Friday: Hi-Ho-Hum -- Disney Involved in Another Media Transaction

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Compiled by John J. Edwards III
Staff Reporter

Before you go out to celebrate Friday's relief rally (unless you're in bonds), take a glance at this light load of post-close news items:

Newspaper chain

Knight-Ridder

(KRI)

reached a pact to take four newspapers off the hands of

Disney's

(DIS) - Get Report

ABC

unit for $1.65 billion. Knight-Ridder also announced plans to divest its

Knight-Ridder Information

unit, an online information service for business and professional customers.

Ashland Coal

(ACI) - Get Report

said it signed a definitive agreement to merge with privately held

Arch Mineral

in a tax-free reorganization. The combined company will have 2 billion tons of coal reserves and total assets of about $1.7 billion.

Time Warner's

(TWX)

cable unit agreed with privately held

Marcus Cable

to swap cable systems in Wisconsin and Indiana representing about 125,000 customers.