×

Media Publishing

  • Feb 21- Tribune Media Co, one of the largest U.S. television station operators, said on Tuesday that activist investor Starboard Value LP had taken a 6.6 percent stake in the company. Tribune's shares were up nearly 2.5 percent at $34.54 in trading after the bell. Tribune had hired investment banks Moelis& Co and Guggenheim Securities as financial advisers early...

  • HARDWICK, Vt.— A small Vermont weekly newspaper whose former owner tried to give away through an essay contest about the importance of local journalism was sold Friday to a Connecticut couple. Last fall, Ross Connelly abandoned his plan to find a new owner for the Hardwick Gazette through a $175 essay contest because he didn't get enough submissions.

  • CBS, which is home to popular shows such as "NCIS" and "The Big Bang Theory", has been facing a slowdown in its advertising revenue as advertisers shift more dollars from TV to online. CBS, like many of its peers, is also trying to boost its revenue through deals with streaming video providers. Last year, CBS signed deals with Hulu and Alphabet Inc's Google to be included in...

  • CBS, which is home to popular shows such as "NCIS" and "The Big Bang Theory", has been facing a slowdown in its advertising revenue as advertisers shift more dollars from TV to online. CBS, like many of its peers, is focused on increasing revenue through deals with streaming video providers. Last year, CBS signed deals with Hulu and Alphabet Inc's Google to be included in...

  • LOS ANGELES/ NEW YORK, Feb 15- Charlie Munger, the billionaire vice chairman of Warren Buffett's Berkshire Hathaway Inc, said some of U.S. President Donald Trump's ideas may prove constructive for the country, tempering comments a year ago suggesting that his fellow Republican was not morally qualified for the White House. "Well, I've gotten more mellow," Munger...

  • NEW YORK— New York magazine is teaming up with Simon& Schuster for a series of books, starting with one about... Tom Wolfe, Nora Ephron and Jimmy Breslin are among the many writers who have contributed to the magazine. Simon& Schuster President and publisher Jonathan Karp praised the magazine's "exciting, vibrant, and memorable journalism.

  • Teachers from elementary school through college are instructing students on how to decipher fact from fiction when it comes to online news, after an election season that saw made-up stories abound. Some of their media literacy lessons:. That "com.co" ending on an otherwise authentic-looking website is a red flag.

  • HONG KONG, Feb 10- The mysterious disappearance from Hong Kong of Xiao Jianhua, a China- born billionaire, has sent a chill through mainland business circles linked to the city, and some are looking to move their assets, say financiers, lawyers and Chinese businessmen. Hong Kong, a global financial centre, has served as a major hub for Chinese capital since the former...

  • *Posts Q2 adjusted EPS of $0.19 vs estimates of $0.18. The company's news and information business, which includes the Wall Street Journal and the Times in London, has been suffering from lower ad sales as readership dwindles, with readers opting for free news on websites and mobile apps. Revenue in the business fell nearly 7 percent to $1.30 billion in the second...

  • The company's news and information business, which includes newspapers such as the Wall Street Journal and the Times in London, has been suffering from lower advertisements as readers prefer the quick and free news on websites and mobile apps. The business includes REA Group Ltd, a leading real estate advertising company in Australia, and Realtor.com in the...

  • Feb 9- News Corp, the owner of the Dow Jones Newswires and book publisher HarperCollins, posted a second-quarter loss as it struggles to offset the decline in advertising income in its newspaper business. Net loss available to News Corp shareholders was $290 million, or 50 cents per share, in the quarter ended Dec. 31, compared with a profit of $62 million, or 11 cents...

  • New York Times readers who sign up for a one-year, "all-access" digital subscription, which costs $5 per week, will also get free access to Spotify's premium service, which costs $120 per year, the Times said. However, the Times' latest quarter, which ended in December, was its best in five years for net new digital subscriptions, helped in part by then-Presidential...

  • The New York Times said in April that it would shut some of its Paris operations, while in November the Wall Street Journal started laying off employees and reducing the number of sections in the newspaper.. Net income attributable to the New York Times fell 28.1 percent to $37.1 million, or 24 cents per share, in the quarter. On an adjusted basis, the company earned 30...

  • Feb 2- The New York Times Co reported a 28.1 percent fall in quarterly profit, hurt by higher operating costs as the newspaper publisher ramps up its digital business. Net income attributable to the company fell to $37.1 million, or 24 cents per share, in the fourth quarter, from $51.7 million, or 31 cents per share, a year earlier. The company's revenue fell to $439.7...

  • WARSAW, Feb 2- Poland wants the European Bank Authority and other financial institutions to move their offices from London to Poland, the business daily Puls Biznesu cited the head of the country's top financial supervision agency as saying on Thursday. London, an entry point to the European Union's single market in financial services will lose its status...

  • TV station operators, said on Wednesday Chief Executive Peter Liguori would step down in March. "It became clear to Peter and the board that in this last year of his contract it was time to find a new CEO to run the more broadcast-centric company," Bruce Karsh, chairman of Tribune's board said. Tribune's board named director Peter Kern as interim CEO during the search...

  • BRUSSELS, Jan 24- U.S. online retailer Amazon has offered to alter its e-book contracts with publishers in a bid to end an EU antitrust probe and stave off a possible fine, the European Commission said on Tuesday. Amazon, the biggest e-book distributor in Europe, proposed to drop some clauses in its contracts so publishers will not be forced to give it terms as good as...

  • CALGARY, Alberta, Jan 23- A pipeline in the western Canadian province of Saskatchewan has leaked oil in an aboriginal community, the provincial government said on Monday. It was not immediately clear which company owns the line, though the Leader-Post reported Tundra Energy Marketing Inc is leading cleanup efforts. Oil pipelines are viewed by the oil-rich...

  • OTTAWA, Jan 20- Canada's business competition watchdog said on Friday it had reached an agreement with Apple Inc and three major e-book publishers that will allow retailers to offer discounts to customers. The Competition Bureau's investigation found that an arrangement between the publishers and Apple led to higher prices for Canadians.

  • Pearson shares sink on profit warning

    Discussing shares of publishing company Pearson sinking about 30 percent, with CNBC's Mike Santoli.