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- <text id=92TT1513>
- <title>
- July 06, 1992: Society:Et Cetera
- </title>
- <history>
- TIME--The Weekly Newsmagazine--1992
- July 06, 1992 Pills for the Mind
- </history>
- <article>
- <source>Time Magazine</source>
- <hdr>
- THE WEEK, Page 21
- SOCIETY
- Et Cetera
- </hdr><body>
- <p> PRESS SHEIKS
- </p>
- <p> United Press International is certainly living up to its
- last name. Bailed out once by a Mexican publisher, the
- struggling 34-year-old U.S. wire service again avoided
- dissolution when London-based Middle East Broadcasting Center
- agreed to purchase it for $3.95 million. The chairman and
- principal shareholder of MBC is Sheik Walid al-Ibrahim,
- brother-in-law of Saudi Arabia's King Fahd. The U.P.I. purchase
- marks the Saudis' first foray into the mainstream American
- press.
- </p>
-
- </body></article>
- </text>
-
-