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  • BERLIN, May 15- Germany's defense ministry has decided to buy MEADS, a successor to the Patriot missile defense system developed by European defense group MBDA and U.S. weapons maker Lockheed Martin Corp, German newspaper Sueddeutsche Zeitung reported on Friday. The newspaper, which did not identify its sources, said the Lockheed-lead MEADS consortium had...

  • BERLIN, May 15- Germany's defense ministry has decided to buy MEADS, the successor to the Patriot missile defense system from the firm MBDA, German newspaper Sueddeutsche Zeitung reported on Friday. The newspaper, which did not identify its sources, said MBDA, along with U.S. firm Lockheed Martin, would make the MEADS system ready for series production.

  • NEW YORK— The author of the best-selling "Daughter of Smoke& Bone" fantasy trilogy has a new three-book deal. Laini Taylor has signed with publisher Little, Brown Books for Young Readers to write three young-adult novels. Film rights to the trilogy have been acquired by Universal Pictures.

  • CARACAS/ NEW YORK, May 14- A growing number of U.S. companies say they can't cope with Venezuela's sinking bolivar currency, prompting some of them to remove their operations in the South American nation from their consolidated financial reports. The restructuring moves can shield the financial results of parent companies such as batteries and razors maker...

  • YOUR MONEY-How much should you give as a wedding gift? Thursday, 14 May 2015 | 8:00 AM ET

    BOSTON, May 14- When you go to as many weddings as Stephanie Wong does, you need to come up with some guidelines for gift-giving. During the past two years, Wong, 32, who works in marketing for a book publisher in San Francisco, has been to about a half-dozen weddings. She offers these guidelines to wedding-goers wherever they might be: A distant relative or co-worker...

  • CARACAS/ NEW YORK, May 14- A growing number of U.S. companies say they can't cope with Venezuela's sinking bolivar currency, prompting some of them to remove their operations in the South American nation from their consolidated financial reports. The restructuring moves can shield the financial results of parent companies such as batteries and razors maker...

  • Cablevision to drop $1 bid for NY Daily News Wednesday, 13 May 2015 | 6:46 AM ET
    A woman buys a copy of the New York Daily News, featuring Speaker of the House John Boehner on the cover, following a government shutdown, Oct. 1, 2013, in New York.

    Cablevision is planning to pull out of the auction process for the New York Daily News after spending hundreds of hours analyzing a potential deal.

  • LOS ANGELES— A newspaper analysis has found that the most recent estimate of the cost to ride California's bullet train from Los Angeles to San Francisco is a bargain at an average of $86. At roughly 20 cents a mile, it would be one of the world's cheapest high-speed rail trips, the Los Angeles Times reported. On China's 809- mile line between Beijing and Shanghai, it...

  • *Earnings/share 78 cents vs. est. 75. May 7- CBS Corp, owner of the most-watched U.S. CBS, whose network is home to naval intelligence drama "NCIS" and comedy "The Big Bang Theory," said revenue from affiliates and subscription fees rose 10.8 percent in the three months ended March 31.

  • *Adj loss $0.06/ shr vs est $0.20. May 7- Time Inc, the publisher of Time, People and Sports Illustrated magazines, reported yet another decline in quarterly revenue as circulation dropped further, and advertising dollars continued to move to digital media from print. Time, whose stable includes Fortune and Entertainment Weekly, reported a loss of 6 cents per share,...

  • May 7- Time Inc, the publisher of Time, People and Sports Illustrated magazines, reported a much smaller-than-expected quarterly net loss, helped by a rise in its digital advertising revenue and lower costs. Time, which also publishes Fortune and Entertainment Weekly magazines, was spun off from Time Warner Inc last June. The company's net loss narrowed to $9...

  • Time Inc posts 8.7 pct fall in revenue Thursday, 7 May 2015 | 6:12 AM ET

    May 7- Magazine publisher Time Inc reported an 8.7 percent fall in quarterly revenue, hurt by falling subscription and weak print advertising. Net loss narrowed to $9 million, or 8 cents per share in the first quarter ended March 31, from $74 million, or 68 cents per share, a year earlier. Time Inc, whose titles include People, Sports Illustrated and its namesake Time...

  • May 5- News Corp, owner of the Wall Street Journal and HarperCollins, reported a decline in quarterly revenue and profit due to foreign currency changes and a drop in ad sales at its newspapers. At the Wall Street Journal advertising revenue fell 11 percent. Robert Thomson, CEO of News Corp, said in a statement that real estate will "underpin long-term expansion."

  • News Corp revenue falls marginally Tuesday, 5 May 2015 | 4:18 PM ET

    May 5- News Corp, the publisher of the Wall Street Journal, reported a marginal fall in quarterly revenue, hurt by the stronger dollar and dwindling advertising sales at its newspapers. Net income attributable to shareholders fell to $23 million, or 4 cents per share, for the third quarter ended March 31, from $48 million, or 8 cents per share, a year earlier.

  • April 30- New York Times Co reported a better-than-expected quarterly profit as its cost-cutting initiatives offset a decline in revenue. The New York Times, like several newspaper and magazine publishers, has been under relentless pressure to replace an evaporating pool of print advertising dollars, once the lifeblood of newspapers, with digital ads and...

  • UPDATE 1-Turner, HBO drive Time Warner revenue beat Wednesday, 29 Apr 2015 | 8:02 AM ET

    April 29- Time Warner Inc reported a better-than-expected 4.8 percent rise in first-quarter revenue, boosted by its Turner division and Home Box Office network. Time Warner said the fifth season premiere of "Game of Thrones" was watched by a total of 18.1 million people in its first two weeks, over 1 million more than the viewership for the prior season's first...

  • April 24- Scholastic Corp said it would sell its educational technology and services business to publisher Houghton Mifflin Harcourt Co for $575 million in cash, as it focuses on its core children's book publishing business. Scholastic, publisher of the "Harry Potter" series in the United States, has also benefited from the popularity of Minecraft Handbook...

  • April 24- Book publisher Scholastic Corp said it would sell its educational technology and services business to publisher Houghton Mifflin Harcourt Co for $575 million in cash. The transaction is expected to add to Houghton Mifflin's net income and free cash flow in 2016 and save $10 million to $20 million annually, the company said. The deal is expected to...

  • April 21- Gannett Co Inc, publisher of USA Today, reported a better-than-expected profit as revenue from its digital business soared. Gannett said in August that it would spin off its print operations, including USA Today, joining a host of media companies separating slower-growing publishing assets from TV and digital properties. Net income attributable to...

  • And the 2015 Pulitzer Prize winners are... Tuesday, 21 Apr 2015 | 6:40 AM ET
    Washington Post reporter Carol D. Leonnig, second left, hugs Managing Editor Kevin Merida, left, as her editor Peter Wallsten, center, and Executive Editor Marty Baron, right, celebrate her Pulitzer Prize award for National Reporting during a gathering at The Washington Post via Getty Images on April 20, 2015 in Washington, D.C.

    The New York Times collected three Pulitzers and the Los Angeles Times won two as the awards honored news outlets large and small.