The problem with the newspaper business is simple: A subscription price barely pays for the paper your papers are printed on, and free media are siphoning off the ad revenues newspapers rely on. Warren Buffet thought he could buck the trend, but not even the Oracle of Omaha can fight math.
America's flagship newspaper reaches across the pond for a chief executive who can engineer its turnaround. Will the former head of the BBC be able to make the Timesturn a profit?
The classic graduation gifts are perfect for someone headed for an artist's colony or off on a vacation. But with half of recent college grads unemployed, the best gifts are ones that will help put them on the fast track to a job. Here are five smart options.
News Corp. has launched The Daily, a newspaper specifically designed for the Apple iPad and other tablet computers. The e-paper's premier edition has attracted kudos for visuals, but mixed reviews on content. The burning question: Will it attract paying readers?
News Corp. more than doubled its earnings for the fiscal second quarter, the company announced Wednesday. Part of the gain comes from a settlement charge a year earlier, which dampened year-ago earnings on a one-time basis. The company also is considering selling MySpace.
Warren Buffett says he will step down as a longtime boardmember of The Washington Post when his term ends in May. But he has no plans to sell Berkshire Hathaway's shares of the company.
Google is considering a plan to expand its Android newsstand -- and heat rivalry with Apple's iTunes -- by charging publishers a lower price to sell news to Android users than the 30% fee that Apple typically charges to sell apps on iTunes. Will that be enough to attract more news?
Amazon.com says it will pay more for newspapers and magazines on its Kindle e-book reader. It will now pay publishers 70% of retail price, up from paying about one-third of the retail fee for The Wall Street Journal last December. Will more content help Kindle compete with the iPad?
American Media, publisher of National Enquirer, plans to file for bankruptcy protection in the next two weeks, as it seeks to convert its substantial debt to equity shares in the company.
Gannett's third-quarter profit beat the Street, but disappointing revenue plunged shares 8.8%. The company's revenue remained flat, missing analyst forecasts, as its newspaper operations declined 5%.
Philadelphia Media Network thought it had a deal after winning the papers in April, but the Teamsters have balked at the last minute. That means the Philly Inquirer and Daily News will be auctioned again, and Philadelphia Media plans to try again.
The nation's second-largest newspaper is planning to lay off 130 business and newsroom employees as part of an overhaul to de-emphasize the print edition and works to reach more readers and advertisers on mobile devices.
