Quebecor Inc had a $73.8-million profit in the fourth quarter, as the Montreal-based media company benefited from growth in its telecommunications segment and productivity improvements in its news media.
Wall Street investment bank Goldman Sachs has asked an appeals court to kill the sale of Canwest Global Communications’ television assets to cable operator Shaw Communications.
The Daily Press of Newport News, Va., is further streamlining its copy editing and production processes and is outsourcing some of those functions to its sister paper, the Chicago Tribune. Chicago will mostly handle the layout, copy editing and some story selection for most of the paper.
The key to most newspapers’ survival online is engaging more with readers, rather than seeking to charge them directly, Google argues. The case was put by its chief economist, Hal Varian, yesterday at a workshop of the Federal Trade Commission in Washington on “The Future of Journalism”.
Facing massive cutbacks and “unconscionable” slashes in compensation, Reuters reporters took to the streets at noon March 5 in downtown Washington, DC, determined to win their fight for a fair contract.
Spending on digital marketing will overtake that of print for the first time in 2010, according to a new forecast. Last September it was announced that the UK was the first major economy where advertisers spent more on internet advertising than on TV advertising, with a record £1.75bn online spent in the first six months of 2009.
he call came into The National Enquirer’s Los Angeles tip line — the kind advertised in the supermarket tabloid with the promise “We’ll Pay Big for Your Celebrity Gossip” — in late September 2007. The message was that a woman named Rielle Hunter had been hinting at an affair with John Edwards, then a candidate for president.
he earthquake that devastated Chile last week left several newspapers unable to publish because of damage to their offices or production facilities. But now even newspapers that escaped the worst damage face another problem — a shortage of newsprint.
TODAY is the deadline for offers to purchase the assets of Canwest Limited Partnership, the Canwest unit that owns digital media and newspapers across the country, in a separate court-supervised process. The Big Five Canadian banks, which are Canwest’s senior secured lenders, have put in an initial bid of about $925 million to get the auction going. But they hope to get a higher offer of more than $1 billion so they can get their loans repaid.
Leonard Asper has resigned as chief executive officer
of CanWest Global Communications Corp., but is not yet willing to let go of the company founded by his father.
The restructuring process, including finding a buyer(s), for Canwest newspapers gets more curious with every filing of new material to the court-appointed monitor’s website.
So far this week, a reading of …
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