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THE LOYOLA MAROON VOLUME 68, NO. 6 LOYOLA UNIVERSITY, NEW ORLEANS, LOUISIANA 70118 SEPTEMBER 29, 198' LU asks $102 million for WWL-TV By Tim Watson Editor in Chief Loyola-owned WWL-TV is now officially for sale, the university's Board of Trustees decided last week at its quarterly meeting. The Rev. James C. Carter, S J., university president, has previously said that he has always listened to what potential buyers of the station have to offer. However, officials have not admitted until this week that WWL-TV is actually for sale. The station's contribution to Loyola's budget last year fell $2.2 million short of the projected $9.6 million. The school wants at least $102 million for the station; it would probably invest at least some of the proceeds from the sale into the more stable interest-bearing bond market. Carter said Tuesday that "the only reason that the university would consider a sale of any of its properties is financial stability." Some people say that Loyola selling WWL-TV is a sign of "financial panic," Carter said, adding that it is actually "just good stewardship.,. Two long-time employees of WWLTV, who asked to remain anonymous, said that Mike Early, general manager of the station for 27 years, is interested in purchasing the station. They said that Early, along with a group of New York investors and several other WWL-TV employees, has raised and offered approximately $102 million for the station. Both Carter and Early refused to comment on that report, but a third WWL-TV employee confirmed that Early has gone to New York to meet with potential investors.The two anonymous sources also said that Early and Carter had signed an agreement stating that Early and his investors would purchase the station, and that after the supposed agreement was signed, Carter received and accepted a second offer of $110 million to buy the station. Carter said, however, that he "could not sign such an agreement,. That would require approval from the Jesuit Corporation and the Board of Trustees, he said. On Wednesday, Early also said that no such agreement had been signed. Carter said that there are "three or four people who are talking to us" about buying the station — although he would not say who they are — and that he expects other interested buyers to surface after Monday's public announcement that the Students distressed by hurricane's destruction By Richard Zagrzecki Staff writer After pounding parts of the Caribbean, Puerto Rico and South Carolina, Hurricane Hugo left behind a trail of death and destruction that could take years to fix. "My parents said it was the worst storm they had ever seen," Luisangeli Torres, communications junior and Puerto Rican resident, said. "My 94-year-old grandfathcrgrandfathcr said he has seen a lot of hurricanes, and he said [Hugo] was among the worst." The National Weather Service has said Hugo was the most powerful storm to hit the eastern Caribbean this decade. Packing winds of 125 mph, Hugo slammed into Puerto Rico Sept. 18, killing at least 12 people and leaving another 50,000 homeless. After sweeping over the northern part of the island, it took a northwest course and blew into South Carolina three days later, where it left 17 dead. "From what I have heard, the whole town was flattened," said Kevin Corcoran, history junior, in reference to his hometown of Summerville, South Carolina, which is 20 miles west of Charleston. "There used to be a park in town, but now I here that there is nothing there but a barren field where trees used to stand," he said. As of Monday, he had been unable to talk to his mother because of the downed telephone lines, though he has been able to find out details through a friend from Clemson University. "I talked to my mother the night before the storm," Corcoran said. "I heard from my friend that they [family and friends] arc all right." Torres, who lives near San Juan in Guaynabo, said her family was lucky Magazine, condom ad pulled from LU shelves By John Davis Assistant News Editor Campus Connections, a national magazine that has been distributed free to students by the University Bookstore since the beginning of the semester, was removed from the shelves Tuesday because it contained an ad for Trojan condoms.Dr. Vicki McNeil, assistant vice president for Student Affairs, said the magazine's condom advertisement conflicts with Catholic doctrine. "If they [smaller publications] have an ad in there regarding condoms or abortion clinics, we do not allow that to be distributed on campus," McNeil said. The magazine was distributed at other campuses around the country with free condoms inside, but Carter-Wallace, Inc., Trojan's manufacturer, chose to distribute the magazines to New Orleans area campuses without the sample condoms, Jay Wilkinson, Campus Connection's national sales and marketing director, said. Darren Bond, a student at the University of New Orleans who distributed the magazines to Loyola, Tulanc and UNO, said the decision to not include the sample condoms was "more of a time factor." He said there was not enough time to insert the condoms into the 14,900 magazines, of which Loyola received 2,500. Each condom must be glued to the page by hand, he said. Mary Grey Hardwick, manager of the Photo by Shannon White By the student, for the student—David Kirkaldy, communications freshman, casts his vote in Student Government Association Fall elections. See WWL TV/page 7 See Condoms/page 5 See Hugo/page 7 This Week jEfr-j .-Saturday IL W Fever \l\ see Life and Times/ |)\i page 11
Object Description
| Title | Maroon |
| Masthead | The Maroon Vol. 68 No. 6 |
| Publisher | Loyola University (New Orleans, La.) |
| Coverage | United States; Louisiana; New Orleans; |
| Date | 1989-09-29 |
| Type | Text |
| Source | Loyola University New Orleans Special Collections & Archives (http://library.loyno.edu/research/speccoll/) New Orleans, LA |
| Format | TIFF |
| Subject | Loyola University (New Orleans, La.) |
| Rights | Digital rights are held by Loyola University New Orleans. Copyright is retained in accordance with U.S. copyright law. |
| Creator | Loyola University (New Orleans, La.) |
| Relation-Is Part Of | http://www.louisianadigitallibrary.org/cdm/search/collection/LOYOLA_UMN |
| Language | en |
| Digitized By | BSLW |
| Digitized Date | 2012-2013 |
| Contact Information | For information or permission to use/publish, contact: mailto:archives@loyno.edu |
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