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Subscribe to Time Warner (NYSE: TWX) Cable and have a kid with a Dora addiction? Get ready to pop in DVDs. Need your daily fix of The Daily Show?
Gannett (NYSE: GCI) flagship USA Today is the latest paper to be sold through Amazon's Kindle. The top-selling U.S. paper has yet to show up in the Kindle Store but Amazon (NSDQ: AMZN) told Kindle subscribers on Christmas morning that they'll be able to download the Dec. 26 edition for free.
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DVD kiosk retailer Redbox, which filed for an IPO in June (and likely won't do it anytime soon with the market conditions) is in a scuffle with Universal Studios, where the NBCU owned company has threatened to cut off Redbox's supplies of movies from its stable, reports WSJ.
Following the ouster of publisher Tom Morrissy this fall, OK! magazine has slashed its cover price 50 cents from $3.49 to $2.99. The price change is effective with the magazine’s year-end “A-list” double issue.read more
At some point, the people who insist About.com is for sale may be right—a stopped clock is right twice a day, too. But while others see it as an asset that could raise money, New York Times (NYSE: NYT) CEO Janet Robinson says About.com is too valuable to the company.
If you're a New York Times Co. executive -- or any newspaper executive, really -- now is not the time you want to be fielding questions from a roomful of banking types. Not without a flak jacket, anyway.
Times Co. CEO Janet Robinson and CFO Jim Follo took the stage at the UBS Global Media and Communications Conference this afternoon, and the questions they received bordered on downright confrontational.
-Yahoo is closing in on a new CEO; former Vodafone CEO Arun Sarin is a leading candidate. [WSJ]
Just because NY Newsday's now owned by a cable company instead of a newspaper publisher doesn't mean it can escape the need to do a round of layoffs. The Long Island daily is the latest newspaper to take out the job ax, as Crain's NY Business says the paper is cutting 100 posts, or 5 percent of its staff.
Finally some bit of good news in the music industry: Warner Music Group (NYSE: WMG) reported its Q308 earnings today, and its income rose to $6 million, or 4 cents a share, from $5 million, or 3 cents a share from the year-ago quarter. Stunningly, analysts were expecting a loss of 2 cents a share, according to data by FactSet.
This ought to please those credit-ratings agencies that have been threatening to reduce The New York Times Co.'s debt to junk -- if not so much the Sulzberger scions. The Times Co. just announced a major reduction in its dividend, from 23 cents a share to a mere 6 cents a share.