Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: THURSDAY, January 9, 1992 TAG: 9201090437
SECTION: BUSINESS PAGE: C5 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
IN BUSINESS
Have airline travelers quit complaining?WASHINGTON - Air travelers seemed to have little to complain about, at least to the government, in November.
The Transportation Department reported Wednesday that airline passengers lodged fewer complaints with the department that month than in any month in the past 20 years.
According to department figures, 468 complaints were received about airline service during November, 38 percent fewer than the 642 complaints received in November 1990 and 21 percent fewer than the 566 complaints this past October.
The major national airlines carried 34.3 million passengers during November, about 900,000 fewer than the previous November. - Associated Press
\ Landmark buys Nashville TV station
Landmark Communications Inc. said it has completed the purchase of WTVF-TV, a CBS television affiliate in Nashville, Tenn., from Houston-based H&C Communications Inc. The price was not disclosed.
Norfolk-based Landmark is parent of Times-World Corp. of Roanoke, publisher of the Roanoke Times & World-News.
Another Landmark affiliate, Landmark Community Newspapers Inc., said it has bought The Antique Trader Weekly from Babka Publishing Co. of Dubuque, Iowa. The tabloid newspaper for mail-order antiques and collectibles has a national circulation of more than 55,000.
Also acquired were two other Babka publications, the bimonthly Price Guide to Antiques and Collectors' Items and the annual Antique and Collectibles Price Guide. - Associated Press
\ CSX to report loss; job-cut costs cited
CSX Corp., the Richmond-based transportation and real estate company with operations in Western Virginia, said Wednesday it would take a $755 million charge against fourth-quarter earnings, largely to cover costs of a worker reduction program.
The company said it also would take a charge of $318 million to cover the cost of changes in its accounting procedures for retirement benefits. The charges will result in a net loss for the quarter, CSX said.
The company said it would eliminate 325 positions, or 8 percent of the work force, in its railroad division and 250 of the 9,000 workers at its container-shipping unit, Sea-Land Service Inc., based in Iselin, N.J. - The New York Times
\ Earnings . . .
Georgia-Pacific Corp., an Atlanta-based forest products company with operations in Bedford County, said Wednesday its adoption of a new accounting standard for retiree benefits will result in an immediate one-time, after-tax charge of $119 million. Cash flow will not be affected but operating results for the first three quarters of 1991 will be restated to reflect the change, the company said.