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Media Publishing

  • Their merger would have united Meredith's Better Homes& Gardens and Family Circle magazines with Time's stable of publications including People and Fortune. Time's shares closed down 17 percent at $15.2 percent in New York on Friday, leaving the company with a market capitalization of $1.5 billion. Meredith stock dropped 9.7 percent to $59.20, giving it a...

  • April 28- Time Inc said on Friday it would not sell itself but pursue a strategic plan to boost growth, sending its shares tumbling nearly 19 percent. The focus now is to execute on our plan, "Chief Executive Rich Battista told Reuters in an interview. The Wall Street Journal reported in December that the publisher had tapped Morgan Stanley and Bank of America Corp to...

  • NEW YORK— Time's stock tumbled Friday after the publisher said its board is not considering a sale of the company. The New York- based company said that a number of parties expressed interest in the business. Time Inc. shares ended the day down $3.10, or 17 percent, at $15.20.

  • The latest on developments in financial markets:. Stocks ended slightly lower on Wall Street, narrowly missing a fourth record high close this week for the Nasdaq composite index. Magazine publisher Time Inc. plunged 17 percent after saying it decided not to pursue a sale of the company.

  • April 28- Time Inc said on Friday it had evaluated potential offers but decided to pursue its own strategic plan, sending its shares tumbling more than 20 percent. The Wall Street Journal reported in December that the publisher had tapped Morgan Stanley and Bank of America Corp to help field takeover or partnership interest. While Time Inc was seeking more than...

  • April 28- Time Inc said on Friday it ended talks with possible suitors and would instead pursue a strategic plan to boost growth, sending its shares sharply down. Shares of the publisher of Sports Illustrated and People magazines plunged 20 percent to $14.60 in premarket trading. Time Inc pledged to continue its strategic plan, which includes revamping its cost...

  • April 28- Time Inc said on Friday its board had evaluated a number of expressions of interest but decided to pursue its own strategic plan, sending its shares down 19 percent in premarket trading. The publisher of Sports Illustrated and People magazines said the board would continue to pursue its strategic plan, which includes changes to its cost structure.

  • WASHINGTON, April 25- FCC Chairman Ajit Pai said on Tuesday the top U.S. telecommunications regulator would launch a "comprehensive review" of media regulations and overhaul rules that restrict consolidation among media companies, potentially opening the door to a wave of deals among broadcasters and newspapers. In 2016, the FCC under Democratic President...

  • At a speech to broadcasters in Las Vegas, the FCC chief said the commission will vote May 18 to start the review. In 2016, the FCC under President Barack Obama voted to retain nearly all rules limiting cross-ownership of newspapers, radio and TV stations in the same market. Struggling newspaper companies had pushed for the FCC to relax the restrictions.

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • BRASILIA, April 23- The Brazilian government may increase the corruption fine that engineering conglomerate Odebrecht agreed to pay in a multi-billion dollar leniency deal signed last year, newspaper Folha de S.Paulo reported on Sunday. Odebrecht, once Latin America's biggest builder, struck a deal with Brazil, the United States and Switzerland in December...

  • DUBAI, United Arab Emirates— In a story April 22 about entrepreneurs from the Middle East, in a section about one Saudi woman who stands out, The Associated Press misspelled her name. Both companies are headquartered in Dubai, an emirate with futuristic skyscrapers that is working to harness the power of the region's majority young population with a minister of...

  • Both companies are headquartered in Dubai, an emirate with futuristic skyscrapers that is working to harness the power of the region's majority young population with a minister of state for youth affairs who is a mere 22 years old. Khaled Talhouni, the managing partner at venture capitalist firm Wamda Capital, says the negative headlines out of the Middle East...

  • NEW YORK— Earnings at The Associated Press shrank substantially last year compared with 2015, when the news organization enjoyed a large tax benefit that skewed its results. Net income last year shrank to $1.6 million from $183.6 million in 2015, a 99 percent decline. AP ended 2016 with $24.7 million in cash and equivalents, down from $50.6 million the year...

  • Facebook Instant Articles

    After two years of experimenting with Instant Articles, many outlets appear to have had enough, The Verge reports.

  • *Private equity firms reported to bid $22 bln for SCA hygiene arm. STOCKHOLM, April 13- A group of private equity companies have bid around 200 billion Swedish crowns for the hygiene arm of tissue and forestry products firm SCA, Swedish daily Dagens Nyheter said, citing unnamed sources. Sweden's SCA last week formally approved a proposal to split into two listed...

  • Pulitzer Prize Medallion

    Coverage of an abuse of an obscure law by the New York Police Department, Russian power and the Philippines drew some of the top awards.

  • LONDON, March 28- Britain's Telegraph Media Group, the publisher of the Daily and Sunday Telegraph broadsheets, is cutting jobs by outsourcing more of its sub-editing and page production to a third party agency, the company said on Tuesday. The group, which has been owned by British businessmen David and Frederick Barclay since 2004, said the domestic news...