News

May 7 (Bloomberg) -- Rupert Murdoch's News Corp. sold its shares in Fairfax Media Ltd., six months after buying the stake to thwart any attempt to take over its nearest Australian rival. The sale comes just days after Australian-born Murdoch bid $5 billion for Dow Jones & Co., publisher of the Wall Street Journal. News Corp. sold its 7.5 percent stake for A5.07 a share, Fairfax said in a statement...

May 7 (Bloomberg) -- Microsoft Corp. Chief Executive Officer Steve Ballmer interrupted a Hawaiian vacation to call his top Internet ad man, Yusuf Mehdi, on April 16 after Google Inc. announced its $3.1 billion purchase of DoubleClick Inc. Mehdi says Ballmer offered money, personnel, acquisitions or whatever he needed to fight the threat that buying Web- advertising company DoubleClick will advance...

Srinagar, May 6: Unidentified gunmen in civvies, suspected to be personnel of Special Operations Group, abducted and beat up a prominent journalist and human rights activist of Doda district, Naseer Khora, on Saturday evening. Police has registered a case. “I was picked up by gunmen in civvies near Ram Munshi Bagh Police Station around 8:30 pm. They bundled me into a white Mahindra vehicle and...

New Delhi: In a one-off case, the Supreme Court has ruled that the government has the power to ban or forfeit any publication that endangers public order, even if it means restricting the freedom of expression guaranteed by the Indian Constitution. “Government has the power to confiscate material, which contain references that could spark violence,” the Bench comprising Justices B P Singh and H S...

Abu Dhabi: A court fined an Arabic newspaper's editor-in-chief Dh20,000 for maligning two dignitaries by publishing an article on how their horse was stripped of an award for taking a banned substance. The Abu Dhabi Federal Court of First Instance acquitted the chief executive of the Dubai-based newspaper 'because he wasn't liable for the editorial content'. The UAE national editor-in-chief and...

SAN FRANCISCO — News Corp.’s Rupert Murdoch has a $5 billion crush on the owner of The Wall Street Journal, Reuters PLC is the apple of Thomson Corp.’s eye, and Microsoft Corp., at least fleetingly, appeared to flirt once again with Internet icon Yahoo Inc. The media mating dance that broke out last week is part of a mad scramble to find the right mix of technology, business savvy and content to...

The RSS buttons may seem ubuquitous these days, but that's just what they are. RSS feeds are still far away from giving subscribers the news people want and need, a study has concluded. "RSS feeds work best for breaking-news headlines — President Bush’s veto of the Iraq spending bill or the death of former Russian President Boris Yeltsin," says researcher Susan D Moeller, a journalism professor at...

TORONTO (Reuters) - Thomson Corp., the electronic publisher rumored as a potential bidder for financial data and news company Reuters Group Plc, has been no stranger to acquisitions since its founding family bought its first newspaper in small-town Canada in the 1930s. From their roots as newspaper proprietors, dealmaking has been the bread and butter of the Thomsons. The family has been involved...

LONDON: : Canadian publisher Thomson Corp is in talks to buy financial news and data group Reuters, Canada’s Globe and Mail newspaper said on Friday, citing unidentified sources close to both companies. “Thomson is a big thoughtful company that makes long-range plans and doesn’t do hostile deals,” the newspaper quoted one source as saying. Reuters, which said earlier on Friday it had received a...

TEHERAN - Iran has arrested the editor of a student paper after the publication of material deemed insulting to Islam in four reformist papers at a prestigious Teheran university, press reports said on Saturday. “Ahmad Ghassaban the editor of Sahar (Dawn), a student paper in Amir Kabir University, was arrested on Thursday,” the reformist Etemad daily said. His arrest came after caricatures and...