The Union government has decided to allow the publication of local editions of foreign news and current affairs magazines in India. The 26 per cent cap on foreign direct investment into Indian news print ventures, however, will continue. The Union Cabinet cleared the Information & Broadcasting (I&B) Ministry proposal on Thursday. Till now, Indian editions of only foreign scientific, technical and...
Job cuts, prompted by dwindling margins being experienced by newspaper industry in the US and UK, could prove to be a boon for the Indian graphic designer firms set to grab a sizeable chunk of the increased offshoring, a research study says, according to the Press Trust of India (PTI). A substantial drop in the advertisement revenue of newspapers in the US and UK due to tremendous increase in on...
The Novato Advance, a weekly newspaper in Marin County, Novato, California, will cease publication after 86 years, citing declining advertising revenues and higher expenses, the Associated Press (AP) has reported. The newspaper announced Wednesday that it would publish its last issue on September 24. The paper, which has a circulation of about 10,500 and employs 18 people, has not been profitable...
The Sacramento Bee is giving buyouts to 87 employees, including 23 in its newsroom, the Associated Press (AP) has eported. It's the second time this summer the newspaper has shed jobs, as it faces significant declines in advertising revenue. The buyouts will eliminate about 7 percent of the newspaper's overall work force and 10 percent of the newsroom staff, the Bee reported Thursday. The paper...
The editor of the New York Sun, a small five-day-a-week newspaper that professes to offer "an alternative" to the New York Times, said Wednesday the paper may close at the end of September if it doesn't receive new backing, Canadian Press (CA) has reported. The Sun was founded in October 2001 and began publishing daily in April 2002. Some details from the CA report: The Sun "has yet to achieve its...
Australia's second largest press group Fairfax Media announced Tuesday it would slash five percent of its workforce, or 550 jobs, as part of a plan to save 50 million dollars (43 million US). Unions said the redundancies in Australia and New Zealand would affect around 180 journalists in the group that publishes the flagship Sydney Morning Herald and the Age newspapers, Agence France-Presse (AFP)...
The Telecom Regulatory Authority of India (TRAI) wants the Broadcast Audience Research Council to start its audience measurement activities by January next year with representatives from the government, says a report in the Hindu Businessline. The Authority is also seeking regulation over content. “With increased convergence and the blurring of boundaries between carriage and content, the recent...
Newsprint producers are feeling the heat of a 30-40 per cent increase in the waste newspaper prices over the first quarter, says a report in Business Standard. “We were buying waste newspaper at Rs 7,000-8,000 a tonne in the previous quarter. Now, we pay Rs 11,000-12,000 a tonne. This has an impact of about Rs 5,400 on every tonne of newsprint made as 1.35 tonne waste paper is required to produce...
Gannett Co Inc plans to eliminate 1,000 positions from its local newspapers around the US because of declining advertising and circulation revenue, and may cut more if those conditions persist, says a Reuters report. The largest US newspaper publisher said the cuts equal about 3 per cent of the positions in its Community Publishing unit, according to a memo obtained by Reuters on Thursday. The...
Only about 13 percent of the Washington daily newspaper press corps are journalists of color, according to a study on diversity by UNITY: Journalists of Color, Inc and the Walter Cronkite School of Journalism and Mass Communication at Arizona State University. There were slightly more journalists of colour covering the US capital in 2008 than there were four years earlier when UNITY conducted its...
