SAN DIEGO— San Diego's dominant newspaper on Tuesday announced the layoffs of nearly a third of its 600 employees after it was acquired last week for $85 million by Los Angeles Times owner Tribune Publishing. "When the two companies announced that they were coming together, we said at the time there were going to be some synergies, and unfortunately for a lot of...» Read More
Informa, the publisher of Lloyd's List maritime newspaper, said Monday it agreed to buy market intelligence firm Datamonitor for 502 million pounds ($994 million; 737 million euros).
Australia's Publishing & Broadcasting said on Tuesday it would split its gaming and media assets into two listed companies, sending its shares up as much as 8.5%.
Media stocks are cheap, so some big players in the industry are saying “Let’s make a deal.” This week's flurry of potential media mergers includes such heavyweights as News Corp., Dow Jones, Reuters and Thomson. Analysts say that the main driver behind the proposed combinations is that media stocks are relatively cheap, making companies ripe for picking.
Richard Parsons, Time Warner’s chief executive officer, told CNBC that there are no plans to sell the company’s AOL division to a private equity firm. “We like the construction of this company,” Parsons said Thursday in a taped interview with Maria Bartiromo.
Move over Citizen Kane, billionaires who want to play media tycoon are snapping up big names in the newspaper industry.
On the heels of News Corp doubling the cost of his tabloid, the New York Post -- which is bleeding $70 million dollars annually -- Rupert Murdoch is looking for a plan. The mogul is gathering his top news executives in his Northern California Ranch next week for a three-day confab on how to transition his newspaper empire to the digital age.
Terry McGraw, chairman and CEO of McGraw-Hil, told CNBC’s “Squawk Box” that first quarter earnings growth was led by a strong performance in financial services and education.
McGraw-Hill, owner of BusinessWeek magazine and Standard & Poor's ratings and index business, said Tuesday that first-quarter profit nearly doubled on strong results in its financial services and education segments.
You could be a "CEO Dad" if you put nametags on your children, read them bedtime memos and think the best way to get rid of a fairy-tale witch is to have it audited. In this CNBC.com web-only video interview with Tyler Mathisen, CEO Dad creator Tom Stern says his comic strip character is "obsessed with running his family like a business" and a "composite of every work-obsessed pompous blowhard that I've ever met."
Mort Zuckerman has mastered both publishing and real estate. On "Power Lunch," the editor-in-chief of U.S. News & World Report and chairman of Boston Properties explained why the newspaper business is still attracting tycoons -- and why New York City real estate is booming.
If you believe everything you read, you would have thought that San Diego Chargers running back LaDainian Tomlinson was just lucky enough not to get the Madden cover endorsement. Electronic Arts officially announced last night that Tennessee Titans quarterback Vince Young would grace the cover of the next version of the jinxed popular video game. "Vince was the guy all along," EA's director of marketing Chris Erb told the San Diego Union-Tribune today.