Jennifer's Feed
Nov 4, 2013

Half of U.S. adult Twitter users consume news on the platform

By Jennifer Saba

(Reuters) – About half of all adult Twitter users in the United States said they get news through the social media platform, mainly on mobile devices, according to a new survey.

The report by the Pew Research Center in collaboration with the John S. and James L. Knight Foundation was released on Monday. The results are based on a the survey of more than 5,000 U.S. adults including Twitter and Facebook users.

Oct 31, 2013

FT Chief Ridding: no plans to kill its pink pages

NEW YORK (Reuters) – The Financial Times plans to retain its famously salmon-hued print edition even as it aggressively ramps up digital distribution, its chief executive said in an interview.

FT Group CEO John Ridding said a “digital first” strategy that will eliminate the paper’s current regional editions in favor of a single global one does not sound a death knell for the physical newspaper.

Oct 31, 2013

Pearlstine returns to Time Inc to lead reorganization

By Jennifer Saba

(Reuters) – Norman Pearlstine is leaving Bloomberg LP to return to Time Inc in the newly created position of executive vice president and chief content officer as the magazine publisher moves to split with Time Warner Inc.

The return of Pearlstine to Time Inc is a homecoming for the man who was the company’s editor-in-chief from 1994 through 2005.

Oct 31, 2013

New York Times revenue rises on subscriptions

By Jennifer Saba

(Reuters) – New York Times Co reported higher third-quarter revenue on Thursday after more readers paid for its flagship newspaper and its digital products.

The company is relying on customers to open their wallets as advertisers pull back from newspapers.

Oct 30, 2013

French online start-up Criteo shares pop in market debut

NEW YORK/PARIS (Reuters) – Shares in French online advertising firm Criteo rose more than 30 percent in its stock market debut on Nasdaq on Wednesday, showing investor appetite for technology start-ups and delivering a payday to its venture capital backers.

Shares in the company, which uses tracking technology to target ads at consumers surfing the web, opened at $31 and were at $41.40 by 1625 GMT, giving the eight-year old start-up a market capitalization of roughly $2.3 billion.

Oct 29, 2013

Thomson Reuters cuts 3,000 jobs, stock rises

By Jennifer Saba

(Reuters) – Thomson Reuters Corp said on Tuesday that new sales of its financial terminals outpaced cancellations in the third quarter for the first time since 2011, and it announced 3,000 job cuts to reduce costs.

The global news and information company’s stock rose more than 2 percent to hit a two-year high on optimism that the positive turn in net sales will translate into stronger revenue growth next year, since terminal subscriptions are signed on an annual basis. Thomson Reuters also announced a $1 billion share buyback program.

Oct 29, 2013

Thomson Reuters financial sales turn corner; company cuts jobs

By Jennifer Saba

(Reuters) – Thomson Reuters Corp (TRI.N: Quote, Profile, Research) (TRI.TO: Quote, Profile, Research) said on Tuesday that new sales of its financial terminals outpaced cancellations in the third quarter for the first time since 2011, and it announced 3,000 job cuts to reduce costs.

The global news and information company’s stock rose more than 2 percent to hit a two-year high on optimism that the positive turn in net sales will translate into stronger revenue growth next year, since terminal subscriptions are signed on an annual basis. Thomson Reuters also announced a $1 billion (623 million pounds) share buyback program.

Oct 29, 2013

Thomson Reuters’s financial business turns corner

By Jennifer Saba

(Reuters) – Thomson Reuters Corp (TRI.N: Quote, Profile, Research, Stock Buzz) (TRI.TO: Quote, Profile, Research, Stock Buzz) said on Tuesday that net sales in its financial business turned positive for the first time since 2011 and announced 3,000 job cuts aimed at streamlining the global news and information company.

Logging positive net sales is an important milestone for Thomson Reuters because it shows new sales outpaced cancellations in the Financial & Risk division, which serves banks and financial institutions. Since subscriptions are signed on an annual basis, net sales are a key indicator for future revenue.

Oct 24, 2013

One-third of U.S. adults get news through Facebook -study

Oct 24 (Reuters) – One in three Americans get news through
Facebook, according to a study from the Pew Research
Center released on Thursday.

Almost 80 percent of those surveyed happen upon news when
they are checking up on friends or sharing photos. Heavy news
consumers did not describe Facebook as an important source of
news, the study found.

Oct 21, 2013

Gannett third-quarter revenue falls on newspaper weakness

By Jennifer Saba

(Reuters) – Gannett Co Inc (GCI.N: Quote, Profile, Research, Stock Buzz), the largest U.S. newspaper chain, reported a 4 percent drop in third-quarter revenue on Monday because of a decline in advertising sales, mainly at its papers.

Publishing revenue fell to $858.1 million on a 6 percent slide in advertising revenue. Circulation revenue dipped 0.6 percent. Gannett, whose properties include USA Today, started charging for digital content a year ago at its U.S. newspapers.