Jennifer's Feed
Oct 10, 2012

SiriusXM raises full-year subscriber forecast

By Jennifer Saba and Peter Lauria

(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.

Oct 7, 2012

Insight: The Lex Factor roils Dow Jones

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.

Oct 7, 2012

The Lex Factor roils Dow Jones

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, 2012

Google settles with publishers over digital books

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.

Oct 4, 2012

In mobile-computing boom, a battle rages for marketing

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
those words.

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.

Oct 4, 2012

Facebook reaches 1 billion monthly active users

Oct 4 (Reuters) – Social media company Facebook Inc
reported on Thursday it reached the 1 billion user mark last
month, while Chief Executive Mark Zuckerberg said it would keep
pursuing growth through mobile devices.

The No. 1 social network has faced a rough road since its
May initial public offering. Investors and analysts have fretted
over a sharp slowdown in revenue growth and questioned how
Facebook will make money from users as people access its site on
mobile devices.

Sep 30, 2012

Former NY Times publisher Arthur Sulzberger dies at 86

NEW YORK (Reuters) – Former New York Times publisher Arthur Ochs Sulzberger, who led the company for 34 years in a period of growth that made it a multibillion-dollar media enterprise, died on Saturday at the age of 86, the newspaper said.

Sulzberger, whose family bought the Times in 1896, died at his home in Southampton, New York, after a lengthy illness, his family said.

Sep 29, 2012

Former NY Times executive Arthur Sulzberger dies at 86

NEW YORK (Reuters) – Former New York Times publisher Arthur Ochs Sulzberger, who led the company for 34 years in a period of growth that made it a multibillion-dollar media enterprise, died on Saturday at the age of 86, the newspaper said.

Sulzberger, whose family bought the Times in 1896, died at his home in Southampton, New York, after a lengthy illness, his family said.

Sep 29, 2012

China takes islands dispute with Japan to pages of U.S. newspapers

By Jennifer Saba

(Reuters) – With world leaders gathered in New York for the United Nations General Assembly, China has taken its dispute with Japan over the ownership of a chain of islands to the ad pages of major American newspapers.

China Daily, an organ of the Communist Party and the country’s official English-language daily newspaper, took out full-page-spread advertisements on Friday in the New York Times and the Washington Post.

Sep 17, 2012

Netflix drops after “underperform” rating by Macquarie

Sept 17 (Reuters) – Netflix Inc (NFLX.O: Quote, Profile, Research) shares fell 5.3
percent on Monday after Macquarie started covering the online
streaming video company with an “underperform” rating.

Macquarie research analyst Tim Nollen put a $50 price target
on the stock because media companies hold the upper hand. “In
keeping with our positive thesis on media names like Time Warner
and CBS, we believe content owners rule the roost; Netflix is a
price taker in an increasingly competitive market,” he wrote in
the note.