Update News Roundup

K-III Communications Corporation last week completed its purchase of the Whittle Educational Network, whose principal property is the advertising-supported Channel One classroom news show.

K-III, a diverse New York City-based media company that owns such educational properties as Weekly Reader, is paying about $250 million for the Whittle unit, sources said.

That price is less than the $300 million mentioned when the deal was first announced in August. (See Education...

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