Companies

A constitutional court Tuesday approved a petition by Manana Aslamazian, the former director of Internews Russia, ruling that article 188.1 of the criminal code, limiting the amount of currency that can be brought into the country, is unconstitutional. Internews Russia was closed in April 2007 after Aslamazian was charged with contraband under the article. “We welcome the constitutional court’s...

News and information company Thomson Reuters will cut 140 journalist jobs by the end of the year. In an internal email to staff, the editor-in-chief of Reuters News, David Schlesinger, said having looked into areas of "natural overlap and duplication in coverage" between Thomson and Reuters the newly merged company had decided more than half of the cuts would be in Europe, the Guardian reported...

(Reuters): When Conde Nast launched its premium lifestyle magazine Vogue in India last year, it carried a whopping 168 pages of advertisements of a total 400 pages. Now, the publisher is preparing to launch its luxury men’s magazine GQ and expects a similar rush of advertisers in Asia’s third-largest economy, where rising incomes and growing literacy are boosting readership and revenues of...

The New York Times confirmed Wednesday that it had made a limited but unspecified number of involuntary cuts to its newsroom staff in order to meet its goal of reducing head count there by 100, says an Associated Press (AP) report. Executive Editor Bill Keller said in a memo to staff that while the "overwhelming majority" of cuts came from volunteers accepting buyout offers, the paper had to make...

Pune-based Sakal Media Group on Wednesday launched its much-hyped English newspaper Sakaal Times with an initial print run of 1,00,000 copies. A 24-page daily, with almost 80 per cent content outsourced, Sakaal Times is divided into three sections and is with a cover price of Re 1, the Business Standard reported. Headed by the Union Agriculture Minister Sharad Pawar's nephew Abhijit Pawar, the...

ONE of India's leading newspapers launched an unusual advertising drive last month. “Money cannot buy our integrity” read a front-page slogan in Daily News & Analysis (DNA), a Mumbai daily. “Make the headlines tomorrow. By paying for it,” it added, in reference to some other papers' supposed tendency to give favourable coverage to firms that place advertisements. That charge is hard to prove. But...

DB Corp Ltd, the publisher of Dainik Bhaskar, will launch a Hindi business paper by the end of July, the Mint newspaper has reported. Executives told the newspaper that while a formal date for the launch has not been fixed, the paper, to be called Bhaskar Business, will launch in all the strong markets of the Dainik Bhaskar and will likely have 10-15 editions. Yatish Rajawat, a former associate...

A committee to protect editorial integrity at the Wall Street Journal said on Tuesday it will be more active in the search of a new managing editor for the paper after being blindsided by the resignation of Marcus Brauchli, according to a Reuters report. The committee, whose duties include the hiring and firing of top Journal editors, learned of Brauchli's departure after the fact, which it said...

Triveni Media Ltd (TML), a fully owned subsidiary of real estate and infrastructure group Triveni Infrastructure Development Co Ltd, is set to launch a bouquet of news and lifestyle channels this year, and MJP Media Pvt Ltd, a company promoted by journalist MJ Akbar, will soon launch Covert, a magazine on Indian politics, says a Mint report. Some elementary details: TML will launch a 24-hour Hindi...

The jobs of more than 30 Newsquest prepress staff in Sussex and Wiltshire are at risk with the newspaper publisher pressing ahead with plans to outsource positions to India, says a report in printweek.com. Newsquest Sussex, which publishes Brighton's Argus newspaper, confirmed that 21 jobs will be relocated to the Indian operations of US firm, Express KCS. The move, which would result in a cut...