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Text File  |  1993-04-04  |  641 b   |  21 lines
  1.                                                                                 THE WEEK, Page 21SOCIETYEt Cetera
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  3.     PRESS SHEIKS
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  6.     United Press International is certainly living up to its
  7. last name. Bailed out once by a Mexican publisher, the
  8. struggling 34-year-old U.S. wire service again avoided
  9. dissolution when London-based Middle East Broadcasting Center
  10. agreed to purchase it for $3.95 million. The chairman and
  11. principal shareholder of MBC is Sheik Walid al-Ibrahim,
  12. brother-in-law of Saudi Arabia's King Fahd. The U.P.I. purchase
  13. marks the Saudis' first foray into the mainstream American
  14. press.
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