Companies

The Seattle Times on Monday announced plans to cut its staff by 10 per cent through a combination of layoffs and buyouts, the Associated Press (AP) has reported. The cuts of 130 to 150 jobs are the third staff reduction announced by the 112-year-old, family owned newspaper this year. The company hinted in an email to staff Monday morning that there could be further cuts as the 2009 budgeting...

Gannett Company, the largest newspaper chain in the US, is slashing about 3,000 jobs and the 100-year-old Christian Science Monitor is ending its print edition, the latest cost-cutting moves in a beleaguered US newspaper industry. Last week, the Los Angeles Times announced its decision to lay off 10 per cent of its news staff, while the Star-Ledger newspaper in New Jersey said about 40 per cent of...

It was the the fear of newspapers' backlash that forced the Associated Press (AP) last week to retract its plans of new fees. News agency AP, which is owned by its US member newspapers, has said its board of directors has asked the management to complete a sweeping review of the news cooperative's membership policies by next April. A note to staff said some job cuts are likely. [ Link] "It is time...

The US economic crisis is beginning to hit its newspaper industry. After 17 back-to-back quarters of ballooning growth, online revenue at newspaper sites is falling, the New York Times has reported. In the second quarter this year, it was down 2.4 per cent compared with last year, to $777 million, according to the Newspaper Association of America (NAA). It was the only year-over-year drop since...

The Union government has approved 30 per cent interim relief to journalists and non-journalists employees of the newspaper industry. The decision was taken Friday at a Cabinet meeting presided by Prime Minister Manmohan Singh. "Cabinet has approved 30 per cent interim relief to the journalists and non-journalists employees of newspaper industry under the Wage Boards," Union Minister for...

The New York Sun, a newspaper founded as an alternative to the New York Times, was shut down on Tuesday for its failure to raise enough capital. Founder Seth Lipsky was reported saying that a search for new financial supporters had failed, although the initial backers were willing to pay extra if partners could be found. Trying to raise capital had been extremely difficult for them, and it led to...

The Washington Post Co has purchased Foreign Policy magazine from a Washington think-tank for an undisclosed sum. The bimonthly glossy has a circulation of 100,000 and is published by the Carnegie Endowment for International Peace. " Foreign Policy is a terrific magazine, and I'm pleased it will become a part of our company," said Donald E Graham, Post Co chairman. " Foreign Policy furthers our...

LIFE, the venerable photojournalism magazine that was closed down earlier this year, is all set for a new life on the Web. LIFE.com will be jointly owned and operated by Time Inc and Getty Images, and will provide access to the most comprehensive iconic and professional photography collections available anywhere online. Andy Blau, president of LIFE and SVP of Time Inc Interactive, and Catherine...

The Delaware Valley News will print its final edition this week after serving 10 New Jersey and Pennsylvania towns along the banks of the Delaware River for nearly 130 years, the mycentraljersey.com website has reported. The weekly newspaper's four staffers were notified of the shutdown on Monday as they continued to produce the paper's last issue, which is scheduled to hit newsstands Thursday...

The world newspaper industry is heading for another showdown with Google. The Paris-based World Association of Newspapers (WAN) has asked competition authorities in Europe and North America to block the advertising agreement between Google and Yahoo on anti-competitive grounds. The deal, WAN insists, would have a negative impact on the advertising revenues that the search giants provide to