Jennifer's Feed
Feb 25, 2013

International Herald Tribune renamed International New York Times

By Jennifer Saba

(Reuters) – The New York Times Co said on Monday that it was changing the name of the International Herald Tribune (IHT) to the International New York Times, putting an end to a 40-year-old brand that served as the hometown paper for Americans living abroad.

The move to re-brand the IHT is not entirely unexpected. The New York Times has stepped up efforts to strengthen its global recognition, and it is in the process of shedding most of its properties, including the Boston Globe.

Feb 20, 2013

New York Times puts Boston Globe up for sale again

NEW YORK (Reuters) – The New York Times Co is putting The Boston Globe on the auction block for a second time as it seeks to focuses solely on growing its flagship newspaper.

The company said in a statement that it had hired Evercore Partners to advise on the sale, which also includes the Worcester Telegram & Gazette.

Feb 20, 2013

Apple supplier Foxconn freezes hiring at largest plant

TAIPEI/NEW YORK (Reuters) – Apple Inc’s manufacturing partner Foxconn Technology Group has frozen hiring at a Shenzhen plant that makes gadgets including the iPhone 5 and put the brakes on recruiting for other factories across China, but said the move was not linked to any single client.

Foxconn, which runs a network of factories across the world’s No. 2 economy that make products for tech companies from Hewlett Packard to Dell, sought to pour cold water on a Financial Times report that it had imposed a hiring freeze while it slows production of Apple’s latest smartphone.

Feb 20, 2013

Demand Media may split media, domain businesses

Feb 19 (Reuters) – Demand Media Inc said on Tuesday
it is exploring the separation of its media business from its
domain name service, a disclosure that sent its shares up nearly
20 percent in after hours trading.

The company said the potential move would be a tax-free
distribution to U.S. stockholders of new publicly traded stock
and could be completed in nine to 12 months.

Feb 14, 2013

Discovery Communications’ profit misses Wall Street view

By Jennifer Saba

(Reuters) – Discovery Communications Inc reported a bigger-than-expected drop in quarterly earnings, overshadowing a rise in advertising sales at its cable channels.

Discovery said on Thursday that fourth-quarter net income fell 33 percent to $224 million, or 61 cents per share. Analysts on average were expecting 76 cents per share, according to Thomson Reuters I/B/E/S.

Feb 13, 2013

Thomson Reuters revenue, margin outlook disappoints

NEW YORK (Reuters) – Thomson Reuters’ (TRI.TO: Quote, Profile, Research) (TRI.N: Quote, Profile, Research) revenue and margin forecast for 2013 failed to impress Wall Street and the shares fell 2.4 percent, overshadowing bullish remarks from Chief Executive James Smith that his turnaround plan was gaining traction.

The global news and information company posted a better-than-expected rise in quarterly profit on Wednesday and forecast that revenue would increase in the low single digits this year. The outlook was largely anticipated by analysts, who had forecast a 2 percent rise.

Feb 13, 2013

Thomson Reuters revenue outlook disappoints

NEW YORK (Reuters) – Thomson Reuters’ (TRI.TO: Quote, Profile, Research) (TRI.N: Quote, Profile, Research) revenue forecast for 2013 failed to impress Wall Street and the shares fell 3 percent, overshadowing bullish remarks from Chief Executive James Smith that his turnaround plan was gaining traction.

The global news and information company posted a better-than-expected rise in quarterly profit on Wednesday and forecast that revenue would increase in the low single digits this year. The outlook was largely anticipated by analysts, who had forecast a 2 percent rise.

Feb 13, 2013

Cost cuts boost Thomson Reuters profit as revenue outlook brightens

NEW YORK (Reuters) – Thomson Reuters (TRI.TO: Quote, Profile, Research, Stock Buzz) (TRI.N: Quote, Profile, Research, Stock Buzz) reported a 2 percent rise in quarterly operating profit on Wednesday, largely due to cost cutting, and forecast higher revenue in 2013 as its division that serves financial institutions begins to turn around.

The global news and information company said it expects revenue to increase in the low single digits this year. Analysts had been forecasting a 2 percent rise.

Feb 12, 2013
via MediaFile

Inkling takes aim at Amazon

Inkling, the three-year-old start-up that transforms bulky textbooks into an interactive experience for the iPad and other tablet devices, launched on Tuesday an ambitious new publishing and search platform aimed for non-fiction content such as books on wine and cooking or ones that covers topics like pregnancy.

Inkling is taking on the big cheeses of distribution by makingĀ  content produced on the Inkling platform easier to search through Google. So the titles or chapters or just a page of a relevant book will pop up when someone is seeking a specific topic.

Feb 8, 2013

AOL quarterly revenue rises on strong ad sales

Feb 8 (Reuters) – AOL Inc reported its best
quarterly revenue growth in eight years because of strong search
and advertising sales, and its shares rose more than 7 percent.

The company said on Friday that total revenue rose 4 percent
to nearly $600 million in the fourth quarter, beating analysts’
estimates of $573.7 million, according to Thomson Reuters
I/B/E/S.