The Dutch firm already makes a line of e-book readers and says it will have an innovative color screen ready next year. And its CEO confirms it has talked to News Corp. But there’s no deal yet.
My colleagues over at The Wall Street Journal have been able to convince more than a million people to pay for full access to the paper’s Web site. Can it find even more people who are willing to pay for even more online stuff? We may find out: WSJ.com is contemplating what sounds an awful lot like trade newsletters.
Fox News columnist Roger Friedman loves the new “X-Men” movie with Hugh Jackson. But his employers hate his review, which is based on an unfinished version that leaked to the Web last week. It may cost him his job.
It’s a classic seller’s gambit: Increase prices by cutting supply. The online publishers’ version: Make your ads more valuable by selling fewer ads. That ought to be tough to do on the Web, where the more ad inventory gets created every day. But SmartMoney.com says it’s figured out how to do it.
Zilch. That’s the snap consensus from the Web pundits, who are baffled by Cablevision’s plan to start charging for access to the online version of Newsday, the Long Island daily it overpaid for last year. Will someone please explain what the cable guys are up to?
What happens when you pay a whole lot of money for a newspaper as the newspaper industry is in freefall? You have to make an embarrassing admission to shareholders a year later. Last week, we saw News Corp. go through this exercise when it wrote off half the value of the $5.7 billion it spent on Dow Jones and The Wall Street Journal. Now it’s Cablevision’s turn: The Long Island-based cable company is writing off as much as 70 percent of the $650 million it spent on Newsday last year.
Last year, Rupert Murdoch spent $5.7 billion to purchase The Wall Street Journal. Now the News Corp. CEO is telling shareholders that he paid twice as much as he should have.
Here are some of those cost-cutting measures Rupert Murdoch was talking about during today’s News Corp. earnings call: The Wall Street Journal is laying off 14 people in its editorial group, publisher Robert Thomson announced this afternoon.
Longtime Rupert Murdoch fan Rich Greenfield says he’s worried that money losers like Dow Jones will pull News Corp. down, and cut his rating to “sell.” Perhaps this will cheer him up: The Wall Street Journal is reportedly bracing for layoffs next week.
FiLife, the personal finance site co-owned IAC and Dow Jones, has a new boss. The company has brought in Ezra Kucharz, formerly an executive at online games company Oberon Media and at NBC’s iVillage, as president. He replaces Dave Kansas, a business news veteran. Kansas will stay on as an editor-at-large.
MySpace pushes a pretend candidate to New York publishers and ad agencies. But the company’s real results come a day after election day: On Wednesday, parent company News Corp. will have to tell investors how the giant Web site’s ad sales are performing.
Peter Kafka has been covering media and technology since 1997, when he joined the staff of Forbes magazine. Most recently, he has been the managing editor of the tech and media Web site, Silicon Alley Insider. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
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