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DigitalBridge Communications Corp., a private operator of WiMax 4G broadband networks in underserved and rural America, completed additional equity financing, including an investment from Schurz Communications, that will join next-generation communications with Schurz-supplied content for potentially millions of consumers.
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Posted: November 20, 2009, 12:00am EST
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Canwest Global Communications' newspaper division has been givenmore time by its creditors to restructure its operations and repay debt.
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Posted: November 11, 2009, 12:00am EST
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A Pittsburgh Tribune-Review Publishing Co. executive has been named chairman of the Pennsylvania Newspaper Association.
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Posted: November 10, 2009, 12:00am EST
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The Tribune Co. is paying back $170 million of the remaining amount of debtor-in-possession (DIP) loan issued by Barclays Bank.
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Posted: November 10, 2009, 12:00am EST
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C. Peter Jorgensen, former publisher of six weekly suburban Boston newspapers, died of cancer on Sept. 25 at the age of 68 at his home in Tunbridge, Vt.
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Posted: November 09, 2009, 12:00am EST
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Media company E.W. Scripps says it narrowed its loss in the third quarter despite another decline in revenue as the company continues to cut costs to cope with advertising declines hurting the industry.
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Posted: November 05, 2009, 12:00am EST
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Torstar Corp., publisher of The Toronto Star and Harlequin romance books, reported Wednesday that it swung to a modest profit in the third quarter despite a 12.6% drop in revenue at its newspaper and digital publishing unit.
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Posted: November 04, 2009, 12:00am EST
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The San Diego Union-Tribune and the local ABC affiliate 10News have forged a content-sharing partnership under which the two outlets will share news, pictures and video and will team up on projects.
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Posted: October 30, 2009, 12:00am EDT
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While under Chapter 11 protection, Tribune Co. has paid "millions of dollars" in hidden and unauthorized fees to lawyers and financial advisory firms hired by senior lenders as part of a plan to grab the lion's share of the Chicago media giant's assets, claims a dissident group of bondholders.
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Posted: October 28, 2009, 12:00am EDT
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Sorry, Rupert. Despite the News Corp. chairman's hopes (along with all publishers) to charge for online content, consumers are loathe to pay, new research from Ipsos Mendelsohn and PHD reveals. Simply put, they've been trained to equate online with free.
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Posted: October 27, 2009, 12:00am EDT
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Much of The Wall Street Journal's online content is subscription-only, butthe dogged could find ways around that, notably via its free mobileapplications.
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Posted: October 26, 2009, 12:00am EDT
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Sun-Times Media Holdings LLC announced Monday afternoon the completion of its acquisition of the Chicago Sun-Times, seven suburban daily newspapers, 51 weeklies, Web sites and other assets for approximately $26.5 million.
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Posted: October 26, 2009, 12:00am EDT
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A year after its founding, the International Association of Sports Newspapers (IASN) on Friday launched a new Web site to call attention to it efforts to promote sports-oriented newspapers as marketing tools.
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Posted: October 23, 2009, 12:00am EDT
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After nearly three decades of publication, the twice-weekly Midwest (Okalahoma) City Sun is folding with its final edition Wednesday, Oct. 28, Publisher Lance Moler said in an article posted on its Web site Thursday.
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Posted: October 22, 2009, 12:00am EDT
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Voyager Media has agreed to acquire Enterprise Publications based in Plainfield, Ill. The transaction includes the Plainfield Enterprise, the Plainfield Advantage and the Shorewood Sentinel.
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Posted: October 21, 2009, 12:00am EDT
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Political advertising will hit $3.3 billion in 2010, an 11 percent increase over 2008, but a 4 percent decrease from 2006, according to a Wells Fargo Securities report released Wednesday.
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Posted: October 21, 2009, 12:00am EDT
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Last week's layoffs at The Press-Enterprise in Riverside, Calif., isn't the start of a new round of job cuts at other A.H. Belo papers, the Dallas-based company's CFO said Wednesday.
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Posted: October 21, 2009, 12:00am EDT
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Metro International, the world's largest publisher of free commuter dailies, reported a third-quarter loss Monday on revenue that fell 26% from a year ago.
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Posted: October 19, 2009, 12:00am EDT
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Third-generation Buffalo (Wyo.) Bulletin owners Robb and Jen Hicks have appointed Joe Hudon the weekly's new associate publisher.
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Posted: October 16, 2009, 12:00am EDT
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Dallas-based American Consolidated Media (ACM) is cash-flow positive despite earnings that fell 21% in the third quarter -- but it expects to be in violation of its loan agreements, its Australian parent says.
