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Why the Press Fell for the Cult of Karl

Forget liberal bias, the press likes their politicians Machiavellian

(Newser) - What people don't understand about the press, Jay Rosen writes, is that reporters care less about ideology than they do about being savvy—"shrewd, practical, well-informed, perceptive, ironic, unseminental." That's what they aspire to, that's what they worship; it's their religion, if you will. Karl Rove is all...

Journal Ad Revenue Plunges
Journal Ad Revenue Plunges
Aug 13, 2007 11:26 PM CDT

Journal Ad Revenue Plunges

7.2% downturn emphasizes need for bigger push to internet

(Newser) - Ad volume in the print edition of the Wall Street Journal dropped nearly 21% and revenue fell 7.2% compared with last July, Reuters reports. The dip underscores the immediate need for Dow Jones to generate more revenue from online properties, analysts said. Ad revenue from Dow Jones' online news...

Murdoch Sets Crosshairs on Times
Murdoch Sets Crosshairs
on Times
Aug 13, 2007 5:48 PM CDT

Murdoch Sets Crosshairs on Times

Billionaire Journal owner hopes to poach business from Gray Lady

(Newser) - With the ink still drying on his takeover of The Wall Street Journal, Rupert Murdoch is already setting his sights on the New York Times—the current newspaper of choice for the Northeastern elite. The Australian tycoon is planning to challenge the Times by expanding the Journal's "coverage of...

Alert the Aliens: Weekly World News Dead at 28

Not even Elvis can save iconic tabloid from lagging print industry

(Newser) - For 28 years, it was the “world’s most reliable newspaper,” replete with stories of Elvis sightings, alien babies, and dwarf-eating dieters. But the Weekly World News is no more. The black-and-white publication, known for its loose headlines and even looser facts, will publish its final print edition...

Times Will Eliminate Pay Access to TimesSelect

Op-ed columnists to burst out from behind firewall

(Newser) - The New York Times will shut down TimesSelect, the pay section of its website that keeps columnists such as Maureen Dowd and Frank Rich beyond the reach of the great unwashed. The fate of the $7.95-a-month subscription service sparked hot debate among publisher Arthur Sulzberger Jr. and other Times ...

Murdoch May Take Journal Online Only

News Corp. could run a paper without paper, subscriptions

(Newser) - Rupert Murdoch’s grab for the Wall Street Journal could mark the demise of hard-copy newspapers and their online subscriptions, Bernhard Warner predicts in Murdoch’s own Times Online. Warner says turning the Journal’s subscription-based website into a free, ad-supported business will be among Murdoch’s top priorities as...

Tribune Co. Risks Default on Debt Payments

Advertising slumps and shrinking revenue for media company

(Newser) - The Tribune Co. is at risk for missing interest payments on part of the $13-billion debt that will result from the sale to real estate baron Sam Zell, Bloomberg reports. The prediction is based on trading in the company's credit-default swaps; at $77,000 per $10 million in debt, they...

Rivals Team Up on 11th-Hour Dow Offer

Greenspan, Burkle hatch partial buyout option for W SJ owner

(Newser) - Supermarket billionaire Ron Burkle and former MySpace CEO Brad Greenspan may join forces to make at least a partial bid for the Wall Street Journal's parent company, say sources close to the discussions. The pair met yesterday with members of the Dow Jones board to craft an alternative to Rupert...

Page Six Fallout May Hurt Murdoch
Page Six Fallout May Hurt Murdoch
May 21, 2007 12:45 PM CDT

Page Six Fallout May Hurt Murdoch

The Wall Street Journal doesn't have a gossip column, and that's no accident

(Newser) - Shenanigans at the New York Post may mean trouble for Rupert Murdoch's Dow Jones bid, David Carr writes in today's Times. The tales of sex, lies, and bribery spicing up Page Six are normal fare for the gossip standby, but the fact that they're about the Post itself may not...

Rupert Woos Bancrofts
Rupert Woos Bancrofts
May 14, 2007 5:13 PM CDT

Rupert Woos Bancrofts

Letter promises seat on News Corp. board, editorial independence for Journal

(Newser) - Rupert Murdoch doesn't want to shake things up at Dow Jones—or so he implied in a weekend missive wooing the Bancroft family. In the folksy, flattering letter, Murdoch called himself "first and foremost" a "newspaper man," and promised to appoint an independent editorial board for the...

Salon: Public Ownership Fails Newspapers

(Newser) - The looming Murdochization of the Wall Street Journal highlights what people should have realized long ago, writes Gary Weiss: just how disastrous public ownership is to the newspaper business. Every time that investors' bottom lines are matched against journalistic integrity, journalism gets tramped. "The only solution," he says,...

News Outlets Bid Up Search Word Prices

"Virgina Tech Shooting" peaked at $5 before dropping to six cents

(Newser) - Online news outlets, usually the ones selling sponsored links to advertisers, are also buying them, to compete for traffic, especially during major news events like the Virginia Tech massacre. From CNN to Fox to the New York Times, news organizations are bidding on Internet keywords at auction from search engines,...

The CEO of The Post Defends The Times in The Journal

Families that Stick Together Stay Together

(Newser) - Donald Graham is the CEO of the Washington Post Company. He is the scion of the Graham family, which controls the Post through a dual stock structure. He explains that a dual stock structure allows a founding family or a subsequent private purchaser to use a class of public stock...

Geffen, Zell Talk Deal For LA Times

Geffen wants it; Zell has $13 billion in debt to pay down

(Newser) - David Geffen wants to get his hands on the LA Times, and he's optimistic that he may yet succeed after talking to Sam Zell, the feisty real estate mogul who bought the Tribune Company Monday. The two discussed both a spin-off and a joint venture partnership, sources close to the...

Tribune Saddled With Daunting Debt
Tribune Saddled With Daunting Debt
Apr 4, 2007 8:53 AM CDT

Tribune Saddled With Daunting Debt

New owner must repay $12 billion with declining revenues

(Newser) - Sam Zell 's bid for the Tribune Co. beat back his well-heeled rivals, but it saddled an already struggling enterprise with over $12 billion in debt. Now the Wall Street Journal wonders how he expects to pay it back. The likely annual interest fees alone will reach $1 billion, only...

Tribune Sold To Zell
Tribune Sold
To Zell
Apr 2, 2007 9:45 AM CDT

Tribune Sold To Zell

Real estate magnate will take it private; Cubs for sale

(Newser) - Chicago real estate magnate Sam Zell won a last-minute bidding  war to buy the Tribune Compay with a $34-a-share offer, reports the Chicago Tribune. Zell will take the media conglomerate private in a deal that includes an employee stock ownership plan. The Cubs will be sold separately.

Playwright Finds Times Arrogant on Al Gore

Do we have to read about the VP's weight in every dispatch?

(Newser) - Al Gore is having an astonishing political second act, leading the charge to save the planet, but the supercilious writers at the New York Times can't resist condescending to him, observes playwright Jon Robin Baitz,  doing a little reverse reviewing in his blog. TheTimes, he argues, displays its "...

News Wars
News Wars
Mar 19, 2007 5:11 PM CDT

News Wars

PBS takes on the future of news

(Newser) - From “infosnacking” to “hyperlocal” news, there is a whole new terminology describing the evolution of news, particularly the move to online news.  The PBS show Frontline has developed a four-part series that examines the ‘News Wars’ taking place all around us. 

Stories 261 - 278 | << Prev