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To: ms.smartest.person who wrote (48)	10/16/2000 5:58:53 PM
From: ms.smartest.person	Read Replies (1) \| Respond to of 5140

WSJ Australian Stocks Media Shares Lead Gains Dow Jones Newswires SYDNEY, Australia -- Shares ended sharply higher Monday, led by media and telecommunications concerns. The All Ordinaries Index rose 61.8, or 1.96% to 3219.4. Advancers led decliners, 651 to 349. Volume was 557.4 million shares valued at 1.61 billion Australian dollars. The Media Index rose 6.4%, the Telecommunications Index climbed 3.1% and the All Industrials Index added 2.3%. Analysts in Sydney said Australia's media stocks benefited from renewed confidence in the sector, as reflected in Friday's strong gains in their U.S. counterparts. News Corp. jumped A$1.44, or 7.1%, to A$21.75 after the company named John Hartigan chief executive of its Australian division, News Ltd. Publishing & Broadcasting gained 51 Australian cents to A$13.30 and Seven Network rose 27 cents to A$7.35. Telstra shares rose 11 cents to A$6.06 on institutional buying following Friday's news that two weeks of talks with Hong Kong's Pacific Century CyberWorks ended in a new Asian asset partnership1 that each company said provided better financial terms. Cable & Wireless Optus, Australia's second-largest telecom, rose 18 cents to A$3.90. -------------------------------------------------------------------------------- URL for this Article: interactive.wsj.com Hyperlinks in this Article: (1) interactive.wsj.com -------------------------------------------------------------------------------- Copyright © 2000 Dow Jones & Company, Inc. All Rights Reserved. Printing, distribution, and use of this material is governed by your Subscription Agreement and copyright laws. For information about subscribing, go to wsj.com *Used with permission from the Wall Street Journal Interactive Edition.*