Disney in talks for sale of Fairchild

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Walt Disney Co.'s stock closed up Friday, after reports the company is in talks with Conde Nast Publications and Hearst Magazines to sell its Fairchild Publications unit, which publishes Jane, W and Women's Wear Daily. Disney stock closed up $1.06 at $27.19, a 4.07% gain. Disney has been under pressure from Wall Street analysts and shareholders, who wanted the company to concentrate on its core entertainment businesses. All three companies refused comment on the reports.

Copyright August 1999, Crain Communications Inc.

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