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The University of Michigan Library provides access to these materials for educational and research purposes. These materials may be under copyright. If you decide to use any of these materials, you are responsible for making your own legal assessment and securing any necessary permission. If you have questions about the collection, please contact the Bentley Historical Library at bentley.ref@umich.edu

March 11, 1994 - Image 34

Resource type:
Text
Publication:
The Detroit Jewish News, 1994-03-11

Disclaimer: Computer generated plain text may have errors. Read more about this.

12 MONTH CERTIFICATE

3.500%,
3.550%

INTEREST
RATE

A.P.Y./

24 MONTH CERTIFICATE

4 . 000°/o
4.060%

'REAR'ST

A.P.Y.

/'IC

60 Mann CERTIFICATE

5.000% A.P.Y./
5.090%

first
Rate
Rates.

These are fixed rate
certificates of deposit
that are insured by
the Federal Deposit
Insurance Corporation
(FDIC). A minimum
opening deposit and
balance of $500.00
is required to obtain
the stated A.P.Y.

Call 338-7700
352-7700

INTEREST
RATE

*

FIRST SECURITy

SAVINqS BAN

k

"First in Service -

KIM Office

2600 Telegraph Rd.
Bloomfield Hills. MI 48302

- Annual percentage yield when compounded quarterly. Rate is accurate as of 3/11/94.

ELTi4H6EN

Penalty for early withdrawal from certificate accounts may be assessed.

We buy Direct
from the Auction
for You!

Michigan's Market Makers
In Coins and Bars
"Sell Where the Dealers Sell"

BA,RN=TT
RARITI=S

Hollinger Subsidiary
Buys Chicago Paper

A

subsidiary of Canada's

Hollinger Inc. media
company is buying the
Chicago Sun-Times, the
ninth-largest U.S. daily news-
paper, for about $180 million,
Hollinger announced.
Under an agreement that is
expected to close by March 31,
a new unit of the American
Publishing Co., Hollinger's
American division, will acquire
all outstanding stock of the
Sun-Times Co., Hollinger stat-
ed.
The agreement includes 60
weekly and bi-weeldy papers in
the Chicago area published by
the Sun-Times, the statement
said.
"This will be a major acqui-
sition for Hollinger and we are
pleased with the anticipation of
bringing into our group a ma-
jor city newspaper the quality
of the Chicago Sun-Times," said
F. David Radler, president and
chief operating officer of
Hollinger.
Hollinger, operating through
its international subsidiaries
and associated companies, is
engaged primarily in printing
and distributing newspapers
and magazines in Canada, The
United Kingdom, the United
States, Australia and Israel.
Among its most prominent me-
dia holdings are the London
Daily Telegraph and the
Jerusalem Post.
Sam McKeel, Sun-Times Co.

LEADING ISRAELI STOCKS
TRADED ON U.S. EXCHANGES

Since 1971

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34

933-5000

president, said the agreement
is an "excellent marriage for the
Chicago Sun-Times, everyone
who works for these newspa-
pers, for newspaper readers in
this area and for metropolitan
Chicago."
American Publishing pub-
lishes more than 280 newspa-
pers and related publications,
including 97 daily newspapers
with a total paid circulation of
about 540,000 and non-daily
newspapers and free circulation
publications with a combined
circulation of about 1.8 million.
The Sun-Times has been
owned since 1986 by a group led
by the New York investment
firm Adler and Shaykin, other
institutional investors and
members of the Sun-Times
management.
The group bought the paper
from media entrepreneur Ru-
pert Murdoch, who acquired the
newspaper in 1984. Murdoch's
purchase of the newspaper end-
ed three generations of owner-
ship by the Marshall Field
family, which made its fortune
with a department store chain
that began in Chicago.
The Sun-Times had a week-
day circulation of 535,793 and
Sunday circulation of 524,475
in the six months ending Sept.
30. The rival Chicago Tribune's
circulation over the period was
690,842 daily and 1,101,863
Sunday. ❑

CORPORATION

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PC=

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ELT

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ELRNF

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BOB, !WOMAN
313 3364200
1•000.365.9200

ELBTF

TAD

CMVT

LANTF

Find It All In
The Jewish News
Classifieds
Call 354-5959

ISL

Exchange Feb. 25 March 4
NASDAQ
'25.75
'26.38
Scitex
'25.13
'26.25
ECI Telecom
NASDAQ
NASDAQ
93.38
'32.63
Teva Pharm
'29.50
NYSE
'30.63
PEC Israel
95.25
95.50
Elbit Computers NASDAQ
NYSE
'4.00
9.63
Elscint LTD
'17.00
'16.38
Elron Electronics NASDAQ
'22.50
NYSE
$20.88
Tadiran
'14.00
NASDAQ
'14.13
Comverse
$10.00
'10.38
Lannet Data
NASDAQ
'16.50
5 17.25
First Israel Fund NYSE

-$1.13

+$0.63

+$1.13

-$0.13

+$0.38

-$0.75

Source: Allen Olender, Prudential Securities,
West Bloomfield.

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