ARCHIVES: Markets / Companies
December 3, 2007 | Cate Doty | New York Times, The
After a decade of watching newspapers and rival wire services shrink, The Associated Press, the 161-year-old news cooperative, is refitting itself to handle the 24-hour news cycle it helped create.
“You have to adjust to the marketplace,” said Jim Kennedy, The A.P.’s vice president for strategic planning. “The new generation of consumers has completely different habits.”
To [...]
December 3, 2007 | Anon | Reuters
PARIS, Dec 3 (Reuters) – Staff at French business newspaper La Tribune have decided to suspend a strike begun in protest over a deal by owner LVMH (LVMH.PA: Quote, Profile, Research) to sell the paper, trade unions said on Monday.
“Staff at La Tribune, who have been on strike since November 29, have just voted (72 [...]
November 29, 2007 | Chris Tryhorn | Guardian, The
Guardian journalists today voted in favour of an “enabling deal” that offered backing for the company’s 24/7 integration plans.
The National Union of Journalists’ Guardian chapel endorsed the deal by 211 votes to 27, with two abstentions.
Today’s agreement gives staff a two-year, 4.8% pay rise effective from the current financial year, with an additional inflation-linked boost [...]
November 29, 2007 | Laura Oliver | journalism.co.uk
Agence France-Presse (AFP) has bought a 30 per cent stake in the citizen journalism platform Scooplive, which will be renamed Citizenside.
AFP has stated that it will not take part in editorial decisions on the site, which allows users to publish and sell films and photos for commission.
According to a press statement from the agency, it [...]
November 29, 2007 | Anon | Canadian Press, The
NEW YORK – The New York Times, feeling the squeeze affecting newspapers everywhere, said Wednesday it would eliminate about a dozen support staff jobs from its newsroom.
Executive editor Bill Keller told Times employees in an e-mail message that the job cuts were the first to affect the paper’s newsroom “in recent memory,” but would not [...]
November 29, 2007 | Anick Jesdanun | Associated Press (AP)
NEW YORK – Leading news organizations and other publishers have proposed changing the rules that tell search engines what they can and can’t collect when scouring the Web, saying the revisions would give site owners greater control over their content.
Google Inc., Yahoo Inc. and other top search companies now voluntarily respect a Web site’s wishes [...]
November 21, 2007 | Michele Gershberg | Reuters
NEW YORK (Reuters) – The U.S. media industry is on the brink of a second downturn in a decade, one that could accelerate the divisions between fast-growing targeted advertising and traditional formats aimed at mass audiences.
Since the last advertising recession following the Internet bust in 2000, the world’s largest media companies have tried to adapt [...]
November 21, 2007 | Regina Anthony and Priyanka Mehra | Hindustan Times
The new, wholly owned Internet subsidiary of HT Media Ltd, Firefly eVentures Ltd has acquired social networking site Desimartini.com in an attempt to enter one of the fastest growing segments in the Indian Internet space. Terms were not being disclosed, though HT Media said it was for less than $10 million (Rs 39.3 crore).
“Everything is [...]
November 20, 2007 | Newswatch Desk | Newswatch
The Russian news agency RIA Novosti and two newspaper associations — the Catalan Newspaper Association in Spain and the European Association of Daily Newspapers in Minority and Regional Languages — have joined the World Association of Newspapers, which groups 77 publishers associations and 18,000 newspapers world-wide.
The three organisations were formally admitted at a meeting of [...]
November 20, 2007 | Subir Ghosh | Newswatch
India has been chosen as the host country for the 62nd World Newspaper Congress, 16th World Editors Forum and Info Services Expo in 2009, the World Association of Newspapers announced today.
“India is probably the most exciting newspaper market in the world at the moment,” said Timothy Balding, CEO of the Paris-based WAN, which organises the [...]
November 19, 2007 | Seth Sutel | Associated Press (AP)
NEW YORK (AP) — Yahoo Inc. has added 17 more newspapers to its group of online publishing partners, giving the group added heft as it approaches its one-year anniversary.
Yahoo executives told The Associated Press that The Columbus Dispatch and 16 regional newspapers owned by The New York Times Co. have joined the consortium, bringing its [...]
November 18, 2007 | James Ashton | Times, The
WHEN Hurricane Katrina hit America’s Gulf coast late in the summer of 2005, the Daily Mail was there.
But headlines such as “City sunk by the wrath of Katrina” and “Come hell or high water, the music will go on”, were only the beginning of its involvement in a disaster that claimed 1,800 lives. Beyond the [...]
November 16, 2007 | Aline van Duyn | Financial Times, The
Rupert Murdoch’s six children are getting an early Christmas present after the family trust Mr Murdoch controls sold more than $360m worth of News Corp shares.
The cash pay-out follows a $600m bonanza received by the siblings in February – at the time the biggest distribution of Mr Murdoch’s fortune.
Proceeds from the sale of 17.5m class [...]
November 15, 2007 | James Lumley | Bloomberg
Nov. 15 (Bloomberg) — A man found guilty of murdering British Broadcasting Corp. journalist Jill Dando had his 2001 conviction overturned by a U.K. court.
Judges at the Court of Appeal in London ruled that Barry George must be given a new trial after new findings about scientific evidence put the jury verdict in doubt.
“If this [...]
November 15, 2007 | Mathew Barakat | Associated Press (AP)
McLEAN, Va. — USA Today, the highest circulation newspaper in the country and the flagship of industry leader Gannett Co., announced plans today to eliminate about 45 newsroom jobs.
The job losses reflect a cut of almost 9 percent to a current newsroom staff of about 500, USA Today spokeswoman Alexandra Nicholson said. They will be [...]
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