Derek Jeter announces The Players'Tribune, a new publishing company that provides a forum for star athletes and their stories.» Read More
Google and Barnes & Noble are joining forces to tackle Amazon, zeroing in on a service that Amazon has long dominated: fast, cheap delivery of books.
**Rupert Murdoch's Twenty-First Century Fox decided to pull its $80 billion offer to buy Time Warner Inc on Tuesday, abandoning plans to create one of the world's largest media conglomerates.
David Levin, McGraw-Hill Education CEO, discusses McGraw-Hill's plans to usher in a new era of digital education. We are seeing an opportunity to improve outcomes with technology, says Levin.
Aug 5- Gannett Co said on Tuesday it would spin off its print operations, including USA Today, becoming the latest media company to separate slower-growing publishing assets from TV and digital properties.
Time reported a 1.6 percent fall in quarterly revenue, hurt by a fall in subscription revenue and newsstand sales.
Aug 5- Time Inc, the largest magazine publisher in the United States, reported a fall in quarterly revenue, hurt by a decline in subscription revenue and newsstand sales, and cut its full-year revenue forecast.
Aug 5- Gannett Co Inc, the publisher of USA Today, said it would take full ownership of automotive website Cars.com and spin off its publishing assets into a publicly traded company as it focuses on its digital businesses.
Aug 5- Gannett Co Inc, the publisher of USA Today, said it would buy the 73 percent stake it does not already own in automotive website Cars.com for about $1.8 billion in cash. Gannett also said it would split into two publicly traded companies. One would focus on broadcasting and digital businesses, and the other on its publishing business, the company said.
Aug 5- Time Inc, the largest magazine publisher in the United States, reported a 1.6 percent fall in quarterly revenue, hurt by a fall in subscription revenue and newsstand sales. Time posted a loss of $32 million, or 30 cents per share, in the second quarter ended June 30, compared with a profit of $75 million, or 69 cents per share, a year earlier.
Aug 4- Gannett Co Inc, one of the newspaper owners of Cars.com, is nearing an agreement to buy the portion of the auto-sales website that it does not already own for $1.8 billion, people familiar with the matter said on Monday.
Aug 4- Gannett Co Inc, one of the newspaper owners of Cars.com, is near an agreement to buy out the part of the auto-sales website that it does not already own for $1.8 billion, a source familiar with the matter said on Monday. This would be the latest step for Gannett to diversify its business away from newspapers.
Aug 4- Gannett Co Inc one of the newspaper owners of Cars.com, has agreed to buy out the part of the auto-sales website that it doesn't already own for $1.8 billion, Bloomberg News reported on Monday.
Gannett agreed to purchase 73 percent of auto-sales site Cars.com for $1.8 billion, Bloomberg reported, citing sources with knowledge of the matter.
FRANKFURT, Aug 2- Deutsche Bank will seek compensation from former chief executive Rolf Breuer for a costly out-of-court settlement reached earlier this year with the heirs of the Kirch media empire, according to a report in the newspaper Die Welt. A Deutsche Bank spokesman declined to comment on the report.
July 30- Journal Communications Inc. and E.W. Scripps agreed to merge broadcast operations and spin off their newspaper businesses into a new publicly traded entity, the media companies said late on Wednesday. The newly formed newspaper entity would combine Scripps' newspapers in 13 markets with Journal Communications' flagship Milwaukee Journal Sentinel.
July 30- Canada's Torstar Corp reported a 7 percent fall in revenue at its media business, which publishes the country's largest daily newspaper, the Toronto Star. Torstar, almost one-quarter owned by Prem Watsa's Fairfax Financial Holdings Ltd, said print advertising revenue was likely to remain under pressure for the rest of the year.
Former Minnesota Gov. Jesse Ventura won $1.8 million in his two-year fight to prove he was defamed by a military sniper and best-selling author.
July 30- Canada's Torstar Corp reported a 7 percent decline in revenue at its media business, which publishes the country's largest daily newspaper, the Toronto Star. Revenue in the media business fell to C $237.3 million as the company continued to struggle with low print advertising sales.
July 29- Amazon.com Inc, locked in a war with publisher Hachette Book Group over ebook prices, said its push for lower prices was good for authors, publishers and booksellers. Upset over its ebook prices, Amazon has delayed deliveries and cut discounts on some books published by Hachette, the fourth-largest U.S. book publisher, owned by France's Lagardere.
July 29- The New York Times Co reported a dip in second-quarter revenue as print advertising revenue erased the previous quarter's rise, and the company expects print ad revenue to continue to decline in the future. Shares of the company dropped almost 6 percent to $13.30 during Tuesday morning trading after the results were released.