


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