European Stars And Stripes (Newspaper) - August 8, 1985, Darmstadt, Hesse                                Page 4 the stars and stripes August 1985 Turner to buy Mem a drops lbs bid York Turner broadcasting system agreed to acquire Mem a entertainment for a or a total of the companies announced Currier broadcasting chairman Ted Turner also announced that he had officially dropped his earlier proposal to acquire lbs Turner broadcasting and said their Defini Tive agreement to merge was approved by both Compa Nies but it remains subject to approval by is stockholders and government once the companies they would immediately sell my Mas United artists film production subsidiary to Racinda for Mil t Racinda is a holding company controlled by Finan Cier Kirk Kerkorian and currently is my Imus larg est shareholder with percent of the the acquisition of Mem represents an excellent Opportunity to improve the strength and stability of Ted Turner said in a we think the business of Mem is highly compatible with toss exist ing Atlan abased Tbs operates a nationwide distributor of movies and news to Cable television Tbs also owns Cable news the assets of based in Culver that would remain after the United artists divestiture include a vast film Library of about the Mem film and distribution and syndication of the companies also said Racinda has agreed to offer other Mem a stockholders the Opportunity to buy United artists Stock after the merger is by its action the Mem a Board of directors has confirmed the View of management that the proposed transaction will not Only permit our Stock holders to realize substantial appreciation on their in vestment in but will also offer them the through United to remain As share holders of a major motion picture Frank chairman and chief executive of said in a Turners agreement to acquire Mem a came shortly after his unwelcome offer to acquire lbs ran into serious the major blow was Cess Purchase of 21 percent of its Stock from a buyback whose terms included limitations on the amount of total debt lbs would be allowed to since Turner was offering debt and other but no it was Likely his acquisition of the network would have violated those As a Turner broadcasting said it is terminating and withdrawing its currently outstanding gives figures on huge Trade deficit Washington a the United states suffered a record merchandise Trade deficit of billion from april through a percent Rise from the first three months of the the government reported the Commerce department said the fur ther deterioration in the country trading performance stemmed primarily from a plunge in exports of both agricultural and nonagricultural i he new which shows manufactured Trade on a  confirms parallel figures released last week showing an even deeper merchandise Trade deficit of billion for the april june while the new report covers the same it shows a lower deficit because it omits such factors As military sales and the Cost of shipping and Commerce Secretary Malcolm commenting on the called for con Gress to do More to Cut the deficit As a Way of bringing Down the value of the which is blamed As the chief culprit in the country trading recent declines in the value of the Dol Lar will help improve the Trade balance Only in the longer term because buying patterns respond slowly to shifts in Exchange Baldrige said in a the budget Resolution recently passed by Congress is Only a first and further cuts in spend ing must be enacted to bring the deficit under the new report said the billion april june deficit topped the old record of billion set in the jul september Quarter last year and compared to a billion imbalance for the first three months of this the new record stemmed from a 1 per cent Rise in putting them at a level of and a 5 percent drop in which fell to no Petroleum imports dipped a slight 1 percent in the second while ship ments of Oil jumped 17 an average of million barrels of Oil were imported daily in the april june Peri compared to million barrels a Day in the first three months of the the Price of Oil also Rose to an average of per barrel from for january through imports of other products were generally lower in the second with Gold ship ments dropping by 58 while imports of office machines fell 12 and imports of household appliances were Down 9 by Auto imports from countries other than Canada Rose a Sharp 10 with japanese car shipments especially which has come under increasing pressure to do something about its Large Trade surplus with the United accounted for More than on third of the Trade deficit in the second Quarter an imbalance of on the Export agricultural sales dropped by 15 percent to Corn sales to foreigners fell 25 percent while soybean sales were Down an even sharper 34 sales of Cotton were Down 7 per cent while wheat sales remained the department said the declines reflected abundant supplies on the world mar nonagricultural exports were Down a smaller 3 percent to the de crease came mainly in shipments of a which fell by 6 shipments of consumer goods dropped by 8 percent while shipments of chemicals were Down 6 the country poor trading performance has been blamed primarily on the strength of the which lures cheaper imports into the country while making goods More expensive on foreign f playing the angles a photo to capture the effect of Maryland Chesapeake Bay extremely wide Angle and the 4milelong Span photographer Bill Snead knew hed need an emerged from a Mist just in time for his expansive shot Marine wounded in Beirut sentenced for raping daughter Camp a a Marine who was wounded in the october 1983 bombing of Marine head quarters in Beirut in which More than 240 service men were killed has been sentenced to 20 years in prison for twice raping his 11yearold under a pretrial staff Donald will serve a maximum of 15 years in a jury of six officers at the general court martial at Camp Lejeune deliberated More than four hours before handing Down the sentence a member of Headquarters 8th Marine was also reduced to private and Given a dishonourable Dis Long had pleaded guilty to two rape charges in the dropped two charges of carnal the two assaults occurred in january at Longs Home on the Long has taken full responsibility for his actions Here said his he prays that god will watch Over her and heal her wounds and that she will not be permanently scarred by r said a11 persons who knew him before and alter the Beirut bombing said he was not the same Man that he did have Elizabeth a psychologist at the navys family service Center in testified that Longs condition could be Kirkland asked jurors to sentence Long to a Short prison term at the army disciplinary Barracks at fort and said the prison has a program for sex Oll Enders that could Complete treatment of Long in one to three Long told the court that he suffered emotional and physical problems after being wounded in Beirut and that he believes his medical care was inadequate