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Times Staff and Wire Reports

Times Mirror to Take Charge for Stock Buyback: The Los Angeles-based publishing company said fourth-quarter 1995 earnings will be lowered by $18 million, or 17 cents a share, because of the cost of buying back shares. Analysts expect the company to earn 79 cents a share, according to a survey of 18 analysts by Zacks Investment Research. Times Mirror Co. said it had completed a tender offer of 3,467,901 shares of its Series B preferred stock at $26.125 per share. The Dutch auction tender offer expired Dec. 27. The charge reflects the cash paid in the auction and the expenses related to it, Times Mirror said. Times Mirror publishes the Los Angeles Times, Newsday and other newspapers, as well as books, magazines and educational products.


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