Battle of the Presses: News Biz Faces Challenges - Media * US * News * Story

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Press War: News Biz Faces Challenges

Topics:Print Media | CEOs and CFOs | Mergers & Acquisitions | Television | Media

Sectors:Media

Companies:News Corporation Limited | New York Times Co

By: Brooke Sopelsa, Video Producer | 22 Apr 2008 | 04:58 PM ET

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Media companies, like the New York Times Company [NYT Loading... () ] and News Corp. [NWS Loading... () ], are facing a new set of challenges, and CNBC takes an in-depth look.

Media Mogul Drama

Media moguls are in fine form Tuesday.

News Corp.’s Rupert Murdoch is showing The Wall Street Journal’s managing editor the door, while former corporate siblings Les Moonves and Philippe Daumann are fighting over content.

Murdoch Targets the NY Times

Rupert Murdoch is taking on the New York Times by beefing up The Wall Street Journal’s political coverage and attempting to buy Newsday, a regional competitor to the Times.

News Corp. Empire in Trouble?

News Corp’s stock is down 24 percent over the past year, The Wall Street Journal’s managing editor is expected to resign, and even Murdoch’s new media business is giving him headaches.

Gray Lady Puts on Her Best Face

The New York Times is holding its shareholder meeting today, and a dissident shareholder group is pushing the company to examine “strategic options,” but Arthur Sulzberger Jr. says the company is not for sale.

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