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Posted: October 14, 2009, 12:00am EDT
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When five Chicago Newspaper Guild units at Sun-Times Media Group properties finally acceded to renegotiated contract concessions, it seemed the last obstacle had been removed for the purchase of the Chicago Sun-Times parent by a group of local investors headed by financier Jim Tyree.
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Posted: October 13, 2009, 12:00am EDT
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Newspaper publisher McClatchy Co. is scheduled to report its third-quarter results before the stock market opens Thursday. The following is a summary of key developments and analyst opinion related to the period.
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Posted: October 13, 2009, 12:00am EDT
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Jeff Coolman has been renamed the Minnesota group publisher of Sun Newspapers, effective Oct. 12. In his position, he will oversee Sun Newspapers' 42 weekly Minnesota publications.
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Posted: October 09, 2009, 12:00am EDT
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The online ad market is close to bottoming out, according to new report issued by industry tracker eMarketer.
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Posted: October 08, 2009, 12:00am EDT
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Following marathon talks with bankers, Canwest Global Communications Corp. is to file for bankruptcy protection Tuesday (Oct. 6) to complete a controlled recapitalization plan.
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Posted: October 06, 2009, 12:00am EDT
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U.S. Internet ad spending dipped by 5.3 percent through the first half of the year to $10.9 billion, according to the latest joint spending report by the Interactive Advertising Bureau and PricewaterhouseCoopers. Similarly, during the second quarter, spending slid by 5.4 percent to $5.4 billion.
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Posted: October 05, 2009, 12:00am EDT
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Hearst Corporation announced Monday that four executives have been elected to its board of directors: George R. Hearst III, publisher of the Times Union in Albany, N.Y.; Richard P. Malloch, president of Hearst Business Media and senior vice president of Hearst Corporation; Scott M. Sassa, president of Hearst Entertainment & [...]
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Posted: October 05, 2009, 12:00am EDT
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Cox Enterprises has completed its sale of the Longview News-Journal and The Marshall News Messenger. ASP Westward agreed to purchase the Texas-based papers for an undisclosed sum.
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Posted: October 01, 2009, 12:00am EDT
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Ronnie E. Bell has been appointed publisher of the Harrison Daily Times in Arkansas, effective Nov. 1. He was most recently publisher of The Daily Herald in Roanoke Rapids, N.C.
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Posted: October 01, 2009, 12:00am EDT
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As the Tuesday deadline for labor concessions set by the Sun-Times Media Group's only public bidder slipped past, members of four unions voted to approve the pay cuts and work rule changes demanded by Chicago financier Jim Tyree's group.
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Posted: September 30, 2009, 12:00am EDT
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Calling newspapers "an indispensable cog in the health of our public affairs," and citing the loss of thousands of newspaper jobs nationally, a Wisconsin state representative seeks co-sponsors for a bill exempting newspaper production buildings from taxes.
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Posted: September 30, 2009, 12:00am EDT
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Doug Kiel, president of Journal Communications and CEO of Journal Broadcast Group, will retire from the company on Dec. 27. Kiel plans to start his own company, he said in a statement released Wednesday.
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Posted: September 30, 2009, 12:00am EDT
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The federal corporation that guarantees pensions wants to know what Philadelphia Newspapers intends to do with its union pension plan when it emerges from bankruptcy -- keep it or terminate it, and on what terms?
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Posted: September 28, 2009, 12:00am EDT
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Media General Inc. sold Virginia Business Magazine to a private investment company that includes the magazine's president and publisher, Bernard A. Niemeier.
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Posted: September 25, 2009, 12:00am EDT
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The Danville (Calif.) Weekly will publish its last print edition Oct. 2 and go online only, its publisher, Gina Channell-Allen, told readers in the current issue.
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Posted: September 23, 2009, 12:00am EDT
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Harbinger Capital Partners -- the hedge fund that in early 2008 amassed a nearly 20% stake in The New York Times Co. in a successful bid to get representatives on the publisher's board of directors -- disclosed in a regulatory filing it has sold off 5 million shares of the [...]
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Posted: September 22, 2009, 12:00am EDT
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The Naples (Fla.) Daily News may have a buyer for the property it occupied until last month, when most employees had moved to its new headquarters north of town. The chairman of a corporation created by the city council suggested the council consider buying the property as a site for [...]
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Posted: September 18, 2009, 12:00am EDT
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Moody's Investors Service is keeping its Ba3 rating, a rating on the higher end of the "junk" scale, for Block Communications, publisher of the Pittsburgh Post-Gazette -- despite its newspaper holdings.
