Companies

OhmyNews introduced the world to "citizen journalism" -- breaking news, investigative reporting, tales of daily life, written by thousands of amateurs all over South Korea. But now the online newspaper finds itself in the throes of change. After having turned a small profit for three years, OhmyNews slid into the red in 2006. It faces growing competition in South Korea, has failed to catch fire...

MOSCOW, March 26 (Itar-Tass) - The editorial office of the newspaper “Izvestia”, jointly with the publishing house, will arrange a festive reception here on Monday to mark the newspaper’s ninetieth anniversary. The reception will be held at Moscow’s “President Hotel’ and will be rounded off by the presentation of “Izvestnost” awards of honour. The newspaper’s editorial office instituted those...

Time Inc has decided to shut down LIFE magazine, a publication it had resuscitated in late 2004 as a newspaper supplement. Time Inc said in a statement Monday that it would keep the LIFE brand going on the Internet, where it will launch a website with photos from its massive image collection, and by publishing books. The famous Life Magazine photograph taken by Alfred Eisenstaedt. Time will make...

WASHINGTON: A record amount of the paper consumed in the U.S. was recycled last year, and an increasing portion of paper and paperboard is being exported to China, the paper industry's trade group said Monday. The statistics released by the American Forest and Paper Association show paper and pulp companies are increasingly supplying a global market for recycled paper products. Exports of paper to...

For newspapers, February was the cruelest month. So far. Revenue from advertising was in striking decline last month, compared with February a year ago, and were generally weaker than analysts had expected. And while there was one piece of good news for the industry — ad spending on newspaper Web sites rose — many industry watchers were wondering whether the February declines were part of a short...

The Indian media and entertainment (M&E) industry is expected to grow at an 18 per cent compound annual growth rate (CAGR) to reach an overall value of Rs 1 trillion by 2011 from its present size of Rs 437 billion, according to a report published by PricewaterhouseCoopers (PWC) for the Federation of Indian Chambers of Commerce and Industry (FICCI). Growing demand coupled with technological...

A New Zealand newspaper publisher announced Thursday it plans to outsource much of its editorial production to another company — a move that brought a pledge from unions to fight the proposal. APN New Zealand, half-owned by Irish businessman Tony O’Reilly’s Dublin-based Independent Newspapers Ltd., told staff up to 70 editorial staff jobs would be lost if it sources some editorial production from...

DUBLIN (Reuters) - Irish newspaper publisher Independent News & Media hopes to use proceeds from its bid for Australia's APN News & Media to expand into growing Asian markets but has dropped plans to move into Russia. "We would want better comfort on the political and press freedom issues before we looked at investing in Russia again," Independent News Chief Operating Officer Gavin O'Reilly told...

Are you good in English grammar, spelling and editing? Well there may be a job waiting for you from a newspaper thousands of miles away in the U.S. After IT companies, Banking and finance companies, call centres, education, medical transcription and legal sectors, it is now the U.S. that is looking for outsourcing editing jobs to India and some other developing countries. “Sure, there have been...

It began with call centers, technology firms and the pharmaceutical industry. Now it appears the rush to capitalize on India’s booming economy has spread to the Western print media. Foreign publishers – particularly those based in the United States – are scrambling to set up shop in India. After finding success in China, the industry now views India as the last vast untapped market for Western...