NEW YORK (Reuters) – Thomson Reuters Corp Chief Executive Tom Glocer said the company was coming to grips with the problems that led to a management shakeout last week, seeking to allay investor concerns centered on its new flagship product for financial markets.

Second-quarter results again showed tepid growth in the company’s Markets division, highlighting the underperformance that resulted in the unit’s reorganization and exit of six top executives including division head Devin Wenig.

NEW YORK (Reuters) – Thomson Reuters Corp reported sluggish growth in its Markets division, as the company struggles to accelerate adoption of its new Eikon flagship desktop for financial professionals.

The second-quarter results released on Thursday come on the heels of a management shakeout that resulted in the departure of Markets divisions chief Devin Wenig and several other high-level executives last week.

NEW YORK (Reuters) – Gannett Co is expanding its DealChicken daily deals service, which will be in more than 50 cities by the end of year, as the top U.S. newspaper chain tries to capitalize on the online coupon craze.

The company is entering a crowded market dominated by Groupon and LivingSocial. There are also a host of other new entrants, including Google, Facebook and AT&T.

NEW YORK, July 22 (Reuters) – Five more senior executives
are leaving Thomson Reuters Corp (TRI.N: Quote, Profile, Research, Stock Buzz) (TRI.TO: Quote, Profile, Research, Stock Buzz) in a shake-up
of its Markets division, which has posted disappointing revenue
growth amid slow sales of a key new product.

The departures follow that of Markets chief Devin Wenig,
announced late Thursday, and reflect the concerns of the board
and the controlling shareholder, Canada’s Thomson family, about
the division, which serves banks, brokerages and other firms
and contributes almost 60 percent of the company’s revenue.

NEW YORK (Reuters) – Digital subscribers to the New York Times more than doubled from the last financial quarter, sending shares of its parent company up nearly 6 percent, despite an industry-wide slump in print advertising.

New York Times Co said on Thursday its flagship property had 224,000 digital subscribers at the end of the second quarter, up from more than 100,000 in April.

NEW YORK (Reuters) – Gannett Co’s quarterly profit and revenue fell in the latest sign U.S. newspapers have yet to recover from an advertising slump.

Gannett, the largest newspaper chain in the United States, said on Monday total revenue fell 2.2 percent to $1.33 billion in the second quarter, in line with the average analyst forecast, according to Thomson Reuters I/B/E/S.

NEW YORK, July 18 (Reuters) – Gannett Co’s (GCI.N: Quote, Profile, Research, Stock Buzz)
quarterly profit and revenue fell in the latest sign U.S.
newspapers have yet to recover from an advertising slump.

Gannett, the largest newspaper chain in the United States,
said on Monday total revenue fell 2.2 percent to $1.33 billion
in the second quarter, in line with the average analyst
forecast, according to Thomson Reuters I/B/E/S.

NEW YORK (Reuters) – Les Hinton, Rupert Murdoch’s loyal lieutenant for more than half a century, was the man who would take one for the team if he had to.

On Friday, that is just what he did.

The phone hacking scandal that killed News Corp’s News of the World tabloid claimed a second senior executive at one of the world’s most powerful media companies with Hinton’s announcement that he would step down as chief executive of Murdoch’s Dow Jones & Co.

NEW YORK (Reuters) – Les Hinton, Rupert Murdoch’s loyal lieutenant for more than half a century, was the man who would take one for the team if he had to.

On Friday, that is just what he did.

The phone hacking scandal that killed News Corp’s News of the World tabloid claimed a second senior executive at one of the world’s most powerful media companies with Hinton’s announcement that he would step down as chief executive of Murdoch’s Dow Jones & Co.

NEW YORK/WASHINGTON, July 13 (Reuters) – When Rupert
Murdoch swooped in to buy the Wall Street Journal in 2007, it
sparked fears that the venerable newspaper brand would suffer
by being housed under the same roof as News Corp’s (NWSA.O: Quote, Profile, Research, Stock Buzz)
tabloids.

Those concerns have again arisen as the widening scandal
over phone-hacking at Murdoch’s British newspapers threatens to
spill over to U.S. shores.