NEW YORK (Reuters) – When General Electric Co sells its control of NBC Universal to Comcast Corp, it will begin an exit from a relationship formed at the dawn of television.
From its birth in 1926, NBC was the first big U.S. radio broadcast network. Since then, it proved itself to be a radio and TV pioneer that somersaulted over rivals with firsts in technology, ratings and entertainment.
NEW YORK (Reuters) – Sam Zell is resigning as chief executive of Tribune Co <TRBCQ.PK> after two years at the helm of the bankrupt media company whose $8.2 billion buyout he engineered in 2007.
Zell will remain chairman of Tribune, the television broadcaster, Internet company and publisher of some of the largest U.S. daily newspapers, including the Chicago Tribune and Los Angeles Times, the company said on Wednesday.
NEW YORK, Dec 2 (Reuters) – Former BusinessWeek editor
Stephen Adler will join Thomson Reuters Corp <TRI.TO><TRI.N> as
editorial director of the news and financial data provider’s
professional division, the company said on Wednesday.
Adler, who left BusinessWeek after McGraw-Hill Cos Inc
<MHP.N> said it would sell the struggling magazine to Bloomberg
LP, will design and edit news and editorial content for the
division of Thomson Reuters that caters to legal, healthcare,
science, tax and accounting professionals.
NEW YORK (Reuters) – Gannett Co Inc, the largest U.S. newspaper publisher, will furlough workers in its U.S. local newspaper division to save money as advertising revenue declines.
In a separate action, USA Today, Gannett’s largest newspaper, is also cutting 26 newsroom positions, according to a memo obtained by Reuters. USA Weekend is cutting 11 jobs. The memo was sent to employees on Tuesday.
NEW YORK (Reuters) – The Washington Post is closing its last U.S. bureaus outside the nation’s capital as the money-losing newspaper retrenches to focus on politics and local news.
“At a time of limited resources and increased competitive pressure, it’s necessary to concentrate our journalistic firepower on our central mission of covering Washington and the news, trends and ideas that shape both the region and the country’s politics, policies and government,” the newspaper’s top editor, Marcus Brauchli, wrote in a memo to employees that was obtained by Reuters.
NEW YORK (Reuters) – Rupert Murdoch has spent months complaining that Google is ruining the newspaper business, and now he wants to do something about it.
But, his proposal is a gamble, and one that could hurt News Corp instead of helping it.
NEW YORK, Nov 19 (Reuters) – BusinessWeek will lay off up
to 130 workers, about a third of its staff as Bloomberg LP
prepares to take over the magazine from McGraw-Hill Companies
Inc <MHP.N>, two sources at the magazine said on Thursday.
News of the job cuts comes on the same day The Associated
Press said it is laying off 90 news department workers, or
about 3 percent of its worldwide news staff, and capped a grim
week for journalists whose jobs at many U.S. news outlets have
been drying up in recent years.
NEW YORK, Nov 19 (Reuters) – Hedge fund Harbinger Capital
Partners cut its stake again in The New York Times Co <NYT.N>,
almost two years after it bought a big stake in a bid to shake
up the newspaper publisher.
Harbinger owns 14.64 percent of the Times Co’s publicly
traded shares, according to a filing with the Securities and
Exchange Commission on Thursday. In September, the hedge fund
reported a 16.38 percent stake.
NEW YORK, Nov 17 (Reuters) – Bloomberg LP said on Tuesday
that Time magazine Deputy Managing Editor Josh Tyrangiel will
edit BusinessWeek after it buys the weekly business magazine
from McGraw-Hill Companies Inc <MHP.N>.
Tyrangiel, 37, will report to Bloomberg’s chief content
officer Norm Pearlstine, who knew Tyrangiel from Time Warner
Inc’s <TWX.N> Time magazine, where he was editor-in-chief.