NewsCorp sees higher profits as subscriptions rise

Profits rose in the past quarter at Rupert Murdoch's News Corp, led by gains in digital subscriptions at the Wall Street Journal and newspapers in Britain and Australia, the company said Wednesday.

NY Times making more from readers than advertising

The New York Times Company said Thursday that its income from readers and subscribers overtook that of advertising for the first time in 2012, as the media group reported a boost in profits.

New York Times offers 30 newsroom buyouts

The New York Times said Monday it was offering buyouts to 30 newsroom managers and other journalists as part of an ongoing cost-cutting drive in a difficult environment for the newspaper industry.

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