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Fewer Americans are reading newspapers and are instead getting their news online, but television remains the leading source of news in the country, according to a survey released Sunday.
The magazine industry, already facing a decline in newsstand sales and falling ad revenue, is being besieged by a new foe: digital piracy.
Cox Enterprises Inc. plans to sell its Austin, Texas, newspaper and several other smaller papers, reducing the company's portfolio of advertising-supported media properties.
Thomson Reuters said second-quarter earnings fell 54 percent as costs to buy and integrate Reuters cut into profit.
Advance Publications Inc. will sell The Star-Ledger of Newark unless 26 percent of staff accept buyouts by October, the company told employees in a letter Thursday.
A.H. Belo Corp., the publisher of The Dallas Morning News and three other newspapers, reported a second-quarter loss on Monday and said it was cutting 500 jobs, or 14 percent of its work force. Its shares fell more than 7 percent.
Tribune Co. is inviting at least three potential buyers who each submitted bids for the Chicago Cubs and Wrigley Field near or above $1 billion to participate in a second round of proposals, according to a person involved in the process.
Newspaper publisher McClatchy Co.'s second-quarter earnings tumbled 44 percent as ad revenue continued to shrink in its key markets.
The New York Times Co. will increase the Monday-Saturday newsstand cost of its flagship paper by 25 cents to $1.50, the publisher said Wednesday.
The many and deepening cuts at newspapers across the country are starting to take a toll on their content, according to a study being released Monday.
A Chicago-area commercial real estate group has made an offer to buy Wrigley field, the iconic and historic home of the Chicago Cubs, according to a report Thursday.
The Wall Street Journal is eliminating 50 editorial positions as part of a realignment that combines editorial oversight for its print and online editions, Managing Editor Robert Thomson said Wednesday.
The Associated Press has realigned its business news department around industry beats to make its spot news coverage even more authoritative and bolster enterprise writing, the news cooperative said Wednesday.
The New York Post, Wall Street Journal and Daily News are in talks to combine some business operations including delivery services, a spokesman for the participants said Tuesday.
News Corp. Chairman Rupert Murdoch said his media conglomerate is "very unlikely" to be a part of any deal for Yahoo Inc., scuttling talk that Microsoft Corp. was making headway in enlisting the media mogul as part of a deal to break up the Internet search company.
General Electric has no plans to sell its NBC Universal media unit even as the conglomerate moves forward with spinning off slower-growing businesses, NBC Chief Executive Jeffrey Zucker said Thursday.
Google Inc. backs Yahoo in its effort to stave off an unsolicited takeover by Microsoft Corp. because an independent Yahoo will increase competition in the Internet search and advertising markets, Google Chief Executive Eric Schmidt said here Thursday.
Rupert Murdoch expects the capital markets to lurch through the next 12 months as Wall Street banks sift through mountains of bad debt related to the mortgage crisis, the News Corp. chairman said Wednesday.
When media and technology tycoons convene Tuesday in idyllic southern Idaho for five days of dealmaking and outdoor recreation, the mountain air will carry more than a whiff of uncertainty as most arrive with their businesses in various states of disarray.
Richard Fuld has guided Lehman Brothers Inc. through economic downturns, a currency crisis, and terrorist attacks. Now, the longest-tenured chief executive on Wall Street is up against his toughest challenge — and it could cost him his job.
The owner of the New York Daily News offered $580 million to acquire Newsday from Tribune Co., matching a bid earlier in the week by Rupert Murdoch's News Corp, The Associated Press was told.
The owner of the New York Daily News has offered $580 million to acquire Newsday from Tribune Co.
In the days after the Britney Spears soap opera rode a police-escorted gurney to its apex, celeb-mag sales spiked, traffic jammed gossip Web sites, tabloid TV ratings rose and paparazzi photo prices surged.
Ambac Financial Group Inc. booked a massive loss Tuesday as mortgage-related troubles spread, but the bond insurer assured investors it remains a viable company even as its business slows.
Bill O'Reilly should support the USO if he wants to help U.S. troops fighting abroad, the charity organization said in a curt letter to the Fox News Channel commentator.
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