8A
NEWS
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THE UNIVERSITY DAILY KANSAS
NATION
FRIDAY, JANUARY 26, 2007
Time Inc. sells titles as shares drop
BY SETH SUTEL ASSOCIATED PRESS
NEW YORK — Magazine publisher Time Inc. said Thursday it is selling 18 of its smaller titles including Popular Science, Field & Stream and Parenting to Swedish publisher
Bonnier Magazine Group.
The sale marked the latest effort by the magazine company to restructure its business and adapt as readers and advertisers increasingly look to the Internet.
Up for sale last fall, the price was between $220 million and $230 million, according to two people fami-
iar with the transaction who spoke on condition of anonymity because the financial terms have not been officially disclosed.
The combined company would become a major U.S. magazine publisher with annual revenue of more than $350 million.
Time Inc. has been struggling
amid the changes, reporting a 5.9 percent decline in profits for the nine-month period ending last September. Last period, revenues slipped 0.6 percent.
The family-owned Bonnier Group has been a dominant presence in Swedish media for decades.
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NATION Reputed Klansman stands trial for 1964 slayings
JACKSON, Miss. — A reputed Ku Klux Klansman accused in the 1964 slayings of two black men pleaded not guilty Thursday, and in a measure of how things have changed across the South, the judge was a black woman. 71-year-old James Ford Seale was arrested Wednesday on federal charges of kidnapping and conspiracy. Prosecutors said Charles Eddie Moore and Henry Hezekiah Dee, both 19, were seized and beaten by Klansmen, then thrown into the Mississippi River to drown.
A second white man long suspected in the attack, reputed KKK member Charles Marcus Edwards, 72, has not been charged.
Seale and Edwards were arrested in the case in 1964. But the FBI — consumed by the search for three civil rights workers who had disappeared that same summer
turned the case over to local authorities, who promptly threw out all charges. The U.S. Justice Department reopened the case in 2000.
On Thursday, U.S. Magistrate Linda R. Anderson told Seale if convicted, the charges would carry up to life in prison.
Seale was jailed for a bail hearing on Monday. His trial is scheduled for April 2.
Associated Press
Moggan-ma-what?
Aboriginal women perform the Woggan ma-ge morning ceremony on Australia Day in Sydney on Friday, Australia Day marks the arrival of the first European settlers in 1788.
Paul Miller/Associated Press
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