Roanoke Times
Copyright (c) 1995, Landmark Communications, Inc.
DATE: WEDNESDAY, May 3, 1995 TAG: 9505030054
SECTION: BUSINESS PAGE: B-8 EDITION: METRO
SOURCE:
DATELINE: LENGTH: Medium
LOUISVILLE, Ky. - General Electric Co. said Tuesday it would lay off more than 500 workers from its Louisville plant.
``The economy is not doing us any favors right now,'' said GE spokesman Jim Allen. ``It is no growth for 1995 and may even drop 3 to 5 percent.''
The news came a week after Jack Welch, GE president and chief executive officer, praised management and labor in Louisville for making Appliance Park profitable for the first time in many years.
Many of the layoffs will come from a group of 1,100 employees hired two years ago when GE said it would spend $70 million to improve its home laundry operations, a company statement said.
The company will offer early retirement incentives to eliminate some jobs.
- Associated Press
Major newspapers losing circulation
NEW YORK - Most of the largest metropolitan newspapers posted weekday circulation declines in the latest six-month period, new figures by the Audit Bureau of Circulations show.
The declines contained in data released by the Audit Bureau of Circulations extended a trend of declining circulation at big metropolitan newspapers.
Industry experts attribute the erosion to increases in newspaper prices; the baseball strike and hockey lockout, which reduced sports coverage; and to calculated moves by some publishers to cut costly distribution to distant locales.
Newspaper publishers have been raising prices because of the rapidly escalating price of newsprint and competitive pressures to curb increases in advertising rates.
Weekday circulation declines were reported at The New York Times, the Los Angeles Times, The Washington Post, the New York Daily News and the Chicago Tribune for the six months that ended March 31. In each case, a newspaper's circulation was compared with circulation in the same period a year earlier.
The Roanoke Times & World-News' six-month figures of 113,054 daily and 125,569 Sunday also were declines. Circulation for the period ending Sept. 30 had been 113,502 daily and 125,697 Sunday.
- Associated Press
Public broadcasters look at trust fund
WASHINGTON - Public broadcasters said Tuesday that a trust fund could help the system become self-supporting and survive the possible elimination of federal funding.
The Association of America's Public Television Stations, National Public Radio, the Public Broadcasting Service and Public Radio International said the trust fund eventually could replace the entire government subsidy, which totaled $285 million this year. But the Corporation for Public Broadcasting, while endorsing the trust fund concept in a separate plan of its own, said no combination of cost savings and new revenue sources could replace the annual federal appropriation. CPB recommended continuing the appropriation in two parts - long-term support for programs that cannot survive independently and a transitional fund to help the system implement major changes.
- Associated Press
by CNB