Jennifer's Feed
Jul 31, 2012

Thomson Reuters 2nd-qtr profit rises, reaffirms 2012 outlook

July 31 (Reuters) – Thomson Reuters Corp
said its 2012 revenue growth was on track after reporting strong
software sales to tax and accounting firms, even as revenue from
financial institutions was weak but making progress.

The global news and information provider said on Tuesday
that revenue from ongoing businesses rose 3 percent before
currency changes to $3.2 billion in the second quarter, which
was in line with analysts’ expectations.

Jul 27, 2012

Exclusive – Huff Po exec Lauren Kapp to exit after just 3 months

By Jennifer Saba and Peter Lauria

(Reuters) – Lauren Kapp, one of Arianna Huffington’s key advisors at the Huffington Post Media Group, is leaving the company, effective August 1.

She is leaving for personal reasons, an AOL spokeswoman confirmed.

Kapp was hired by AOL’s influential news site in April as senior vice president global strategy, marketing and communications.

Jul 27, 2012

Exclusive: Huff Post executive Lauren Kapp to exit after just three months

By Jennifer Saba and Peter Lauria

(Reuters) – Lauren Kapp, one of Arianna Huffington’s key advisors at the Huffington Post Media Group, is leaving the company, effective August 1.

She is leaving for personal reasons, an AOL spokeswoman confirmed.

Kapp was hired by AOL’s influential news site in April as senior vice president global strategy, marketing and communications.

Jul 26, 2012

New York Times revenue beats estimates, despite writedown

By Jennifer Saba

(Reuters) – Higher paper and digital subscriptions lifted quarterly revenue at the New York Times Co (NYT.N: Quote, Profile, Research, Stock Buzz), even after the company wrote down the value of its Internet property, About.com.

The publisher of the New York Times and the Boston Globe said on Thursday second-quarter revenue grew almost 1 percent to $515.2 million as circulation revenue climbed 8 percent. That exceeded analysts’ average expectation of revenue of $510.9 million, according to Thomson Reuters I/B/E/S.

Jul 26, 2012

New York Times revenue beats despite About troubles

July 26 (Reuters) – New York Times Co reported
better than expected growth in revenue on Thursday as more
readers paid for its news, showing its plan to charge for its
digital products helped offset declining ad sales.

The company, which publishes its namesake newspaper and the
Boston Globe, said second-quarter revenue rose almost 1 percent
to $515.2 million as circulation revenue climbed 8 percent. That
beat analysts’ average estimate of revenue of $510.9 million,
according to Thomson Reuters I/B/E/S.

Jul 25, 2012
via MediaFile

Bluefin Labs names former Razorfish, Publicis exec as CEO

Photo

Bluefin Labs– a company that tracks a brand’s perception on social media sites while a commercial airs on TV– has named a new CEO.  JP Maheu has signed on with the fledgling company as CEO while its co-founder Deb Roy will take up the role of chairman.

Maheu was most recently the global CEO of Publicis Modem, the digital marketing arm of Publicis Worldwide, and has also served stints as CEO of Razorfish and chief digital officer at Ogilvy & Mather.

Jul 25, 2012

AOL swings to quarterly profit on patent sale

July 25 (Reuters) – The sale of its patents to Microsoft
helped AOL Inc swing to a profit in the second quarter
from a loss a year ago.

The company reported second quarter net income on Wednesday
of $970.8 million, or $10.17 per share, following a net loss a
year earlier of $11.8 million, or 11 cents per share.

Jul 23, 2012

Dow Jones to sell newswires through WSJ.com – CEO

By Jennifer Saba

(Reuters) – When Lex Fenwick started his job as CEO of Dow Jones & Co more than five months ago, he found it strange that one of Wall Street’s most historic and well-known brands did not have a direct pipeline into Wall Street itself.

The 130-year-old publisher of Dow Jones Newswires relies on third parties, including rivals Bloomberg LP and Thomson Reuters Corp, to deliver its content to banks, brokers and funds; it does not have its own distribution channel.

Jul 16, 2012

Gannett beats on profit, but ad sales still weak

July 16 (Reuters) – Gannett Co, publisher of USA
today, reported better-than-expected quarterly earnings on
Monday, sending its shares up 5 percent in early trading.

Gannett, the largest newspaper chain in the United States
and an industry bellwether, said excluding special items, it
earned 56 cents per share, beating analysts’ average forecast of
52 cents, according to Thomson Reuters I/B/E/S.

Jul 10, 2012

SpongeBob blackout looms for DirecTV subscribers

By Jennifer Saba

(Reuters) – DirecTV customers may not see SpongeBob, Snooki or Jon Stewart after midnight on Tuesday because of a heated impasse taking place between the largest U.S. satellite TV provider and Viacom Inc, the company behind the popular cartoon, reality series and political talk show.

In a blog post on Viacom’s website Tuesday, spokesman Mark Jafar wrote that despite Viacom’s “best efforts” DirecTV rejected proposals to renew their contract. Nearly 20 million DirecTV customers will not have access to 26 Viacom channels including MTV and Nickelodeon if a new deal isn’t stuck by midnight Tuesday.