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Media Publishing

  • Shares of the company rose 7.3 percent to $15.35 in early trading. "We added an astonishing 308,000 net digital news subscriptions, making Q1 the single best quarter for subscriber growth in our history," Chief Executive Mark Thompson said in a statement. Digital advertising revenue, which now makes up about 38 pct of advertising revenue, rose 18.9 percent to...

  • Net income attributable to the company was $13.2 million or 8 cents per share in the first quarter of 2017, compared with a loss of $8.3 million or 5 cents per share, a year earlier. "We added an astonishing 308,000 net digital news subscriptions, making Q1 the single best quarter for subscriber growth in our history," Chief Executive Mark Thompson said in a...

  • 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...

  • 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...

  • 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...

  • HONG KONG, March 28- Acquisitive Chinese conglomerate HNA Group is in talks to buy a controlling stake in the owner of the publisher of Forbes magazine, two sources with knowledge of the matter told Reuters. Hong Kong- based investor group Integrated Whale Media Investments, which holds 95 percent of Forbes Media, is also in talks with another Chinese media firm...

  • ZAGREB, March 24- Croatia's government has drafted a law to protect the economy from any problems arising at Agrokor, a major employer that is weighed down by heavy debts, a newspaper reported on Friday. Agrokor, the largest food producer and retailer in the Balkans with revenues equivalent to 15 percent of Croatia's gross domestic product, is under pressure from...

  • *Uncertainty over Trump, USD rate, China demand seen as key risks. BEIJING, March 22- Business sentiment at Asia's top companies rose to its highest in almost two years in the first quarter of 2017, buoyed by positive economic signs from the United States and China that underpinned improved global demand, a Thomson Reuters/INSEAD survey showed.