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Media Publishing

  • LONDON, May 25- The owner of the Daily Mail newspaper said the rate of decline in print advertising had eased slightly in the first half of the year while online ad sales surged, helping the group to reiterate its 12- month targets. Daily Mail and General Trust said print advertising fell by 8 percent in the six months to end March, easing from the 12 percent fall...

  • *A spun off, listed Pay-tv unit could fetch up to 120 billion rand- analysts. JOHANNESBURG, May 24- It was the investment that transformed Naspers from a small-time South African newspaper publisher into Africa's most valuable company and made its long-serving director and chairman Koos Bekker a billionaire. Naspers has plowed in around $3.6 billion since 2012...

  • MELBOURNE, Australia— A tearful Rebel Wilson testified on Tuesday that a series of magazine articles published in Australia were a deliberate attack on her character and damaged her acting career. The articles said Wilson had lied about her name, age and upbringing in Australia. Wilson wiped away tears as she testified in the Supreme Court of Victoria,...

  • It was a response to Friday's detentions of Mediha Olgun, the editor of Sozcu's website, and reporter Gokmen Ulu. Detention warrants were also issued for owner Burak Akbay and head of finance Yonca Kaleli. Sozcu is a staunch supporter of the secular legacy of Turkey's founder Mustafa Kemal Ataturk and a sharp critic of Turkey's president and government.

  • NEW YORK— An acclaimed essayist and historian has been chosen to succeed the late Robert Silvers as editor of The New York Review of Books. His books include "Their Promised Land: My Grandparents in Love and War" and "Year Zero: A History of 1945." Buruma, 65, is a professor of democracy, human rights and journalism at Bard College. The Review has published essays,...

  • CANBERRA, Australia— Australia's second-largest newspaper empire, Fairfax Media, announced Thursday that it has received rival takeover offers from two U.S. private equity investment firms. The Sydney- based multimedia company said a non-binding indicative offer was received Wednesday from San Francisco- based Hellman& Friedman at a price of between AU...

  • NEW YORK— Ann Patchett is working on a book that combines historical research, personal experience and political advocacy. The author of such acclaimed novels as "Bel Canto" and "Commonwealth" plans a nonfiction release to honor the centennial of the 19th Amendment, which guaranteed women the right to vote. Publisher HarperCollins told The Associated Press on...

  • NEW YORK— Excerpts from new books by Louise Erdrich and Amy Tan can be read for free in a pair of new digital compilations. The industry newsletter Publishers Lunch announced Tuesday that 53 works coming out this fall and winter will be highlighted in " Buzz Books 2017: Fall/Winter" and " Buzz Books 2017: Young Adult Fall/Winter." "The" Buzz Book "releases also include"...

  • The New Yorker is taking on the firing of FBI Director James Comey, comparing it to the story of the man who was forcibly removed from a United flight.

  • *Q3 adj profit $0.07/ shr vs est $0.05/ shr. May 9- News Corp reported better-than-expected quarterly revenue as the owner of the Dow Jones Newswires and the Wall Street Journal saw an uptick in its digital real estate business and growth in its advertising revenue. The company said digital subscribers accounted for 53 percent of total subscriptions for the Wall...

  • May 9- News Corp reported better-than-expected quarterly revenue as the owner of the Dow Jones Newswires and the Wall Street Journal saw an uptick in its news and information unit and its digital real estate business. The company, whose newspapers include the New York Post, the Times in London and the Australian, has been transforming its business and moving...

  • The book will be "a unique amalgam of intrigue, suspense and behind-the-scenes global drama from the highest corridors of power," publishers Knopf Doubleday Publishing Group and Hachette Book Group said in a statement. "Working on a book about a sitting president drawing on what I know about the job, life in the White House, and the way Washington works has been a lot...

  • Pearson CEO: Look forward to engagement with teacher unions

    Pearson CEO John Fallon talks about the relationship the education and publishing group has with a group of international teaching unions.

  • Pearson CEO: I’ve bought shares in the firm with extra pay

    Pearson CEO John Fallon tells CNBC it’s for the board to decide his annual salary while commenting on additional pay that he receives.

  • Working to make Pearson as efficient as I can: CEO

    Pearson CEO John Fallon talks about the importance of technology and quality of education, following the release of its latest earnings.

  • 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...