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Media Publishing

  • LOS ANGELES— Los Angeles Times Publisher and Chief Executive Ross Levinsohn was placed on an unpaid leave of absence amid allegations of past improper behavior, it was announced Friday. Some Times employees had called for Levinsohn to be fired after National Public Radio reported Thursday on allegations that he had engaged in what has been termed "frat-boy"...

  • A man holds a copy of the book 'Fire and Fury: Inside the Trump White House' by Michael Wolff after buying it at a bookstore in Washington, DC on January 5, 2018.

    Endeavor Content has acquired the rights to the book and plans to develop it into a TV show or a feature film, the New York Times reports.

  • NEW YORK— Media mogul Rupert Murdoch hurt his back in a recent sailing accident, according to a note provided to The Associated Press. The 86- year-old sent a note last week to senior colleagues at his companies, 21st Century Fox and News Corp., saying he will be working from home for weeks because of the injury, according to a person with knowledge of the email who was...

  • *Tech shares lead Wall St higher but Goldman, Bank of America lag. NEW YORK, Jan 17- World shares advanced on Wednesday to touch a record as Wall Street rallied on a rebound in technology shares while economic reports supported the dollar and optimism over global growth. U.S. corporate earnings are expected to be solid, with growth for the quarter forecast at 12.2...

  • *Tech shares lead Wall St higher but Goldman, Bank of America lag. NEW YORK, Jan 17- World shares inched higher on Wednesday as a rebound in technology shares lifted Wall Street, while the dollar relinquished early gains to trade lower after a report suggested a deal to prevent a U.S. government shutdown could be at risk. U.S. corporate earnings are expected to be solid,...

  • *Resource shares lead losses in Asia as oil dips. NEW YORK, Jan 17- World shares inched higher on Wednesday, with Wall Street advancing as technology shares rebounded from declines in the prior session, while commodity prices were muted for a second straight session. "It's very confusing to look at earnings right now because of the tax change charges," said Rick...

  • *Sees cautious book ordering by U.S. retailers. LONDON, Jan 17- Educational publisher Pearson expects pressure from its North American business to weigh on 2018 earnings, the former owner of the Financial Times newspaper warned on Wednesday, sending its shares to three-month lows. "Our higher ed courseware business is about 25 percent of Pearson, the other 75...

  • *Resource shares lead losses in Asia as oil dips. European bourses opened lower, mirroring moves in Asia and Wall Street overnight, as earnings updates from companies weighed. Their losses, along with weakness in the heavyweight financial and healthcare sectors, dragged the pan-European STOXX 600 and Britain's FTSE down as much as 0.2 percent.

  • Mark Zuckerberg, chief executive officer and founder of Facebook in July 2017

    The social network has implemented major changes to your News Feed. Here is what you should expect.

  • Michael Wolff, author of Fire and Fury: Inside the Trump White House.

    A controversial book about President Donald Trump's first year in the White House may bring in more than $7.4 million.

  • President Donald Trump, flanked by Interior Secretary Ryan Zinke and Secretary of State Rex Tillerson, holds a cabinet meeting at the White House in Washington, January 10, 2018.

    The president, who frequently attacks the news media, says the nation's current libel laws were "a sham and a disgrace."

  • Customers purchase copies of one of the first UK consignments of Michael Wolff's book on President Trump's Presidency 'Fire and Fury', at Waterstones, Piccadilly on January 9, 2018 in London, England. The book is already a bestseller with over a million orders in the US alone.

    Michael Wolff's explosive tell-all about the Trump administration has been so in demand that retailers have struggled to keep it in stock.

  • NEW YORK— Michael Wolff's "Fire and Fury" was the top-selling book last week, NPD BookScan told The Associated Press. "The first couple of days of sales figures aren't giving us the full picture," said Kristen McLean, the NPD Group's book industry analyst. "Fire and Fury" seemed to catch everyone off guard, from the Trump administration to publisher Henry Holt and Co.,...

  • LONDON— Virgin Trains and the Daily Mail are sparring in Britain after the rail operator said it had stopped stocking the newspaper on its west coast trains amid concern it was "not compatible" with the company's brand. The newspaper, which has been critical of Virgin founder Richard Branson and ever-increasing rail fares in Britain, shot back, suggesting there...

  • Michael Wolff, author of Fire and Fury: Inside the Trump White House.

    Michael Wolff calls the contents of his explosive book about the Trump White House "really solid."

  • Hearst CEO: Disney's acquisition of Fox clearly a win for our businesses

    It's another great move by Bob Iger, says Steven Swartz, Hearst president and CEO, discussing how Disney's acquisition of Twenty-First Century Fox will impact the company and many of its joint ventures. Also Swartz weighs in on the future of ESPN.

  • ZURICH, Dec 21- The Swiss National Bank has bought a majority stake in a maker of special paper for banknotes and passports to guarantee production of its new banknotes. In its first acquisition in decades, the central bank said on Thursday it was purchasing a 90 percent stake in Landqart AG after the company-- which makes the polymer material used in new 10- franc...

  • Rolling Stone 50 years special exhibition at Rock and Roll Hall of Fame and Museum on August 30, 2017 in Cleveland, Ohio.

    Penske Media said late Wednesday it is buying a majority stake in the Rolling Stone magazine from its New York-based publisher, Wenner Media.

  • Dec 20- Penske Media Corp said late Wednesday it is buying a majority stake in the Rolling Stone magazine from its New York- based publisher, Wenner Media. Rolling Stone co-founder Jann Wenner will assume the role of Editorial Director of the magazine after the completion of the deal, according to the statement. Wenner Media in September said it was exploring...

  • Dec 14- Chinese regulators have opened an antitrust investigation into Toshiba Corp's $18 billion deal to sell its memory chip unit to a consortium led by Bain Capital LP that includes memory maker SK Hynix, possibly delaying the March closing date Toshiba's leaders have targeted, the Nikkei Asian Review newspaper reported on Friday. Such reviews in China...