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  • BEIJING— Authorities ordered one of China's most prominent business news websites to close Thursday after its managers were accused of extorting money from companies with threats of negative coverage. The penalties follow the September detention of the publisher and general manager of the website's parent newspaper, the 21st Century Business Herald.

  • PHILADELPHIA— A Philadelphia developer is taking another shot at turning the former home of the city's two largest newspapers into a hotel. The Philadelphia Inquirer reports developer Bart Blatstein's Tower Investments is proposing transforming the North Broad Street building into a 125- room hotel. Information from: The Philadelphia Inquirer,...

  • 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...

  • PORTLAND, Maine— A wealthy hedge fund manager who rescued the Portland Press Herald and two other daily newspapers, investing $13 million over the past three years, is selling them to a newspaper executive. Donald Sussman's Maine Values LLC is selling the Portland Press Herald, the Kennebec Journal and the Morning Sentinel, along with the Coastal Journal in Bath,...

  • BERLIN— Google says it will give European publishers 150 million euros to help them adapt to the challenge of selling news online. The Internet giant has had a rocky relationship with the European publishing industry, which accuses Google of profiting from its content without sharing the revenue. Last year, Google blocked Spanish publishers' reports from more...

  • 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.

  • April 21- Saudi Arabia's Prince Alwaleed bin Talal is in no doubt that James Murdoch is ready to take a much bigger role at Twenty-First Century Fox, by far the largest part of the media empire that James' father Rupert Murdoch built. It is also unclear what title James would take or whether there is any possibility that Rupert Murdoch, 84, would relinquish the Fox...

  • SEATTLE, April 16- Street vendors selling Seattle's Real Change newspaper will accept digital payments from Thursday through a new smartphone application developed by workers at Google Inc in a volunteer project to help hawkers serve increasingly cashless patrons. Seattle residents looking for a weekly dose of reform-minded news will be able to scan a...

  • April 13- E-commerce company Amazon.com Inc and publisher HarperCollins have reached a new multi-year publishing deal that covers both print and digital titles, The Wall Street Journal reported, citing HarperCollins. The deal calls for HarperCollins, owned by News Corp, to set the retail prices of its digital books, with incentives for HarperCollins to...

  • Which superhero sells the most comics on eBay? Friday, 10 Apr 2015 | 12:20 PM ET
    A man reaches for a Batman comic book at a comics store in New York.

    One 76-year-old superhero is still a spry moneymaker on eBay, trouncing other characters with $4.7 million in comic book sales.

  • Cablevision to make $1 offer for New York Daily News Tuesday, 31 Mar 2015 | 6:12 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 Systems is planning to make an offer for the New York Daily News as early as this week, valuing the troubled tabloid at just $1.

  • Surprising book that's shot up to No. 1 on Amazon Monday, 30 Mar 2015 | 10:14 AM ET
    An undated handout photo of illustrations by Johanna Basford, a Scottish illustrator who has sold more than 1.4 million copies of her coloring book for adults, “Secret Garden.”

    A coloring book for adults has attracted a loyal following, reports the New York Times.

  • BERLIN, March 27- The pilot who appears to have deliberately crashed a plane carrying 149 others into the French Alps received psychiatric treatment for a "serious depressive episode" six years ago, German tabloid Bild reported on Friday. Prosecutors in France, after listening to the cockpit voice recorders, offered no motive for why Andreas Lubitz, 27, would...

  • TORONTO, March 25- Canada's competition watchdog on Wednesday approved Postmedia's proposed takeover of Quebecor Inc's Sun Media English-language newspapers and digital assets, paving the way for one publisher to control a majority of the English-language dailies across Canada. The deal will bring some 175 newspapers and publications, including the...

  • CHINESE DEPUTY FINMIN SHI YAOBIN TELLS GERMAN NEWSPAPER "WE WOULD WELCOME USA JOINING THE ASIAN INFRASTRUCTURE INVESTMENT BANK".

  • MOSCOW, March 18- U.S. oil and gas major ExxonMobil has asked the Russian government to reimburse taxes worth "several billion roubles" it says it overpaid on a project in the far east of Russia, the Kommersant daily reported on Wednesday. Russia reduced the profit tax in 2009 to 20 percent but ExxonMobil continued to pay at the earlier level of 35 percent after the...

  • LONDON, March 17- British newspaper publisher Trinity Mirror could bid for the Daily Express and Daily Star titles after it said on Tuesday that it is examining certain assets owned by Richard Desmond's Northern& Shell group. But Trinity, which also owns the Daily Record, the People and regional titles such as the Liverpool Echo and Manchester Evening News, this...