Monday, August 26, 2019

NEWSPAPERS ENHANCING VIDEO CONTENT

August 28, 2012 by · Leave a Comment 

The New York Times and the Wall Street Journal each announced upgrades to their video services on Monday. NYTimes.com was relaunched with a new design, including a larger window for its videos, and a navigation system in which the videos appear in channels based on subjects, including World, U.S., Business, Science, Arts, Opinion, etc. Meanwhile, […]

MARKET SOARS; MEDIA STOCKS SOAR HIGHER

December 1, 2011 by · Leave a Comment 

The Dow Jones Average rose 490 points on Wednesday — up 4.2 percent — but many media stocks soared even higher. While none of them were directly affected by the major driving forces of the upsurge — an increase in hiring by private businesses in the U.S.; word that central banks will cooperate to find […]

NEWS CORP FACES NEW INVESTIGATION

October 14, 2011 by · Leave a Comment 

Rupert Murdoch’s News Corp now faces another investigation following allegations that the European edition of the Wall Street Journal concocted a scheme with a Dutch company to boost its circulation figures and to publish favorable stories about the company in return. In the wake of an apparent breach of ethics — if not the law […]

ANOTHER NEWS CORP SCANDAL EMERGES

October 13, 2011 by · Leave a Comment 

Rupert Murdoch’s News Corp has been forced to defend itself on a second front as the British reporter who broke the News of the World phone-hacking story has followed up with a report that News Corp’s European edition of The Wall Street Journal inflated its circulation figures. The story by Nick Davies of Britain’s Guardian […]

STOCKS FALL; MEDIA STOCKS FALL FARTHER

August 19, 2011 by · 2 Comments 

As the overall stock market experienced another plunge in its recent roller-coaster ride, some investors in media stocks hung on for dear life Thursday. The Dow Jones U.S. Broadcasting & Entertainment Total Stock Market Index fell 4 percent, but media companies that rely the most heavily on advertising revenue plunged far more deeply. For a […]

DISNEY SHARES HIT HARD BY RECESSION WORRIES

August 10, 2011 by · Leave a Comment 

The Walt Disney Company was clobbered by investors today (Wednesday) as its shares tumbled for a time below their 52-week low, dropping 13 percent — the worst percentage decline of any company on the Dow Jones Industrial Average and the S&P 500. Investors largely ignored Disney’s better-than-expected quarterly report on Tuesday showing net income up […]

NEWS CORP SCANDAL HITS U.S. AS WALL ST. JOURNAL CHIEF QUITS

July 15, 2011 by · Leave a Comment 

Les Hinton, CEO of Rupert Murdoch’s Wall Street Journal and the Dow Jones news service resigned today (Friday), becoming the first high-profile casualty in America of the continued scandal stemming from allegations of telephone hacking by the now-shuttered News of the World. Hinton had headed News International, the umbrella group for News Corp’s British newspapers, […]