Sony Corp (6758.T) is proceeding with a plan to sell its half of Sony/ATV Music Publishing, the world’s largest music publisher, the Wall Street Journal reported. Sony, which owns the unit with Michael Jackson’s estate, recently triggered a clause in its contr... More »
Gannett Co Inc, publisher of USA Today, said on Wednesday it will buy Journal Media Group for $280 million. The price of $12 a share represents an almost 45 percent premium to Journal Media’s closing share price of $8.29 Tysons Corner, Virginia-based Gannett s... More »
The New York Times Co said it aimed to double its annual digital revenue to $800 million by 2020 with a concentrated effort to win over more readers on smartphones. The company has crossed 1 million digital subscribers and it needed to create the same “must-re... More »
WASHINGTON Former Federal Reserve Chairman Ben Bernanke said in a newspaper interview published on Sunday that more corporate executives should have been prosecuted for their actions leading up to the 2008 financial crisis. Bernanke told USA Today that the U.S... More »
NEW YORK Presidential candidate Hillary Clinton dropped in at the late night comedy show “Saturday Night Live” on Saturday, appearing in a sketch as a bartender alongside comedian Kate McKinnon, who played the former United States senator and secretary of stat... More »
News Corp said it sold its digital education brand, Amplify, to a management team supported by a group of private investors following slowing growth in the digital curriculum market. The company did not disclose financial terms of the deal. News Corp said in A... More »
FRANKFURT German publisher Axel Springer is to buy a further 88 percent of news website Business Insider for $343 million, increasing its stake to 97 percent and accelerating its push into digital, English-language content. Springer said it already owns about ... More »
BEIJING/WASHINGTON On Friday morning, Chinese President Xi Jinping enjoyed the symbolic high point of his first state visit to the United States – a 21-gun salute as he stood with President Barack Obama outside the White House. For most Americans, it was a sid... More »
HANOI Vietnam will trim its state-run media and publishing sector, with the loss of about 10,000 jobs and some widely circulated newspapers, as the ruling Communist Party tightens its control over the booming industry, a report said on Saturday. The number of ... More »
NEWTOWN, Conn. The Sandy Hook Elementary School teacher who saved 15 first-grade students during one of America’s worst mass shootings has written a book about the experience, hoping it will inspire readers to stay positive through life’s worst challenges. In ... More »
NEW YORK The daily fare of a big city tabloid such as the New York Daily News includes provocative gossip, arresting headlines, snappy features and at its heart and soul, sports. That’s why sweeping layoffs in its sports department on Wednesday caught many off... More »
FRANKFURT German publisher Axel Springer (SPRGn.DE) may want to increase its current 7 percent stake in U.S. news website Business Insider, German Manager Magazin reported on Thursday. Citing unnamed financial sources, the magazine said the publisher of Europe... More »
News Corp said it would buy Unruly Holdings Ltd, a UK-based video advertisement technology company, giving it the technology that analyzes historical sharing behavior to predict the potential for video ads to go viral. Rupert Murdoch-controlled News Corp will ... More »
MOSCOW/FRANKFURT German publisher Axel Springer is withdrawing from its Russian business, Russian news agency RBC reported at the weekend, citing two media sources and a government source. A deal to sell an 80 percent stake to Russian publisher Alexander Fedot... More »
LONDON/WASHINGTON When the once toxic Rebekah Brooks returns to run Rupert Murdoch’s British newspapers on Monday she will face the toughest challenge of her career — rebuilding her reputation and the company in the harsh glare of the public spotlight. Brooks,... More »
LONDON Rebekah Brooks, the Rupert Murdoch protegee cleared last year of orchestrating a criminal campaign that damaged the British establishment, will return to her old job running the tycoon’s British newspapers next week in a stunning comeback. Brooks, who w... More »
