Companies

A US congressional committee plans to investigate whether Yahoo Inc lied during testimony over its role in a human rights case in China that sent journalist Shi Tao to jail for 10 years. Announcing the investigation, House of Representatives foreign affairs committee chairman Tom Lantos, a California Democrat, Friday last it would be shameful if it was confirmed that Yahoo had known why the...

BOSTON/NEW YORK (Reuters) - Dow Jones & Co Inc said on Thursday it did not know that one of the people named to protect its editorial independence after it becomes part of News Corp runs a foundation that received a donation pledge of $2.5 million from News Corp. Rupert Murdoch's global media conglomerate selected Massachusetts Institute of Technology Professor Nicholas Negroponte to be part of...

With Rupert Murdoch’s $5 billion purchase of Dow Jones now approved by the board, the question focuses even more on how he might operate the company’s flagship Wall Street Journal. Those scrutinizing Murdoch’s U.S. newspaper holdings for clues to his stewardship of the Journal have frequently cited his in-your-face conservative New York Post tabloid as Exhibit A, and his ownership of papers in...

Rupert Murdoch's News Corp has clinched a deal to buy Wall Street Journal publisher Dow Jones & Co for $5 billion ending a century of family ownership. The companies said Wednesday that they signed a definitive agreement after the deal won sufficient support to pass from a deeply divided Bancroft family, which has controlled the storied newspaper publisher for generations, the Associated Press (AP...

Condé Nast is ready to follow the September launch of the Indian edition of Vogue with other upmarket titles as the global fashion and luxury retail industry looks to cash in on the country’s growing affluence. The publisher is seeking or has obtained regulatory approval for magazines such as Glamour, GQ, Condé Nast Traveller, Vanity Fair and niche publications such as Wired, the technology...

News and information group Reuters said today its takeover by Canadian rival Thomson was on track and could be completed later this year. Reporting a 11% rise in pre-tax profits to £136m in the first half, Reuters said discussions with regulators over the £8.7bn Thomson deal were progressing and that customers were supportive of the tie-up. The deal with Thomson, announced in mid-May, ends 156...

NEW YORK: The Associated Press will be ending its highly-touted “asap” service in October, E&P has learned. Staffers were notified this morning about its October 31 demise as a stand alone. It’s not known if any layoffs will come. About 200 newspapers subscribed to the service. It was launched in 2005 as a response to the growth of blogs and so-called youth tabs, and had 24 staff members. It...

News and information group Reuters said today its takeover by Canadian rival Thomson was on track and could be completed later this year. Reporting a 11% rise in pre-tax profits to £136m in the first half, Reuters said discussions with regulators over the £8.7bn Thomson deal were progressing and that customers were supportive of the tie-up. The deal with Thomson, announced in mid-May, ends 156...

(FNJ/IFEX) - Forty-nine journalists working for the past 11 years for Gorkhapatra Corporation, a government-owned media group, were sacked by management without any genuine evaluation of their work on 26 July 2007. Federation of Nepalese Journalists (FNJ) President Bishnu Nisthuri said that management dismissed the journalists on the basis of its political interests. The management of the...

(Fortune Magazine) -- Barry Svrluga, a 36-year-old baseball writer for The Washington Post, was on his way to the barber when an e-mail pinged his BlackBerry telling him that the Washington Nationals had sent two struggling pitchers to the minor leagues. Svrluga detoured to Starbucks, wrote a 572-word commentary on his laptop and posted it to his blog, Nationals Journal at washingtonpost.com...