NEW YORK (Reuters) – Media company Meredith Corp plans to aggressively grow its local TV station group through acquisitions that could eventually lead to a spin-off, the company’s chief executive officer said in an interview with Reuters on Monday.
“We are putting together a hit-list of (TV) properties and working with owners,” CEO Stephen Lacy said.
NEW YORK (Reuters) – New York Times Co Chief Executive Officer Mark Thompson said the publisher is going to keep all its money losing operations under review – including those in China – as he seeks to negotiate the newspaper’s increasing shift towards a digital landscape.
The New York Times Chinese language website has been blocked in China ever since it published an article in October 2012 about the family wealth of Wen Jiabao, the former premier.
Nov 20 (Reuters) – Rupert Murdoch and his wife, Wendi Deng
Murdoch, appeared before a Manhattan judge on Wednesday in a
10-minute hearing that cleared the way for ending their 14-year
“I’m glad you were able to resolve these matters amicably,”
New York State Judge Ellen Gesmer said to the media mogul and
his wife after asking if they were satisfied with settlement.
(Reuters) – Rupert Murdoch, the chairman of News Corp and 21st Century Fox, and his wife of 14 years, Wendi Deng Murdoch, are close to settling their divorce, according to a person familiar with the terms of the agreement.
They are scheduled to appear on Wednesday at New York State Supreme Court in Manhattan to finalize what is considered to be an amicable agreement, the person said. The couple have prenuptial and postnuptial agreements.
(Reuters) – As one of the media properties tucked away within IAC/Interactive Corp’s vast group of online holdings, executives are putting the spotlight on Vimeo, breaking out the number of users and revenue for the first time.
IAC revealed that Vimeo has an audience of more than 100 million unique users, 400,000 paying subscribers and about $40 million in revenue over the past 12 months ending October.
NEW YORK (Reuters) – New media websites from BuzzFeed to Business Insider are on a roll lately, showered with dollars from venture capitalists betting that they will crack an advertising market that has stymied traditional media companies.
With their mix of top-ten lists, slide shows that highlight the indignities of air travel, eye-catching headlines and thoughtful news, such media start-ups think their fresh approach to working with brands will coax more money from advertisers.
(Reuters) – Rupert Murdoch’s News Corp (NWSA.O: Quote, Profile, Research, Stock Buzz) reported a steeper than expected 3 percent decline in revenue in the company’s first quarter that it was split off from its more profitable sister entertainment business Fox, as a steep drop in Australian newspapers took its toll.
The company, which publishes The Wall Street Journal and the Times of London, said net income attributable to common shareholders was $27 million, compared to a loss of $92 million in the same quarter last year.
(Reuters) – Demand Media said on Thursday that a drop in search engine referrals and weak advertising sales sent its revenue down for the first time since the company made its public debut nearly three years ago.
Demand Media, which owns the websites eHow, LiveStrong and Cracked, mainly makes its money from articles and videos that surface high in search results. Its other line of business maintains top-level generic web domain names like “.actor” and “.social.”
Nov 5 (Reuters) – AOL Inc reported
higher-than-expected third-quarter revenue on increased
advertising sales, but earnings fell sharply because of
challenges at its network of community news websites known as
The digital media and entertainment company said on Tuesday
it took a pre-tax restructuring charge of $19 million and an
impairment charge of $25 million, both related to Patch, sending
income down 90 percent to $2 million, or 2 cents per share.
(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.