European Stars and Stripes (Newspaper) - October 28, 1990, Darmstadt, Hesse                                Lbs new York apr William s. Paley the Cigar makers son who bought a fledgling radio network for $400,000 in 1928 and turned it into the $3 billion a year communications conglomerate known As lbs inc., died Friday at 89. Paley died at his Manhattan Home at 11 ., said Ann Morfogen vice president of Media relations at lbs. He had pneumonia. Paley controlled the Columbia broadcasting system for More than half a Century As president or Board chairman of its radio and television networks and its film publishing recording and other subsidiaries. More than a decade after Normal retirement age he was still reporting for work at his sumptuous office atop a Black Rock a the Black Marble faced Tower in Midtown Manhattan that houses lbs Headquarters and having the final say in All major policy decisions. In april 1983, he turned the reins of lbs inc. Over to Thomas h. Wyman. Wyman Only the second chairman in the company a history had been president and chief executive officer since 1980 he announced that Paley would stay on As a consultant director and chairman of the Board of directors executive committee. A Bill Paley not Only created this Compa sunday october 28, 1990 the stars and stripes a Page 7 William Paley Dies at 89 William s. Paley by he created much of the broadcasting Industry a Wyman said at the time. A and to it he brought an extraordinarily Sensi Tive stewardship characterized by creativity Energy integrity style wit and an enormous sense of the Public  but when cd so biggest stockholder Loews corp., became unhappy with wymans policies Paley teamed with Loews chairman Lawrence Tisch in 1986 to retake control Paley As chairman and Tisch As president and chief executive officer. Paley was born in Chicago on sept. 28, 1901, the grandson of a russian lumber magnate. He studied at Western military Academy in Alton 111., and the University of Chicago before receiving a Bachelor of science degree at the University of Pennsylvania in 1922. Upon graduation he joined his fathers firm Congress Cigar co. Of Philadelphia As vice president and Secretary. He became interested in radio when he discovered the pull of radio ads for his company a la Salinas Cigar. In 1928, using Money borrowed from his father he bought the year old United Independent broadcasting corp., changed its name to Columbia and began his broadcasting Empire. By 1986, according to Forbes Magazine he was Worth $320 million. Paley became almost As towering a figure in new York society As in broadcasting with the help of his second wife babe the former Barbara Cushing one of the three daughters of a famed Boston neurosurgeon or. Harvey Cushing. During their 31 years of marriage before her death from cancer in 1978, the Paley entertained lavishly in their apartment in the St. Regis hotel and on an 83-acre estate in Manhasset on Long islands exclusive North Shore. After her death he continued to play the Host at a smaller place in Southampton. Despite his reputed 80-hour work weeks at the Helm of lbs Paley also found time to become a leading Patron of the City a cultural life. He had been a trustee of the museum of modern Art since 1937 and was one of the nations leading collectors of Post impressionist masterpieces which filled his Homes his office and even the waiting rooms and corridors of his office Tower. During world War ii Paley served with the Ottice of War information abroad and with the rank of colonel As Deputy chief of psychological warfare for Gen. Dwight Eisenhower a supreme Headquarters Allied expeditionary forces. For his War service he received the legion of Merit and medal for Merit from his own country and the legion of Honor and Croix de Guerre with Palm from  says Keating would accept immunity los Angeles up a Charles h. Keating  lawyer indicated Friday that the savings and loan scandal figure would be willing to accept a limited Grant of immunity in Exchange for his testimony against five senators under investigation by the Senate ethics committee. That disclosure came following a pretrial hearing in Keatings securities fraud Case in Superior court when his attorney Steven Neal was asked about reports that the committee is considering the limited immunity Grant for Keating 66, the former head of the now defunct Irvine based Lincoln savings and loan association. A emr. Keating is not the cause of the a amp a crisis in America or the problems at Lincoln savings and loan a Neal said. A the did not cheat or defraud any Bond holders and he is not responsible for any ills on Capitol Hill including those concerns about methods of Campaign financing. A emr. Keating has a wealth of information and insight about those issues. If i were an appointed or elected official who was interested in getting to the Bottom of these issues. I would be thinking Long and hard for a Way for or. Keating to share those insights that he has. A anyone interested in the issues pertaining to the senators who Are the subject of the Senate ethics committee inquiry ought to doing everything they can to make it possible for or. Keating to appear before  asked specifically if Keating would be open to a limited Grant of immunity Neal responded a i would certainly receive or return any phone  the los Angeles times quoting Anonymous sources on the Senate committee reported thursday that the committee is considering granting Keating limited immunity in Exchange for testimony about his ties