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Posted: September 15, 2009, 12:00am EDT
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Nearly alone among publicly traded newspaper companies in continuing to pay a stock dividend, The Washington Post Co. on Thursday declared a regular quarterly dividend of $2.15 a share, payable Nov. 6 to shareholders of record on Oct. 26.
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Posted: September 10, 2009, 12:00am EDT
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Kurt Mueller has been named general manager of RedEye and Metromix, the Chicago Tribune Media Group announced on Wednesday. He succeeds Brad Moore, who is the company's vice president of targeted media.
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Posted: September 10, 2009, 12:00am EDT
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Journalists at Truthout, the left-leaning Web site, have become the first employees at an online-only news site to organize with a union.
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Posted: September 09, 2009, 12:00am EDT
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With its share price buoyed by the summer rally in newspaper stocks, Lee Enterprises said Monday it now complies with all standards for continued listing on the New York Stock Exchange (NYSE).
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Posted: September 08, 2009, 12:00am EDT
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The online-only Raleigh (N.C.) Telegram is asking its readers to kick in donations for its newsgathering efforts, and to help pay its annual dues to the North Carolina Press Association, where it is the sole general-interest online newspaper member.
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Posted: September 08, 2009, 12:00am EDT
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Facing $4 billion in debt and negotiating with creditors, Canwest Global Communications Corp. informed employees last week that it will outsource some ad-production now performed in Calgary and Regina to a company operating in India and the Philippines.
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Posted: September 04, 2009, 12:00am EDT
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Swift Communications Inc. has appointed P. William (Bill) Toler its new chief executive officer. He has also been named a member of the company's board of directors.
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Posted: September 03, 2009, 12:00am EDT
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Real estate Web site Zillow.com and Seattlepi.com announced the launch of a co-branded Web site Tuesday.
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Posted: September 01, 2009, 12:00am EDT
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The judge presiding over Tribune Co.'s Chapter 11 bankruptcy case has approved an expedited process for court action surrounding the company's sale of the Chicago Cubs baseball team.
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Posted: August 31, 2009, 12:00am EDT
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MediaNews Group Inc. took full ownership of Prairie Mountain Publishing Co. after three years of a 50/50 partnership with E.W. Scripps Co. in the group that publishes the Daily Camera and Colorado Daily in Boulder as well as several other Colorado papers, including the Broomfield Enterprise.
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Posted: August 27, 2009, 12:00am EDT
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Investors in Philadelphia's two major newspapers are promoting the virtues of local ownership as they battle creditors for control of the company.
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Posted: August 25, 2009, 12:00am EDT
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Seattlepi.com, the first metro daily to go online-only, announced a content agreement Tuesday with the publisher of Seattle Magazine, Seattle Business and two dozen other regional lifestyle and business publications.
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Posted: August 25, 2009, 12:00am EDT
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Ronnie Hughes has been named interim publisher of the Juneau (Alaska) Empire.
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Posted: August 24, 2009, 12:00am EDT
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The publisher of The New York Observer is launching a new weekly newspaper dedicated to commercial real estate in New York on Sept. 15.
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Posted: August 24, 2009, 12:00am EDT
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The McDuffie Mirror of Thomson, Ga. has named Todd Rainwater as its new publisher. His appointment was announced Thursday afternoon and is effective Monday.
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Posted: August 21, 2009, 12:00am EDT
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Moody's Investors Service on Friday confirmed its investment-grade credit rating of Gannett Co. Inc., but kept a negative outlook on its debt, signaling a possible downgrade at some undetermined point.
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Posted: August 21, 2009, 12:00am EDT
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As part of Cox Media's reorganization for a more integrated strategyacross its radio, TV, and newspaper properties, the company today named three additional corporate appointments and four groupvice presidents.
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Posted: August 20, 2009, 12:00am EDT
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Village Voice Media (VVM) said Wednesday it is selling the alternative weekly Nashville Scene and the lifestyle magazine Nfocus to Nashville-based SouthComm.
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Posted: August 19, 2009, 12:00am EDT
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More bargain hunters are turning toward text messaging and e-mail to obtain coupons, according to new data from Scarborough Research.
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Posted: August 18, 2009, 12:00am EDT
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Ricky Mathews has been named president of Advance Alabama/Mississippi and will assume oversight responsibility for the Birmingham News and the Huntsville Times, in addition to serving as president and publisher of the Press-Register in Mobile, Ala., the Baldwin Register in Baldwin County, Ala., and the Mississippi Press in Pascagoula, Miss.
