(Reuters) – Media veteran Barry Diller’s IAC/InteractiveCorp (IACI.O: Quote, Profile, Research, Stock Buzz) breezed past quarterly expectations on the strength of its search businesses such as Ask.com.
IAC, a holding company for search, dating and media websites, said on Wednesday that revenue increased 38 percent in the third quarter to $714.5 million.
NEW YORK, Oct 23 (Reuters) – The New York Times public
editor has questioned whether the newspaper’s incoming chief
executive, the former BBC head Mark Thompson, is fit to serve as
the company’s top official as a scandal shakes Britain’s most
One Wall Street analyst called for the New York Times Co
to delay Thompson taking over the company, adding more
pressure on executives to address the matter on the company’s
earnings conference call on Thursday.
(Reuters) – Newsweek, one of the most internationally recognized magazine brands in the world, will cease publishing a print edition after nearly 80 years.
The decision to go all-digital, disclosed in a blog post on its companion website The Daily Beast, is indicative of the shift to media consumption on digital devices such as tablets and mobile phones and underscores the problems faced by newsweeklies in an increasingly commoditized, 24-hour news cycle.
(Reuters) – The erupting scandal at Britain’s public broadcaster, the BBC, over allegations of sexual abuse involving late TV host Jimmy Savile is leading to awkward questions for the New York Times Co’s incoming chief executive, Mark Thompson.
The BBC is facing police and parliamentary inquires into whether Savile, the eccentric host of the BBC’s legendary “Top of the Pops” music show who died last year at the age of 84, sexually abused a group of women and girls — some as young as 13 — over six decades. The probes follow a bombshell report aired earlier this month by rival broadcaster ITV about the allegations.
(Reuters) – Gannett Co Inc (GCI.N: Quote, Profile, Research, Stock Buzz) reported better-than-expected revenue and higher profit on strong television advertising from the Summer Olympics and the U.S. presidential election and online subscription revenue from its newspapers.
The owner of newspapers and television stations said on Monday that third-quarter revenue rose 3.4 percent to $1.31 billion. Analysts expected revenue of $1.29 billion, according to Thomson Reuters I/B/E/S.
(Reuters) – Sirius XM Radio Inc CEO Mel Karmazin said the company will add 446,000 new subscribers for the third quarter and raised its full-year forecast to 1.8 million net additions.
Karmazin gave the updated business outlook for the satellite radio broadcaster while speaking at Liberty Media Corp’s annual investor day on Wednesday. Liberty, controlled by billionaire John Malone, is Sirius’s largest shareholder with a stake of just under 50 percent.
NEW YORK (Reuters) – He’s tearing down walls. He’s tossing out old business models. And he’s dressing down people, publicly and profanely, in the once-buttoned-down halls of Dow Jones & Co., publisher of the august Wall Street Journal.
Lex Fenwick (pronounced FEN-nick), a long-time Bloomberg LP executive, is making his mark on Dow Jones, the News Corp subsidiary where he became chief executive officer earlier this year.
NEW YORK, Oct 7 (Reuters) – He’s tearing down walls. He’s
tossing out old business models. And he’s dressing down people,
publicly and profanely, in the once-buttoned-down halls of Dow
Jones & Co., publisher of the august Wall Street Journal.
Lex Fenwick (pronounced FEN-nick), a long-time Bloomberg LP
executive, is making his mark on Dow Jones, the News Corp
subsidiary where he became chief executive officer
earlier this year.
Oct 4 (Reuters) – Google Inc and a group of publishers have
agreed to a settlement over making digital copies of books,
capping seven years of litigation prompted by the search giant’s
effort to become the world’s digital library.
Google and the Association of American Publishers
(AAP) said on Thursday that U.S. publishers can decide whether
they want their books made available through Google or not.
NEW YORK/SAN FRANCISCO, Oct 4 (Reuters) – Amazon.com Inc
CEO and founder Jeff Bezos, who quipped at a
shareholder meeting a few years ago that “advertising is the
price you pay for having an unremarkable product,” is eating
Three years on, as the company moves aggressively into the
mobile computing business with its Kindle tablets and ereaders,
Amazon has already spent $34 million on TV advertising for the
Kindle in the first half of the year, according to Kantar Media,
and there’s more to come.