Media Publishing

  • Nov 7- News Corp, the owner of the Wall Street Journal, Dow Jones Newswires and book publisher HarperCollins, reported a 2.4 percent fall in quarterly revenue as it struggles to cope with a decline in newspaper advertising sales. Spending on newspaper advertising in the United States is expected to fall 11 percent this year to about $12 billion, according to media...

  • Nov 7- News Corp, the owner of the Wall Street Journal, Dow Jones Newswires and book publisher HarperCollins, reported a 2.4 percent fall in quarterly revenue as it struggles to cope with a decline in newspaper advertising revenue. The company, controlled by media mogul Rupert Murdoch, said on Monday its revenue fell to $1.97 billion in its first fiscal quarter...

  • Nov 4- Tronc Inc Non-Executive Chairman Michael Ferro agreed on Friday there was a possibility of striking "a different type of deal" with fellow newspaper publisher Gannett Co, days after merger talks between the companies fell apart. Ferro was asked on CNBC if Tronc, publisher of the Chicago Tribune and the Los Angeles Times, might agree to "a different type of...

  • Gannett never had the money: Tronc chairman

    We were as surprised as anyone, says Michael Ferro, Tronc chairman, discussing Gannett taking its bid off the table after it was unable to secure financing. We are the improving balance sheet company right now, says Ferro.

  • LAGOS, Nov 4- A commander of a Nigerian militant group has attacked the Trans Forcados oil pipeline in the Niger Delta without authorisation, a local newspaper said on Friday, quoting a statement from the group. "The Movement for the Emancipation of the Niger Delta takes full responsibility for the Trans-Forcados Crude Export pipeline attack in the Batan area of...

  • TV network, reported a better-than-expected quarterly profit and revenue, helped by an increase in fees from CBS- affiliated stations as well as growth from digital distribution platforms. CBS, home to popular shows such as "Homeland" and "The Big Bang Theory", said revenue rose 4.3 percent to $3.396 billion in the third quarter. CBS said net income from continuing...

  • *Shares rise as much as 6.77 pct to $13.40. Shares of the company, which reported strong growth in ad revenue, rose as much as 6.77 percent to $13.40 in morning trading on Thursday. The Wall Street Journal has started laying off employees and reducing the number of sections in the newspaper, while the New York Times said in April it would shut some of its Paris...

  • Nov 3- Time Inc, publisher of People, Sports Illustrated and Fortune magazines, posted a near 3 percent fall in quarterly revenue as income from print advertising offset gains in its digital business. The company's net loss narrowed to $112 million, or $1.13 per share, in the third quarter ended Sept. 30, from $913 million, or $8.30 per share, a year earlier.

  • The company, which has been grappling with declining print ad sales, marked 2016 as the "investment year" for raising the bar on digital investments, with plans to invest more than $50 million over the next three years to cement its presence outside the United States. On an adjusted basis, the company earned 6 cents per share from continuing operations in the third...

  • The company, which has been grappling with declining print ad sales, marked 2016 as the "investment year" for raising the bar on digital investments, with plans to invest more than $50 million over the next three years to cement its presence outside the United States. On an adjusted basis, the company earned 6 cents per share from continuing operations in the third...

  • Nov 2- News Corp's The Wall Street Journal will launch a new format for the newspaper with fewer sections on Nov. 14, and has begun laying off employees as part of an effort to cut costs, according to two memos reviewed by Reuters on Wednesday. On Wednesday, the Journal laid off staff of its Greater New York section, according to a memo sent on Wednesday from the...

  • Nov 2- News Corp's The Wall Street Journal will launch a new format for the newspaper with fewer sections on Nov. 14, Gerald Baker, the editor-in-chief, told employees in a memo on Wednesday. A spokeswoman for Dow Jones& Co, the News Corp unit that oversees The Wall Street Journal, declined to comment on how many employees requested buyouts. It will also include a new "...

  • Nov 2- News Corp's Wall Street Journal will launch a new format for the newspaper with fewer sections on Nov. 14, Gerald Baker, the editor-in-chief, told employees in a memo on Wednesday. "We must move to create a print edition that can stand on a sound financial footing for the foreseeable future while our digital horizons continue to expand," Baker said in the memo...

  • Nov 2- The New York Times Co reported a 95.7 percent fall in quarterly profit, hit by restructuring charges related to headcount reductions. Net profit attributable to the newspaper publisher fell to $406,000, or break-even per share, in the third quarter, from $9.4 million, or 6 cents per share, a year earlier. Revenue fell to $363.6 million from $367.4 million.

  • Nov 2- The New York Times Co reported a 95.7 fall in quarterly profit, hit by restructuring charges related to headcount reductions. Net profit attributable to the newspaper publisher fell to $406,000, or break-even per share, in the third quarter, from $9.4 million, or 6 cents per share, a year earlier. Revenue fell to $363.6 million from $367.4 million.

  • Nov 2- Torstar Corp, owner of Canada's largest circulation daily newspaper, reported a bigger-than-expected adjusted third- quarter loss as it struggles with slumping advertising revenue. Torstar said its operating revenue also fell, by 12.6 percent to C $162.1 million, but the publisher of the Toronto Star recorded its first net profit in seven quarters,...

  • Nov 2- Torstar Corp, owner of Canada's largest circulation daily newspaper, swung to a profit in the third quarter after six consecutive quarters of losses. The company, publisher of the Toronto Star, reported net income attributable to shareholders of C $1.4 million, or 2 Canadian cents per share, for the quarter ended Sept. 30. That compared with a net loss of C...

  • SAN FRANCISCO/ NEW YORK Nov 1- The long-awaited merger between Gannett Co Inc, the publisher of USA Today, and Tronc Inc, the publisher of the Chicago Tribune and the Los Angeles Times, fell apart on Tuesday after months of talks. Tronc, whose shares closed down more than 12 percent at $10.54, said on Tuesday that a deal was agreed upon in mid-September with Gannett, but...

  • Nov 1- Gannett Co Inc, the publisher of USA Today, said it had abandoned plans to buy Tronc Inc, the publisher of the Chicago Tribune and the Los Angeles Times, after determining that the terms of the deal were not acceptable. Most recently, the two parties had agreed to a purchase price of $18.75 per Tronc share, or about $683 million overall, according to sources...

  • Nov 1- Gannett Co Inc, the publisher of USA Today, said it had abandoned plans to buy Tronc Inc, the publisher of the Chicago Tribune and the Los Angeles Times, after determining that the terms were not acceptable. The final offer price has not been publicly disclosed, but the Wall Street Journal reported that the companies had recently agreed on a purchase price of...