News

NEW YORK: One of Knight Ridder's major shareholders, Southeastern Asset Management, notified the Securities and Exchange Commission (SEC) that it wants to open discussions with the company about a potential sale. Southeastern, based in Memphis, Tenn., filed a SC 13D form relating to 6,585,800 shares of Knight Ridder common stock, constituting 8.9% of the 73,664,308 shares outstanding. Southeastern...

A potential sale of Knight Ridder Inc. might be the first shoe to drop in the long-talked-about consolidation of the newspaper industry. If so, somebody better deliver the news to prospective buyers. There don't seem to be many out there, at this point. Knight Ridder's biggest shareholder, Legg Mason Inc.'s Private Capital Management LP, this week called for the sale of the San Jose, Calif...

The media moguls are busier than ever. In the last few months, Rupert Murdoch, the News Corporation chairman, has announced a series of Web deals including the purchase of Myspace.com, a social networking site. Time Warner is in talks to sell a stake in a suddenly hot AOL. Walt Disney, meanwhile, agreed to shake up its business model and distribute some of its television shows on the latest Apple...

Nov 2, 2005 – NEW YORK (Reuters) - Time Warner Inc. on Wednesday reported an 80 percent jump in third-quarter profit, beating analyst expectations, as high-speed Internet and digital phone services drew more subscribers and online advertising sales increased. Addressing concerns by billionaire activist Carl Icahn, Time Warner also said it more than doubled its stock buyback commitment to $12.5...

American teenagers today are utilising the interactive capabilities of the Internet as they create and share their own media creations. Fully half of all teens and 57 per cent of teens who use the Internet can be considered content creators. They have created a blog or webpage, posted original artwork, photography, stories or videos online or remixed online content into their own new creations...

Reporters Without Borders today condemned the censorship of pro-democracy writer Wang Yi’s blog ( http://zhivago.tianyablog.com), which was closed down just days after it was nominated for the "freedom of expression" category in a blog contest ( www.thebobs.de) being organised by the German radio station Deutsche Welle. "We call for the immediate reopening of this blog and we point out that the...

NEW YORK: Five new-media leaders explained how their news staffs have sprinted from the technology dark ages to the forefront of innovative journalism -- and how others must follow suit or be relegated to the history books -- at a Columbia University panel discussion Wednesday night titled "The Changing Media Landscape, 2005." The discussion brought together Len Apcar, NYTimes.com editor; Jeff...

We'll try to resist the easy stereotype of British reporters, all that rubbish about what a pack of rambunctious, foul-mouthed, partisan, aggressive and all-around cheeky rogues and rascals they are. That's the sort of caricature that has stuck to the British press like a barnacle for decades, and an objective American reporter shouldn't stand for it. Okay, we held out for one paragraph. The 50...

The Ministry of Water Resources has instituted two awards for media reporting on 'water'. One award is regarding the print media in the category of best published researched story and the other is for the electronic media for thought provoking telecasted docu-feature. The award in each category consists of Rs 50,000 in cash, a trophy and a citation. Besides, awards have also been instituted on...

NEW YORK (AdAge.com) -- Richard D. Parsons, chairman-CEO of Time Warner, today told a gathering here of media mavens and politicos that although he could not make the Time Warner-America Online merger work, he still feels the convergence of traditional media and the Internet is inevitable. "We are the only media company with a major stake in the Internet," Mr. Parsons said. But talks are in early...