OTHER NEWS - Sept. 28, 1995
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<i> Times Staff and Wire Reports</i>
Times Mirror Co. said its third-quarter earnings will be reduced by an unspecified amount because of the repurchase of stock. The parent of the Los Angeles Times said it purchased more than 3.8 million shares of its Series B preferred stock from an institutional investor in a private transaction. Terms were not disclosed. The company said future earnings to common shareholders will be improved because Times Mirror will no longer have to pay dividends on the preferred stock purchased.
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