Companies

When the World Economic Forum last met 12 months ago, the undoubted media stars of the event were Larry Page and Sergey Brin. Aside perhaps from Bono, nobody attracted such attention, adulation or worried fascination as the founders of Google. This year, however, the disruptive technologists were playing a more reserved role, while the old media moguls whose power they were supposed to have sapped...

LONDON (AFP) - BBC staff are to stage a two-day strike next week in protest over work being outsourced to India. Members of the Communication Workers Union (CWU) at the BBC's television licensing headquarters in Bristol, southwest England, were to take industrial action on Monday and Tuesday, warning that the outsourcing could lead to hundreds of job losses. More than 100 workers were to strike...

Trinity Mirror has launched five citizen journalism micro-sites as a taster of what could become commonplace across the group's news websites. Michael Hill, Trinity's head of multimedia, speaking at the UCEBirmingham citizen journalism conference today, said that the five sites on the Teesside Gazette were launched at the start of the year. He said 20 volunteers have already agreed to contribute...

CineMaya Media Group, the leading South Asian media, entertainment and advertising company that also publishes the North American edition of Indian Express, has been acquired by Caltas Fitness. 'We are extremely pleased to have been acquired by Caltas Fitness,' said New York-based CineMaya CEO Sunil Hali Wednesday. 'Our company has experienced more than 30 percent growth in each of the three...

WASHINGTON/NEW YORK (Reuters) - The number of planned job cuts in the U.S. media sector surged 88 percent last year and that trend will likely continue as readers shift from print to online services, a study on Thursday showed. For all of last year, the media industry announced 17,809 job cuts, up sizably from the 9,453 cuts announced the prior year, according to the job outplacement tracking firm...

Rupert Murdoch's News Corporation has joined the Chandler family in its bid for Tribune Company, with an eye to taking a stake in New York's Newsday newspaper. Newsday, which is based in Long Island, is one of Tribune's largest newspapers, along with the Los Angeles Times and Chicago Tribune. The media group, which put itself up for sale in September, also includes 23 television stations and the...

NEW YORK (Reuters) - Rupert Murdoch's News Corp. (NWSa.N: Quote) has joined the Chandler family in its bid for newspaper and television station owner Tribune Co. (TRB.N: Quote), a source familiar with the matter said on Tuesday. The source said News Corp.'s participation is considered small and Murdoch's goal is primarily to cut printing and back-office costs at his media conglomerate's money...

NEW YORK, Jan 18 (Reuters) - Time Inc., the top U.S. magazine publisher, will cut 289 jobs from its estimated 11,300 workforce to slash costs as it invests more heavily in Internet properties, the company said on Thursday. The Time Warner Inc. (TWX.N: Quote, Profile, Research) division, which owns properties including Time and People magazines, will cut 117 business jobs and 172 editorial jobs, a...

NEW DELHI -- As India's booming middle class shops, travels and eats out like never before, international glossy magazines are racing to the subcontinent to cash in on an advertising boom. Lured by a growing pool of deep-pocketed readers and advertisers anxious to reach out to India's 300 million-strong middle class, some 10 foreign consumer magazines have launched Indian editions in the past two...

2006 WAS A ROUGH YEAR for four of the top five magazine publishers--as measured by total ad pages. With the exception of Conde Nast, which saw total ad pages at its publications rise 3.5%, all the big names experienced modest or substantial declines. Time Industry leader Time Inc. suffered a 4.8% drop in ad pages, with some of its most important properties stagnant or in decline. Eponymous...