(Reuters) – Time Inc on Wednesday began the process of cutting about 500 jobs, about 6 percent of its total staff as the largest U.S. magazine publisher grapples with challenges beleaguering the print industry.
The layoffs mark the first major move made by Time Inc CEO Laura Lang, who joined the company in January 2012.
NEW YORK (Reuters) – Sirius XM Radio Inc’s grip on drivers is under an increasing threat as the availability of Internet connections in more cars is helping Pandora Media Inc counter some of its rival’s big selling points.
In a sign of how important drivers are to the two companies, each of their top executives made the trek to Las Vegas this week to court automakers at the annual Consumer Electronics Show.
NEW YORK, Jan 10 (Reuters) – Sirius XM Radio Inc’s
grip on U.S. drivers is under an increasing threat as the
availability of Internet connections in more cars is helping
Pandora Media Inc counter some of its rival’s big selling
In a sign of how important drivers are to the two companies,
each of their top executives made the trek to Las Vegas this
week to court automakers at the annual Consumer Electronics
SAN FRANCISCO/NEW YORK (Reuters) – The Associated Press began using its official Twitter account as an advertising platform on Monday, as the news organization seeks new forms of revenue.
Samsung Electronics Co Ltd was the first sponsor on the @ap account for breaking news, which is followed by 1.5 million Twitter users. The South Korean electronics maker’s initial “SPONSORED TWEET” promoted its events at the 2013 Consumer Electronics Show in Las Vegas this week.
Jan 4 (Reuters) – Hulu Chief Executive Jason Kilar will
leave the streaming TV company this quarter, he wrote in a blog
post on the company’s website on Friday, raising more questions
about its future path under multiple owners.
Kilar has long been rumored to be exiting the company as it
faces stiff competition from Netflix Inc, Amazon.com
Inc as well as Google Inc and Apple Inc
NEW YORK, Jan 2 (Reuters) – A federal judge on Wednesday
rejected The New York Times’ bid to force the U.S. government to
disclose more information about its targeted killing of people
it believes have ties to terrorism, including American citizens.
U.S. District Judge Colleen McMahon in Manhattan said the
Obama administration did not violate the law by refusing the
Times’ request for the legal justifications for targeted
killings, a strategy the Times said was first contemplated by
the Bush administration soon after the attacks of Sept. 11,
(Reuters) – Tribune Co, which started by publishing the Chicago Tribune on a hand press in 1847, sees a future in broadcasting, one not likely to include the major newspapers that made it a force in the news business.
Now that it has formally emerged from a four-year bankruptcy, Tribune is expected to concentrate on its WGN America cable network and a 23-station TV group it tried to fashion into its own broadcast network in the mid-1990s.
(Reuters) – Nielsen Holdings NV, the largest provider of television viewership ratings, will now dominate radio listening ratings as well.
Nielsen on Tuesday struck a deal to acquire its radio counterpart, Arbitron Inc, for $1.26 billion. The deal creates a powerhouse that places the measurement of audience for TV and radio under the control of one company.
NEW YORK/LOS ANGELES (Reuters) – San Diego Union-Tribune owner Doug Manchester and Orange County Register owner Aaron Kushner are interested in acquiring Tribune’s stable of newspapers, according to people familiar with the situation.
The Tribune Co, owner of the Los Angeles Times and the Chicago Tribune, will be seeking buyers for its newspapers once it emerges from bankruptcy, expected by December 31, these sources said.
Dec 6 (Reuters) – Digital music service Spotify rolled out
new features and said it increased the number of active users at
a press event that featured a special musical performance by
Spotify now has 20 million active users worldwide, up 33
percent in less than six months. The company counts five million
people among paying subscribers, a 25 percent increase during
the same time period.