Jennifer's Feed
Sep 23, 2013

Apple sells nine million 5s, 5c iPhones in first three days

By Jennifer Saba

(Reuters) – Apple Inc said it sold 9 million iPhone 5s and iPhone 5c models in their first three days on the market, the most successful iPhone launch ever.

Apple shares rose more than 5 percent to $493.47 in early trading on Monday following the news.

Sep 23, 2013

Apple sells 9 mln 5s, 5c iPhones in first three days

Sept 23 (Reuters) – Apple Inc said it sold 9
million iPhone 5s and iPhone 5c models in their first three days
on the market, the most successful iPhone launch ever.

Apple shares rose more than 5 percent to $493.47 in early
trading on Monday following the news.

Sep 19, 2013

New York Times initiates dividend

Sept 19 (Reuters) – The New York Times Co board of
directors has initiated a quarterly dividend, ending a nearly
five-year dry spell for its investors and the family that
controls one of the world’s most prestigious newspapers.

The company announced on Thursday that it would pay 4 cents
per share on Oct. 24 to Class A and Class B stockholders as of
the close of business on Oct. 9.

Sep 16, 2013

Pandora warns growth is slowing, proposes follow-on offering

Sept 16 (Reuters) – Pandora Media Inc warned on Monday
that its business is slowing and proposed a follow-on offering
of 10 million shares for capital expenditures, according to a
regulatory filing.

The online streaming music company also said an additional 4
million shares will be offered by Crosslink Capital Inc, a
venture capital firm.

Sep 11, 2013

Tina Brown splits from Barry Diller’s IAC to start new venture

By Jennifer Saba

(Reuters) – Tina Brown is leaving Barry Diller’s IAC/InterActivecorp to start a media venture after five years with the company, where she launched the news and culture website Daily Beast.

Brown said her new company, Tina Brown Live Media, will be devoted to summits, salons and debates, according to a memo that she sent out on Wednesday about her exit.

Sep 11, 2013

Pandora names former Microsoft executive Brian McAndrews as CEO

By Jennifer Saba

(Reuters) – Pandora Media Inc on Wednesday named former Microsoft Corp executive and venture capitalist Brian McAndrews as president, chairman and CEO.

McAndrews, 54, replaces Joe Kennedy who announced in March he was leaving the online streaming music company.

Sep 9, 2013

U.S. judge tosses pregnancy bias lawsuit against Bloomberg LP

NEW YORK (Reuters) – A federal judge threw out a lawsuit accusing Bloomberg LP of discriminating against dozens of pregnant employees, saying the Equal Employment Opportunity Commission’s mishandling of the case effectively cost the plaintiffs their day in court.

Monday’s decision in the six-year-old case, by Chief Judge Loretta Preska of the U.S. district court in Manhattan, is the latest win for the financial news and information company, whose majority owner is New York City Mayor Michael Bloomberg.

Sep 3, 2013

News Corp sells Dow Jones’ Local Media Group

By Jennifer Saba

(Reuters) – Rupert Murdoch’s News Corp (NWSA.O: Quote, Profile, Research, Stock Buzz) said on Tuesday that it has sold Dow Jones Local Media Group to a unit of Fortress Investment Group for an undisclosed sum.

The sale includes the former Ottaway newspaper chain of eight daily and 15 weekly community newspapers such as the Cape Cod Times in Hyannis, Massachusetts, and The Pocono Record in Stroudsburg, Pennsylvania.

Aug 20, 2013

Conde Nast launches new subscriber service with Amazon

NEW YORK Aug 20 (Reuters) – Magazine publisher Conde Nast
announced a major partnership with Amazon.com Inc on
Tuesday in which the Internet retailer will handle print and
digital subscriptions for glossy publications such as Vogue,
Wired and Vanity Fair.

Conde Nast is the first magazine publisher to collaborate
with Amazon on this type of service, a move that will simplify
and eventually save money on its subscription process and give
it access to a huge new customer base. Currently, subscriptions
involve direct mail and stacks of magazine insert cards.

Aug 20, 2013

Exclusive : Conde Nast launches new subscriber service with Amazon

NEW YORK (Reuters) – Magazine publisher Conde Nast announced a major partnership with Amazon on Tuesday in which the Internet retailer will handle print and digital subscriptions for its stable of glossy publications like Vogue, Wired and Vanity Fair.

Conde Nast is the first magazine publisher to collaborate with Amazon on this type of service, a move that will simplify its subscription process, which currently involves direct mail and stacks of magazine insert cards.