Oct 21 (Reuters) – Gannett Co Inc, 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.
NEW YORK (Reuters) – Publishing and lifestyle company Rodale Inc has tapped former Dow Jones & Co executive Scott Schulman as its president, effective October 28.
Schulman will develop strategy to increase Rodale’s revenue, the company said in a press release on Tuesday. He will report to Maria Rodale, chairman and CEO, whose family has run the privately held company for three generations.
(Reuters) – Demand Media Inc Chairman and CEO Richard Rosenblatt is leaving the online content company he co-founded, its board announced on Monday.
The directors named Shawn Colo, who is also a co-founder, as the company’s interim president and chief executive. James Quandt, a board member, was named chairman.
NEW YORK/SAN FRANCISCO (Reuters) – Three weeks ago, Yahoo Inc Chief Executive Marissa Mayer strode into a Manhattan hotel and was greeted like a rock star by hundreds of advertising executives who snapped pictures as she sat down for an interview with journalist Charlie Rose.
That same audience a year ago would have been grousing that Mayer had not done enough to engage Madison Avenue, which is arguably Yahoo’s most important constituent since the Internet company derives more than 75 percent of its revenue from ad sales.
Oct 9 (Reuters) – Comcast Corp announced on
Wednesday that it developed a new remote control feature in
partnership with Twitter that allows users to turn the channel
through a tweet.
The “See It” button enables viewers to tune in to a live or
On Demand show like Sunday Night Football or “The Voice” through
their set-top box or mobile device. In addition, the button will
let users program digital video recorders or to buy movie
tickets through Fandango.
(Reuters) – Goldman Sachs Group Inc, JPMorgan Chase & Co and six other banks have agreed to join a new instant messaging network from Markit and Thomson Reuters Corp to connect disparate messaging systems.
The network, called Markit Collaboration Services, was launched on Monday and allows members to chat with one another regardless of the proprietary messaging technology that each firm uses.
Oct 7 (Reuters) – Goldman Sachs Group Inc, JPMorgan
Chase & Co and six other banks have agreed to join a new
instant messaging network from Markit and Thomson Reuters Corp
to connect disparate messaging systems.
The network, called Markit Collaboration Services, will be
launched on Monday and allows members to chat with one another
regardless of the proprietary messaging technology that each
NEW YORK (Reuters) – Domino, a magazine focused on do-it-yourself home decor until sparse advertising forced its closure during the financial crisis, is re-launching on Thursday as an e-commerce site and quarterly publication.
The revival marks the latest effort by publishers casting about for new forms of revenue as ad sales decline. The magazine industry eked out a gain of less than 1 percent in advertising revenue for the first half of the year, according to Publishers Information Bureau.
(Reuters) – Twitter said on Wednesday it would carry instant-replay footage from National Football League games as part of a new advertising partnership that could boost the social media company’s revenue before its highly anticipated initial public offering.
The agreement marks Twitter’s biggest sports-related commitment to date for its Amplify service. Amplify was formally unveiled last May as a way for Twitter, broadcasters and advertisers to capitalize on peoples’ use of social media while they watch TV – a phenomenon called “second screen” viewing.
Sept 23 (Reuters) – Apple Inc sold 9 million new
iPhones during their first three days in stores after China
joined the list of launch countries for the first time,
prompting the company to issue a rosier financial forecast.
Shares in the company closed up 5 percent at $490.64 on
Monday after the company said revenue in the fiscal fourth
quarter would gravitate towards the high end of its previous
forecast for $34 billion to $37 billion.