Posts tagged 'Newspapers'

The WaZos era

Jeff Bezos knows all about running a business with low margins, where booming profits are merely a distant goal, and where building market share is the reigning, but quite easily forgotten, task.

Today he bought a newspaper. Read more

50 shades of public interest

This is one for the list of things you intuitively know, but have never bothered to fully formulate: the “issue-attention cycle” as laid out by Anthony Downs in a 1972 issue of The Public Interest. It describes how a society travels from blissful ignorance to intense interest about a topic, only to smack into cruel reality and then transition to boredom or indifference. Read more

A Murdoch out of the UK newspaper biz…

NEW YORK–(BUSINESS WIRE)–News Corporation today announced that, following his relocation to the Company’s headquarters in New York, James Murdoch, Deputy Chief Operating Officer, has relinquished his position as Executive Chairman of News International, its UK publishing unit. Tom Mockridge, Chief Executive Officer of News International, will continue in his post and will report to News Corporation President and COO Chase Carey…

“I deeply appreciate the dedication of my many talented colleagues at News International who work tirelessly to inform the public and am confident about the tremendous momentum we have achieved under the leadership of my father and Tom Mockridge,” said James Murdoch. “With the successful launch of The Sun on Sunday and new business practices in place across all titles, News International is now in a strong position to build on its successes in the future. As Deputy Chief Operating Officer, I look forward to expanding my commitment to News Corporation’s international television businesses and other key initiatives across the Company. Read more

Buffett buys his local newspaper

Berkshire Hathaway is to buy the local newspaper read by Warren Buffett, in spite of his longstanding view that the press faces a future of dwindling profits. The FT reports Mr Buffett on Wednesday announced the purchase of the Omaha World-Herald Company, which operates several daily and weekly titles across Omaha and south-west Iowa. Berkshire will pay $200m, including the assumption of debt, according to the newspaper. Mr Buffett began warning on the economics of the newspaper industry as early as 1991, but on Wednesday he said the World-Herald “delivers solid profits and is one of the best-run newspapers in America”. The investment follows another recent departure from a longstanding industry view by Mr Buffett, who last month disclosed a 5.5 per cent stake in IBM worth $12bn, his first big investment in a technology sector that he had shunned in the past as too complex and opaque.

Sky falls in — takes News Corp with it [updated]

Shares in BSkyB down around 4 per cent-plus at pixel time. Is there an arbitrage trader left in this thing?

 Read more

It’s the end of the World as we know it

But seriously, shares in Trinity Mirror up more than 10 per cent on the death of the Sunday Mirror’s biggest rival?

Daily Mail and General Trust shares were up 2.37 per cent, while Johnston Press was up 4.76 per cent. Read more

UAE vs NewsCorp

The leaders of the United Arab Emirates don’t take too kindly to criticism, according to a report by  Zawya Dow Jones:

The Sunday London Times newspaper was removed by authorities from shelves in the United Arab Emirates on Sunday amid intensive reporting of Dubai’s debt problems, an executive at the paper said. Read more

Reading the news flow

Deflation, deflation, deflation, Deflation, deflation, deflation, Deflation, deflation, deflation, Deflation, deflation, deflation, Deflation, deflation, deflation, Deflation, deflation, deflation, Deflation, deflation, deflation, Deflation, deflation, deflation…

That is vain attempt to bend the results of this consulting service -  the ASR Newsflow Monitor from Absolute Strategy Research.  Vain because FT Alphaville does not populate the Factiva news database used by ASR to monitor positive and negative media stories on everything from corporate earnings to monetary policy. Read more