to the five senators under investigation. Those senators dubbed the a Keating five a Are Alan Cranston d-calif., Dennis Deconcini d-Ariz., Donald w. Riegle jr., d-mich., John Glenn a Ohio and John Mccain a Ariz. The five who received a total of $1.3 million in contributions from Keating for their campaigns and other causes tried to help the Paradise Valley Ariz., resident solve his problems with Federal Thrift regulators. Public congressional hearings into the allegations against the senators begin nov. 15. If Keating were granted limited immunity it might seriously jeopardize an ongoing Federal grand jury criminal investigation of him in los Angeles the times reported quoting committee sources. That probe is reportedly a much wider ranging investigation than the indictment returned against him and three associates in state Superior court last month. It was not Clear what effect if any a Grant of immunity would have on that indictment. Keating and his. Co defendants Are charged with defrauding 23,000 investors most of them elderly out of $250 million in the Sale of now worthless junk Bonds. The indictment charges the four defendants with 42 state securities fraud counts for allegedly scheming to sell junk Bonds issued by Lincoln a Parent company american Continental corp., without telling investors that the Bonds were High risk and uninsured. Authorities say Many of the victims lost their life a savings. At fridays pretrial hearing Superior court judge Lance Ito denied a request by detente attorneys to keep sealed the 45-volume transcripts of testimony taken before the special grand jury that returned the indictments against the defendants sept. 18. Defense attorneys argued that the release of the transcripts would intensify the a Lynch mob mentality surrounding the Case and would endanger the defendants right to a fair trial by further prejudicing potential jurors. But after listening to arguments in favor of releasing the transcripts from Media attorneys the judge said he will unseal them Friday unless his ruling is overturned on Appeal. The trial which the judge estimated would take at least six months is not expected to Start until Spring. In another development the judge granted a defense motion to lower from $100,000 to $75,000 the bail for co defendant Ray Fidel 32, former Lincoln president who is free from custody. Keating who had been jailed for a month in lieu of $5 million bail was freed oct. 18 after . District court judge John g. Davies slashed his bail to $300,000. Co defendant Judy j. Wischer 42, former president of american Continental is free on $200,000 bail. The fourth defendant Rob s. Symes 37, former Lincoln chief executive officer is free on $100,000 bail. The four defendants have pleaded innocent to the charges. If convicted they could be sentenced to up to 10 years in state prison. A pretrial hearing is scheduled for nov. 9. Keating received permission from the court not to attend that  dept alerts travellers to terrorism risk Washington apr terrorists could be planning an attack on a passenger ship in the Eastern Mediterranean sea or an aircraft in Europe or the Middle East the state department said Friday night. The departments Deputy spokesman Richard Boucher said a the risk of acts of International terrorism in Europe and the Middle East is  i he said the department had received specific and credible information about a threat to ships in the Eastern Mediterranean and added a such an operation May be undertaken at any  he also said a we note that civil aviation remains a particular  the department issued its warning at the unusual hour of after 8  In part because a a it a important that we share the threat information with the american people As they plan their travel a said Ada Shub another department spokesman. Terrorists have attacked ships before. In december 1985, a group led by Abu Abbas hijacked the italian cruise ship Achille Lauro As it left an egyptian port holding it for two Days before surrendering to egyptian authorities. One of the hijackers shot to death an american passenger Leon Klinghoffer who was confined to a wheelchair. A particular reason for concern Friday was threats by the Abu Nidal Organiza Tion which a has repeatedly threatened to attack . Interests if Mahmoud Atta a 37-year-old . Citizen and member of the organization is extradited to Israel the department said. Atta who also uses the name Mahmoud Al Abed Ahmad is wanted in Israel on charges of participating in the april 1986 machine gun attack on a bus carrying jewish settlers in the occupied West Bank. The Driver was killed and a passenger was wounded. Arrested in the United states three years ago Atta fought extradition in the courts but lost his last Appeal in the . Supreme court on aug. 31. The department has two months from that Date to decide to turn him Over to Israel and Fri Day night Shub repeated earlier statements that it would do so. A the United states takes these threats very seriously in View of the anon a notorious history a Boucher said. Shub said the Nidal group is believed responsible for More than 90 terrorist attacks since 1974. Using the cover name a Aback september a it arranged the september 1970 hijacking of four airliners to an abandoned Airfield in Jordan he said. Among its attacks were bombings of the airports in Vienna and Rome in december 1985, the hijacking of a pan am Airliner to Karachi in 1986 and the attack on the Day excursion vessel City of Poros in Greece in july 1986, the department said