Fidelity Cuts Stake In America Online

Wed., Nov. 13, 1996

From Staff And Wire Reports

Mutual fund giant Fidelity Investments revealed Tuesday it slashed its stake in America Online since August, unloading more than 5 million shares as the computer on-line service undertook an expensive corporate restructuring.

Fidelity’s parent, Boston-based FMR Corp., reported it sold 5.3 million shares of Vienna, Va.-based America Online since Aug. 12. The sale reduces FMR’s ownership in America Online from 11.3 percent to 5.12 percent, according to documents on file with the Securities and Exchange Commission.

Local journalism is essential.

Give directly to The Spokesman-Review's Northwest Passages community forums series -- which helps to offset the costs of several reporter and editor positions at the newspaper -- by using the easy options below. Gifts processed in this system are tax deductible.

Meet Our Journalists

Jesse Tinsley

Meet Jesse Tinsley. As a certified drone pilot, this veteran Spokesman-Review photographer often can be seen capturing beautiful aerial photographs of our region. Sometimes though, the job requires getting down with the dogs.
Jim Meehan

Jim Meehan is no stranger to Zag Nation. As the lead writer covering the Gonzaga men’s basketball team, he tells the stories behind the game and gets fans a bit closer to their favorite players.
Molly Quinn

There is no artist in Spokane like Molly Quinn. Her whimsical style is instantly recognizable to readers of The Spokesman-Review. She has painted gorgeous illustrations that instantly elevate the journalism accompanying it. She brings to life the stories that defy photography. She makes our pages better.
Rob Curley

Spokesman-Review editor Rob Curley loves to talk with people and learn about their lives, whether it's a best-selling author or a stranger he meets downtown on his walk to lunch. It's that inquisitive nature combined with a playful sense of storytelling that helps make our newspaper different than most.

Fidelity Cuts Stake In America Online

Jesse Tinsley

Jim Meehan

Molly Quinn

Rob Curley

Updated: U.S., Iran stall on Hormuz reopening as oil supplies tighten

Updated: Was California mayor a spy? L.A. suburb left wondering about China’s effort to influence

ISIS second-in-command killed by U.S., Nigerian forces, presidents say