A news aggregator startup announced on Wednesday it has received 12 million dollars in funding from The Washington Post, The New York Times and USA Today publisher Gannett Co.
The New York Times Co. said Wednesday it expects revenue to fall up to three percent in the current quarter as print advertising revenue continues to slide.
Shares in The New York Times Co. soared on Wednesday on a resurgence of rumors that Mexican billionaire Carlos Slim may increase his holdings in the newspaper giant.
US newspaper advertising revenue fell 5.55 percent in the second quarter of the year, but the rate of decline slowed in a dose of relatively good news for the embattled industry.
Top technology and media executives wrapped up a three-day conference in Aspen, Colorado, during which they grappled with -- and left unresolved -- the question of whether readers will pay for news online.
USA Today owner Gannett said Friday that net profit surged in the second quarter on a strong performance from its television and digital properties and an improved print advertising climate.
(AP) -- Gannett Co., the largest U.S. newspaper publisher, is partnering with Yahoo Inc. to sell local online advertising. It's a deal that could help Gannett boost revenue as its traditional print business declines.
Publisher Newsmax Media said Thursday it has pulled out of the running for Newsweek, as the deadline expired for bids for the magazine.
(AP) -- Good news for the news business: Companies are paying newspapers and magazines up to five times as much to place ads in their iPad applications as what similar advertising costs on regular websites.
The Associated Press on Thursday reported a 65-percent drop in net profit last year as the struggles of the US newspaper industry also took a bite out of the bottom line of the US news agency.