CHICAGO (Reuters) - The U.S. media industry's top regulator said on Tuesday that newspapers were failing to lend their voices to his drive to relax a decades-old rule barring them from owning broadcast outlets in the same market. Federal Communications Commission Chairman Kevin Martin promised to initiate the process of modifying the so-called cross-ownership rule, but blamed newspaper executives...
The union working with Los Angeles billionaire Ron Burkle to buy 12 newspapers from McClatchy Co. is asking elected officials to lobby the Sacramento company on behalf of labor's effort to acquire the publications. Burkle's Yucaipa Cos., working with the Newspaper Guild-Communications Workers of America, submitted a bid Tuesday on the papers McClatchy is selling as part of its acquisition of...
Business opportunity: Owners sought for profitable hometown newspapers in 11 American cities. Owners will instantly become prominent citizens. Political and economic influence will follow. Great chance to leave a mark on the world. Gary Pruitt, chief executive of the McClatchy newspapers, hasn't placed this ad anywhere yet, but he could. Pruitt's company recently bought 32 newspapers in the Knight...
WASHINGTON - Antitrust regulators are reviewing the McClatchy Co.'s proposed $4.5 billion takeover of Knight Ridder, including its plan to sell 12 newspapers it is acquiring. Although the decision to investigate the proposed deal's effect on competition and prices is fairly routine given its size, the government also apparently is interested in who might buy the Knight Ridder papers McClatchy...
Jerry Yang, one of the co-founders of Internet giant Yahoo, defended the Internet search engine's cooperation with the Chinese government's censorship of the Web, saying it was necessary to reach out to new users, an AFP report said. The report said lawmakers had accused tech giants Yahoo, Google and Microsoft of helping sustain the so-called "Great Firewall of China," which blocked searches of...
Gannett Co. Inc., the nation's largest newspaper chain, said yesterday that it was weighing a bid for some of the 12 newspapers the McClatchy Co. wants to sell after its planned acquisition of Knight Ridder Inc. this summer. Gannett chief executive officer Craig Dubow said he was taking "a hard look" at the newspapers, but would not name any he particularly wanted during questioning by investors...
These men have a streak of obstinate determination to succeed and an indomitable courage to dream. What makes them winners? Subhash Chandra -- arguably new India's first media baron -- comes from a trader family from Haryana who dabbled in various businesses from rice milling and trade to laminated tubes before setting up India's first amusement park Essel World. It was only in the early nineties...
NEW YORK (AdAge.com) -- Google this week launched a beta version of Google Finance, providing financial news and data from partners with long histories in reporting on business, such as Reuters. Why would Reuters, a long-established news authority, want to subsume its brand under Google’s? Easy: No Web site drives traffic like Google. With the Web site’s spare design and flash-friendly features...
PHILADELPHIA (AP) -- A retired publisher of both The Philadelphia Inquirer and Philadelphia Daily News is now a paid consultant for a union-led attempt to buy several newspapers -- some of which are drawing interest from companies tied to Colorado. Bob Hall says a Los Angeles financier working with The Newspaper Guild hired him to represent the union, which includes journalists from newspapers and...
NEW YORK, March 20 (Reuters) - Workers from 12 newspapers that are being sold by McClatchy Co. (MNI.N: Quote, Profile, Research) are pressing ahead with efforts to acquire the papers, which include The Philadelphia Inquirer and San Jose Mercury News, union representatives said on Monday. The newspapers were part of McClatchy Co.'s $4.5 billion deal earlier this month to buy Knight Ridder Inc. (KRI...
