Robert's Feed
Jan 15, 2010

Editor & Publisher to get new owner

NEW YORK (Reuters) – Editor & Publisher, chronicler of the U.S. newspaper business for more than a century, will live again after being shut down two weeks ago.

E&P, as journalists often call it, will resume publication after being sold to boating magazine publisher Duncan McIntosh, it confirmed on its website after Reuters reported the news.

Dec 23, 2009

Gannett, NY Times rise on analyst holiday gift

NEW YORK (Reuters) – Dear newspapers: Happy holidays. Love, Wall Street.

The stocks of Gannett Co Inc and New York Times Co, two of the best-known U.S. newspaper publishers, rose on Wednesday after an influential media analyst raised his ratings and profit forecasts on the companies.

“After years of downward revenue estimate revisions, it appears as though the newspaper ad market is improving more quickly than we previously anticipated,” Wells Fargo analyst John Janedis wrote in a research note for his clients.

Dec 23, 2009
via MediaFile

Dear newspapers: Happy holidays from John Janedis


Take heed and rejoice, you hard-working newspaper elves. Someone on Wall Street thinks that some newspaper companies aren’t dancing quite as close to the abyss as conventional wisdom says.

Wells Fargo analyst John Janedis, never known for going too easy on newspaper stocks, raised his rating on USA Today publisher Gannett to “outperform” and his rating on The New York Times to “market perform.”

Dec 4, 2009

Media: It’s good for your children?

NEW YORK (Reuters) – Media: everyone worries about its survival, nobody knows how to make the Web pay, and for more people every day, it’s a first-class ticket to layoffs.

That’s the business that executives who came to the Reuters Global Media Summit this week said would be good for their children — or yours — to consider as a career.

Dec 3, 2009

Harbinger cuts New York Times stake again

NEW YORK, Dec 3 (Reuters) – Hedge fund Harbinger Capital
partners has cut its stake in The New York Times Co <NYT.N> yet
again, about two years after spending half a billion dollars to
become one of its largest shareholders.

Harbinger reported a 12.79 percent stake in the Times Co’s
publicly traded shares in a securities filing on Thursday. On
Nov. 19, the company reported that it owned 14.64 percent of
the Times’ shares.

Dec 3, 2009

After decades, GE tries writing NBC off the show

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.

Dec 2, 2009

Sam Zell resigns as Tribune CEO, remains chairman

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.

Dec 2, 2009

Former BusinessWeek editor to join Thomson Reuters

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.

Dec 1, 2009

Gannett to furlough workers, USA Today cuts staff

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.