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Posted: August 17, 2009, 12:00am EDT
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Michael Schuver has been named publisher of the Branson (Mo.) Daily News. His appointment was announced to Daily News staffers Tuesday morning.
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Posted: August 12, 2009, 12:00am EDT
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Citing "exhorbitant" costs of operating within the city, the Atlanta Journal-Constitution may move from the downtown headquarters building it owns to a site possibly outside the city. The paper's printing and packaging operations were consolidated at its plant in Gwinnett County in early 2007.
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Posted: August 12, 2009, 12:00am EDT
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The Daily News of Los Angeles on Friday announced the appointment of Jack Klunder, a 34-year veteran of the newspaper business and a former president of the Los Angeles Times.
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Posted: August 07, 2009, 12:00am EDT
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Tim Dowd has been named president and publisher of the Courier-Post of Cherry Hill, N.J., according to a report on the Courier-Post Web site. He had previously served as publisher of the Times Herald of Port Huron, Mich.
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Posted: August 05, 2009, 12:00am EDT
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News Corp. reported after U.S. markets closed Wednesday that fiscal fourth-quarter adjusted operating income at its newspaper and information services segment plunged 36.5% to $96 million, principally on the deep advertising slump and a weakening of the Australian dollar.
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Posted: August 05, 2009, 12:00am EDT
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The Poughkeepsie (N.Y.) Journal sold its landmark City of Poughkeepsie building, and will stay on as a tenant, the newspaper announced.
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Posted: August 04, 2009, 12:00am EDT
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Gina Felix has been named publisher of the Carthage (Mo.) Press, the paper announced Saturday.
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Posted: August 03, 2009, 12:00am EDT
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Metro International S.A., the big global publisher of free commuter dailies, on Friday sold its Italian operations to New Media Enterprises S.r.L., which will continue to publish the papers under a franchise agreement with Metro.
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Posted: July 31, 2009, 12:00am EDT
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John Henry Holoman, former publisher of the defunct Herald Dispatch newspaper in Los Angeles, passed away Friday at age 70. The cause of death was not released.
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Posted: July 30, 2009, 12:00am EDT
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Joel P. Smith, longtime editor, publisher, and owner of weekly The Eufaula (Ala.) Tribune, passed away Thursday at age 80.
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Posted: July 30, 2009, 12:00am EDT
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The Los Angeles Times Media Group announced Wednesday that Bill Nagel has been named Executive Vice President/Business Services.
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Posted: July 29, 2009, 12:00am EDT
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Facing a deadline next week for a reorganization plan to emerge from bankruptcy, Tribune Co. is asking the court for an additional four months.
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Posted: July 28, 2009, 12:00am EDT
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The San Francisco Chronicle Division of Hearst Communications has leased its 7.9-acre Chavez Street production plant to Webcor, a large construction firm, according to Chronicle Marketing Director Michael Keith. The value of the five-year lease was not disclosed. The plant closed a few weeks ago when Transcontinental took over its [...]
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Posted: July 28, 2009, 12:00am EDT
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The weekly Richfield (Utah) Reaper has appointed Charles G. Hawley its new publisher. The announcement was made last week by William Brehm Jr., president of Brehm Communications, which has owned the Reaper since 1990.
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Posted: July 28, 2009, 12:00am EDT
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Having sold off Congressional Quarterly in recent days, St. Petersburg, Fla.-based Times Publishing Co. said it is putting up for sale the sibling magazine Governing.
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Posted: July 28, 2009, 12:00am EDT
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Financial Times and textbook publisher Pearson said Monday it swung to a profit in the second quarter as it became even less reliant on faltering advertising revenue.
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Posted: July 27, 2009, 12:00am EDT
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The Hearst Corp. said today it has increased its stake in the ratings agency Fitch Group. Fimalac S.A., the French-based parent company of Fitch Group, sold an additional 20% interest to Hearst.
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Posted: July 24, 2009, 12:00am EDT
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The parent company of The Philadelphia Inquirer and The Philadelphia Daily News will make its reorganization plan public by the end of next week, according to a company lawyer.
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Posted: July 22, 2009, 12:00am EDT
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With its advertising sales down by 30 percent through the first half of the year, newspaper publisher McClatchy Co. has been wringing more revenue from readers by raising newsstand and home delivery prices. The higher prices helped boost McClatchy's circulation revenue by 5 percent, or about $3 million, in the [...]
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Posted: July 22, 2009, 12:00am EDT
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Ricky Mathews, president and publisher of The Sun-Herald of Biloxi, Miss., announced Tuesday that he would be leaving the paper in early August to take a new position outside the McClatchy Co.
