May 8 (Reuters) – Discovery Communications
reported a lower-than-expected quarterly profit on Tuesday, hurt
by losses at the Oprah Winfrey Network (OWN), sending its shares
down 5.5 percent in morning trading.
OWN, the joint venture with the “queen of talk” that is
struggling with lackluster ratings, was part of the reason
Discovery reported an $84 million loss for the first quarter.
(Reuters) – Walt Disney Co’s ABC News and Univision are teaming up to launch an English-language news and lifestyle network targeting Hispanics, the fastest-growing group in the United States, the companies said on Monday.
The unnamed channel will begin broadcasting in 2013, and ABC and Univision will share news gathering and production costs, the companies said. Each company will own about 50 percent, a person with knowledge of the venture said. Other financial terms were not disclosed.
(Reuters) – LinkedIn Corp reported better-than-expected revenue and profit after it racked up strong growth from services that help companies find and hire employees and it raised its 2012 outlook.
The professional networking site also announced on Thursday that it acquired content sharing company SlideShare for $118.75 million in a mix of cash and stock.
May 2 (Reuters) – Barry Diller’s Internet holding company
IAC/InterActive Corp reported better-than-expected
first-quarter revenue and profit bolstered by its search and
Total revenue in the quarter jumped 39 percent to $640.6
million, beating analysts’ average forecast of $593 million,
according to Thomson Reuters I/B/E/S.
(Reuters) – Thomson Reuters Corp (TRI.TO: Quote, Profile, Research, Stock Buzz) (TRI.N: Quote, Profile, Research, Stock Buzz) reported a higher-than-expected profit for the first quarter on strong sales in its tax and accounting division, and the company affirmed its outlook for the year.
The global news and information provider said on Tuesday that first-quarter revenue from ongoing businesses grew 4 percent before currency changes to $3.19 billion, above the analysts’ average forecast of $3.13 billion, according to Thomson Reuters I/B/E/S.
Reaching people through mobile devices is one of LinkedIn’s key initiatives and yet, the networking site for job-seeking professionals never had a proper app for tablets.
The number of LinkedIn members — all 150 million of them — who use mobile phones to access the site is growing at a fast clip. In Q1, LinkedIn said that 22 percent of its traffic came from mobile devices, up from 15 percent in Q4 2011.
NEW YORK, April 23 (Reuters) – Thomson Reuters Corp
said on Monday it is selling its Healthcare business to
private equity firm Veritas Capital for $1.25 billion in cash.
The sale is part of the professional news and information
provider’s plan to shed non-core businesses to concentrate on
faster growth areas like financial risk and compliance.
(Reuters) – New York Times Co (NYT.N: Quote, Profile, Research, Stock Buzz) reported a better-than-expected profit on Thursday as investors brushed past the company’s drop in print and digital advertising revenue and focused more on the company’s ability to manage costs.
Its shares rose 4.7 percent to $6.42 in morning trading.
Evercore Partners analysts Doug Arthur said that with $431 million of cash, the New York Times should initiate a dividend.
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: