OTHER NEWS - March 22, 1995

Times Mirror Co. announced that its one-for-one exchange offer of 16.56 million shares of its preferred stock for shares of its common stock was oversubscribed when it expired March 16. The Los Angeles-based parent of the Los Angeles Times said 55.2 million shares were tendered and that the shares will be exchanged on a pro rata basis. . . . The United Arab Emirates awarded AT&T; Corp. a $119-million contract to supply a digital communications system while UAE officials convened new talks about a naval helicopter order.