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Posted: July 22, 2009, 12:00am EDT
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By handily beating Wall Street expectations with its second-quarter earnings report Tuesday, The McClatchy Co. set off a stampede for shares of The Sacramento Bee parent.
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Posted: July 21, 2009, 12:00am EDT
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St. Petersburg, Fla.-based Times Publishing Co. agreed Tuesday to sell Congressional Quarterly to the Roll Call Group, a subsidiary of The Economist Group.
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Posted: July 21, 2009, 12:00am EDT
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The Providence Journal and its parent company, A.H. Belo Corp., have agreed to sell Rhode Island Monthly magazine to John J. Palumbo, its longtime president and publisher.
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Posted: July 20, 2009, 12:00am EDT
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Sun-Times Media Group Inc. has skipped more than $800,000 in payments to its pension plans, according to filings in its bankruptcy case.
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Posted: July 20, 2009, 12:00am EDT
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Greenspun Media Group has named Bob Benz executive vice president where his new responsibilities include growing new revenue streams.
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Posted: July 17, 2009, 12:00am EDT
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Richard Zannino, the former CEO of Dow Jones who helped hand over the company to News Corp., is going to work in private equity, reports Reuters.
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Posted: July 15, 2009, 12:00am EDT
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Observer Newspapers has reached an agreement with the East Orlando Sun that would allow the papers to share resources.
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Posted: July 15, 2009, 12:00am EDT
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Metro International, the big publisher of free commuter dailies worldwide, has retreated from the U.S. market, and even pulled back in some European cities. But Tuesday it announced a franchise agreement and joint venture to relaunch two Metro papers in Ecuador -- a move it says will make its formatted [...]
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Posted: July 14, 2009, 12:00am EDT
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The Wall Street Journal announced Tuesday that it had launched FINS.com, a career site specifically for financial professionals.
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Posted: July 14, 2009, 12:00am EDT
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Days from its end as a printed daily newspaper, The Ann Arbor (Mich.) News announced that a sibling publication, The Ann Arbor Business News, ceased as a print publication with its final issue last Friday.
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Posted: July 13, 2009, 12:00am EDT
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Canwest Global Communications Corp. Friday reported a quarterly loss of C$110 million on a big impairment charge taken on its newspapers.
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Posted: July 10, 2009, 12:00am EDT
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The Dallas Morning News on Wednesday announced it had named Tracy Martin Taylor as publisher of Quick, its weekly entertainment tabloid, and general manager of Arts and Entertainment.
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Posted: July 08, 2009, 12:00am EDT
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RiseUp, a short-lived newspaper insert dealing with race and ethnicity, owes The Kansas City Star and several other creditors $6 million.
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Posted: July 08, 2009, 12:00am EDT
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Charles Horton has been named president and publisher of the Kitsap Sun in Bremerton, Wash.
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Posted: July 08, 2009, 12:00am EDT
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Progress Newspapers Inc. has been sold by family owner Matthew Petersohn to Mark Barry of Kingston, N.J.-based United Publishing LLC, Kamen & Co. Group Services announced Tuesday.
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Posted: July 07, 2009, 12:00am EDT
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The McClatchy Co. has announced that Citisquare Group, buyer of 10 acres of parking lots around The Miami Herald's Biscayne Bay headquarters, has exercised an option to extend the closing date from June 30 to Dec. 31. The extension requires the buyer to increase a termination fee payable to McClatchy.
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Posted: July 06, 2009, 12:00am EDT
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Jim Murphy has been named publisher for The Record newspaper in Troy and three other weeklies.
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Posted: July 06, 2009, 12:00am EDT
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Journal Register Co. has sold a cluster of newspapers in Michigan to JAMS Media LLC.
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Posted: July 02, 2009, 12:00am EDT
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Today Newspapers, a cluster of community papers serving Dallas' south suburbs, are folding with their final editions Thursday.
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Posted: July 02, 2009, 12:00am EDT
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Clay Foster has been named publisher of the Northeast Mississippi Daily Journal newspaper in Tupelo.
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Posted: July 01, 2009, 12:00am EDT
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James M. Asher, senior vice president, chief legal and development officer, and board member of Hearst Corporation, has been elected one of the 13 lifetime trustees of the Hearst Family Trust.
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Posted: July 01, 2009, 12:00am EDT
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Jim Murphy has been named the new publisher of the Journal Register Company's Troy Newspapers in Troy, N.Y., the company reported Tuesday. That group includes The Record of Troy, and three weeklies: Greenbush Life, Latham Life, and River Life.
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Posted: June 30, 2009, 12:00am EDT
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