Paul's Feed
Apr 16, 2012

Philadelphia Inquirer wins Pulitzer for public service

NEW YORK (Reuters) – The Philadelphia Inquirer on Monday won the Pulitzer Prize in the coveted public service category, while another Pennsylvania newspaper, The Patriot-News, took home the award for local reporting for its coverage of the Penn State child sex abuse scandal.

The Philadelphia Inquirer won for what for the board described as “its exploration of pervasive violence in the city’s schools,” beating out nominees The New York Times and the Miami Herald.

Mar 28, 2012

Brooke Astor’s will finally settled; $100 mln to charities

NEW YORK (Reuters) – The bitter five-year battle over the estate of Brooke Astor, the socialite and philanthropist, was settled on Wednesday in a deal that allows $100 million to be dispensed to various charities, including New York parks, museums and schools.

The agreement ends a dispute over Astor’s fortune raging since her death in 2007 at age 105, one that brought to light ugly details about the high-society family and eventually resulted in the fraud conviction of Astor’s only son, Anthony Marshall.

Mar 16, 2012

Under fire, Goldman finds friend in New York’s mayor

NEW YORK, March 16 (Reuters) – Goldman Sachs
has no shortage of friends in high places –
including New York’s City Hall.

Mayor Michael Bloomberg, who made his early millions on Wall
Street before turning them into billions at his own financial
data and news company, threw his support behind the investment
bank, still licking its wounds from a withering resignation
letter by a Goldman Sachs employee in the New York

Feb 15, 2012

A new NBA star, Jeremy Lin becomes a bankable name

NEW YORK (Reuters) – Less than two weeks ago anyone looking to buy a ticket to watch the New York Knicks play the Dallas Mavericks this weekend could expect to pay around $270. Today, the same ticket would cost about twice that.

Call it Linflation.

Jeremy Lin’s surprising basketball heroics have made the 23-year-old point guard a sports sensation and media darling nearly overnight, and there are no shortage of entrepreneurs trying to cash in.

Jan 7, 2012

TV broadcasters enjoy spoils of political wars

NEW YORK/LOS ANGELES (Reuters) – One winner in 2012’s political races already has been decided: local television stations.

Spending on TV advertising likely will mount to historic levels as candidates again blanket airwaves with commercials pitching their virtues or bashing their opponents. The hard-fought, and expensive, battles will provide a welcome windfall for TV stations, particularly in the most tightly contested states that will decide if President Barack Obama wins re-election or loses to his yet-to-be-decided Republican opponent.

Jan 5, 2012

Holy Revenge: Ex Murdoch editor hired by rival NY tabloid

NEW YORK/LONDON (Reuters) – The Daily News of New York has hired former News of the World editor Colin Myler as its editor in chief, an appointment that is certain to add spice to the newspaper’s long and heated rivalry with Rupert Murdoch’s New York Post.

Myler, who replaces Kevin Convey, had long been a close lieutenant of Murdoch, serving as managing editor of the New York Post before he was brought to London in 2007 to clean up the scandal-plagued News of the World.

Dec 20, 2011
via MediaFile

In Super Bowl streaming deal, Verizon scores again

What a delightful week this is turning out to be for Verizon. First, archrival AT&T decides it will ditch its $39 billion bid for T-Mobile USA (as if they weren’t grinning madly in the halls of Verizon’s Art Deco building down on West Street) and then they get a piece of this NBC deal to stream the Super Bowl.  No doubt, in the greater scheme of things the AT&T news trumps the streaming deal — but every little thing helps in the crazy competitive telecoms world.

Here’s the upshot: For the first time NFL postseason games — including the Super Bowl — will be streamed live online over and and over mobile devices through an app supplied by Verizon.  This is NBC’s deal;  Fox tells us they have “no similar plans” while we’re CBS declined to comment on whether they would do a streaming deal..

Dec 19, 2011

NY Times near sale of regional newspapers

NEW YORK (Reuters) – The New York Times Co is nearing a sale of 16 regional newspapers spread across the Southeast and California to Halifax Media Holdings, it said on Monday.

The possible sale, news of which comes just days after New York Times Co announced the sudden retirement of its chief executive, is the latest in a series of steps the company has taken to cut costs and focus on its most important newspapers and their websites.

Dec 17, 2011

In search for new boss, Times Co steps into new era

NEW YORK (Reuters) – Janet Robinson, the outgoing chief executive of The New York Times Co, understood the dynamics of the print publishing business. But the newspaper business isn’t what it used to be.

Rather, publishing is now a complicated Venn diagram of digital advertising, online subscriptions, and video, all designed to offset the declining fundamentals of print.

Dec 16, 2011

NY Times CEO exits, without explanation

NEW YORK (Reuters) – Janet Robinson will step down as chief executive of the New York Times Co at the end of the month after a seven-year run in which she attempted to steer the company through one of the harshest business environments it has ever faced.

The New York Times, which in addition to its flagship paper publishes The Boston Globe and the International Herald Tribune, among others, will begin a search for internal and external candidates to replace Robinson, 61. Until then, publisher Arthur Sulzberger Jr. will oversee the company.