WASHINGTON Japan’s Nikkei media group won U.S. antitrust approval for its $1.3 billion purchase of the Financial Times from Britain’s Pearson PLC, the Federal Trade Commission said on Wednesday. The transaction was on the list of deals that the FTC and Justice... More »
Prolific horror filmmaker Wes Craven, who directed the slasher classic “A Nightmare on Elm Street,” died on Sunday afternoon, his family said in a statement. He was 76. Craven, who was also behind the 1990s horror hit “Scream,” died surrounded by his loved one... More »
LONDON Rebekah Brooks will return to her old job heading Rupert Murdoch’s British newspaper division, the Financial Times reported, just over a year after being cleared of criminal charges in a phone-hacking scandal. Her return to News Corp could be as soon as... More »
Comcast Corp’s NBCUniversal said on Tuesday it had invested $200 million in online publisher BuzzFeed, the latest move by the media conglomerate to tap into a younger audience. NBCUniversal invested $200 million last week in Vox Media, owner of tech-focused we... More »
News Corp (NWSA.O) reported a better-than-expected quarterly profit on Wednesday, helped by cost cuts in its news and information services business that includes Dow Jones and the Wall Street Journal. Shares of the company, controlled by Rupert Murdoch, rose a... More »
New York Times Co reported lower-than-expected quarterly revenue as its print advertising sales fell for the fourth straight quarter. Shares of the company, which also forecast a decline in its current-quarter ad revenue, fell as much as 6 percent on Thursday.... More »
LOS ANGELES Comcast Corp’s (CMCSA.O) NBCUniversal film and television unit is close to making an investment in online publisher BuzzFeed and is in talks to raise its stake in Vox Media, a person with knowledge of both sets of discussions said on Thursday. The ... More »
BERLIN A Greek exit from the euro zone would cause “utter chaos” but would have to be accepted if Athens was not willing to implement reforms, Chancellor Angela Merkel’s Bavarian ally Horst Seehofer told German newspaper Die Welt on Wednesday. “No one can pred... More »
LONDON British publisher Pearson (PSON.L) is exploring the sale of its Financial Times newspaper after receiving interest from potential buyers, Bloomberg reported on Monday, citing people familiar with the matter. Pearson was sounding out possible bidders for... More »
LONDON Buckingham Palace scolded Rupert Murdoch’s top-selling Sun tabloid on Saturday for publishing a previously unknown film from 1933 that appears to show Britain’s Queen Elizabeth performing a Nazi salute as a young girl. The black-and-white film from the ... More »
LONDON Britain’s newly elected Conservative government signalled on Thursday it would cut back the BBC, the opening salvo in a battle over the future of the world’s biggest public service broadcaster. Any attempt to change the 92-year-old broadcaster provokes ... More »
LONDON Britain’s government will ask the BBC’s competitors to scrutinize the broadcaster’s remit and scale, the government said on Sunday, after years of controversy over how it has been funded. The BBC [TBBC.UL], the world’s largest broadcaster, has long been... More »
NEW YORK “Go Set a Watchman,” the much-anticipated second novel by “To Kill a Mockingbird” author Harper Lee, is the most pre-ordered print title on Amazon.com since the last book in the “Harry Potter” series, Amazon said on Thursday. The online retailer said ... More »
ATHENS With banks shut and the economy seizing up, some Greek newspapers like the Empros daily on the island of Lesvos are running out of paper and could be forced to stop sales altogether until the banks open again. The island’s biggest selling newssheet, Emp... More »
MUNICH/FRANKFURT German broadcaster ProSiebenSat.1 and German publishing house Axel Springer have reignited talks for a merger, seeking to consolidate their push into digital media, two sources familiar with the matter said on Monday. Axel Springer, the publis... More »
LONDON Harry Potter, the world’s most famous boy wizard, is set to make his debut on the London stage next year in a new play called the Cursed Child which has been created in collaboration with author J.K. Rowling. Rowling said on her Twitter feed that the ne... More »
