NEW YORK (Reuters) – The Philadelphia Inquirer on Monday won the Pulitzer Prize in the coveted public service category, while another Pennsylvania newspaper, The Patriot-News, took home the award for local reporting for its coverage of the Penn State child sex abuse scandal.
The Philadelphia Inquirer won for what for the board described as “its exploration of pervasive violence in the city’s schools,” beating out nominees The New York Times and the Miami Herald.
For a handful of years now, several newspaper companies have attempted to re-brand themselves into something — anything! — that doesn’t associate them with newspapers. Gannett is one of the latest examples trying to put some distance between itself and the industry despite the fact that it is still the largest newspaper chain by circulation in the U.S., it still derives the heft of its revenue from ink on paper, and it still is a bellwether for other companies that count big iron as an asset.
The USA Today publisher trips all over itself with its description. Here is part of the boiler plate the publisher and broadcaster uses:
April 16 (Reuters) – Gannett Co (GCI.N: Quote, Profile, Research) reported a decline
in total revenue in the first quarter as advertisers fled the
pages of newspapers and instead shifted spending to digital
The largest newspaper chain in the United States by
circulation said on Monday that total revenue fell 2.6 percent
to $1.22 billion, roughly in line with analysts’ average
expectations of $1.24 billion, according to Thomson Reuters
Gannett’s shares were down 8.1 percent to $13.82 in late
(Reuters) – Not everyone is happy with the campaign being waged against AOL Inc by activist hedge fund Starboard Value — namely some of the other top shareholders of the fallen Internet icon.
According to three sources with direct knowledge of the situation, some of AOL’s top shareholders intend to take their concerns to Starboard, which is mounting a proxy fight for seats on AOL’s board. One of Starboard’s candidates for the board is its founder and chief executive, Jeffrey Smith.
April 13 (Reuters) – Not everyone is happy with the campaign
being waged against AOL Inc (AOL.N: Quote, Profile, Research) by activist hedge fund
Starboard Value — namely some of the other top shareholders of
the fallen Internet icon.
According to three sources with direct knowledge of the
situation, some of AOL’s top shareholders intend to take their
concerns to Starboard, which is mounting a proxy fight for seats
on AOL’s board. One of Starboard’s candidates for the board is
its founder and chief executive, Jeffrey Smith.
(Reuters) – AOL Inc’s months-long auction to sell the majority of its patent trove attracted interest from e-commerce giants Amazon and eBay, which have been largely absent from the recent patent wars.
AOL said it was selling more than 800 patents related to advertising, search, e-commerce and mobile to Microsoft Corp for just over $1 billion, surprising investors with the size of the deal and sending AOL shares up more than 40 percent.
NEW YORK, Feb 9 (Reuters) – Thomson Reuters Corp
reported a fourth-quarter loss on Thursday
after taking a $3 billion non-cash goodwill impairment charge to
account for the decline in its financial services business.
The company gave no details about the charge, which helped
push its fourth-quarter results into a loss attributable to
common shareholders of $2.57 billion, compared with a profit of
$224 million in the year-ago quarter. This was its first
earnings report since James Smith took over as chief executive
NEW YORK (Reuters) – Janet Robinson will step down as chief executive of the New York Times Co at the end of the month after a seven-year run in which she attempted to steer the company through one of the harshest business environments it has ever faced.
The New York Times, which in addition to its flagship paper publishes The Boston Globe and the International Herald Tribune, among others, will begin a search for internal and external candidates to replace Robinson, 61. Until then, publisher Arthur Sulzberger Jr. will oversee the company.
NEW YORK , Nov 28 (Reuters) – AOL Inc <AOL.N Chief
Executive Tim Armstrong remains committed to keeping the
company independent and is not looking at Yahoo’s assets even
as AOL’s larger rivals seek to consolidate.
Armstrong said during Reuters’ Global Media Summit on
Monday that AOL has not signed a nondisclosure agreement with
Yahoo (YHOO.O: Quote, Profile, Research), its much larger competitor that is currently
seeking a possible sale of its assets.
NEW YORK (Reuters) – Thomson Reuters Corp Chief Executive Tom Glocer is stepping down at the end of the year following a slump in the share price in recent months. He will be replaced by Chief Operating Officer James Smith, a veteran Thomson executive who has run the company’s most successful operations.
The news and information company has undergone a series of structural changes and management shake-ups over the past six months to address the lackluster performance of its Markets business, which mainly serves financial institutions.