The Toronto Star’s coverage of scandal-plagued Mayor Rob Ford helped stabilize profits at parent company Torstar Corp. (TSX:TS.B) in the fourth quarter, but it wasn’t the sole reason for the improved results, company executives said Wednesday.
After a tumultuous and mostly unprofitable three-and-a-half years under media giant Aol, hyperlocal publishing network Patch was acquired in January by Hale Global, a holding company that specializes in turnarounds, mostly with technology firms.
Flipboard is acquiring competing iPad news app Zite from its current owner CNN. According to a person familiar with the situation, the deal was an all-stock transaction, which is currently valued at more than the price CNN paid when it purchased the company for just north of $20 million in 2011. Neither Flipboard nor CNN would comment on the purchase price. Zite will eventually be shut down and integrated into Flipboard.
The Guardian is expected to report an increase in digital revenues of more than a quarter to almost £70m in the last year, as the future of its national newspaper titles is secured for the forseeable future following a £619m cash injection.
The McClatchy Company said today that it anticipates a cash distribution as a result of the recent announcement by Classified Ventures, LLC (CV) of its agreement to sell Apartments.com for $585 million to CoStar Group. CV has said that it expects the transaction to close in the second quarter of 2014.
The Graham family, longtime newspaper publishers, gave up and sold it for a dollar.
Business Insider, the digital news site launched by former Wall Street analyst Henry Blodget, will expand to London later this year.
The Tampa Bay Times bills itself as “Florida's Best Newspaper.”
New Media Investment Group Inc. announced today that it acquired the Victorville (CA) Daily Press along with other publications and related assets from Freedom Communications for a purchase price of $8.0 million.
Media companies are racing to spin off their declining print businesses. Unfortunately, the way they’re doing so could drag them down further.
Analysts say the good news—if there is any—is that the revenue decline is not as steep as a few years ago.
Analyzing and mining Big Data has become routine and it is a force shaping nearly every industry, including newspapers.
About 45 full-time and 29 part-time jobs will be impacted, although many employees will have an opportunity to apply for new positions in Columbus