News Corp. (NASDAQ: NWS) takes a $2.85 billion write-down, mostly on its publishing properties, as it prepares to spin them off. (Reuters) Standard Chartered pushes back on allegations about money laundering, portraying…
The New York Times Company (NYSE: NYT) has confirmed that it is in discussions regarding the sale of its About.com unit. The confirmation is on earlier reports that the newspaper and media…
Jon C. Ogg Make no mistake about it. Best Buy Co. Inc. (NYSE: BBY) founder and former chairman Richard Schulze played a major role in the ruin of the retail chain, which took about two years, before he made…
wikicommons / SkimstaMany American companies have been lauded for their rapid rise to greatness, a process that sometimes takes less than a decade. These firms become leaders in their industries, are renowned…
Jon OggThese are some of the top analyst upgrades, downgrades and initiations seen in Wall Street research calls this Monday. AK Steel Holdings Corporation (NYSE: AKS) named Bear of the Day at…
The display advertising industry, shaken by the falling prices it can get for its online ads, has taken to showing full-page marketing messages at websites. These blot out all of the content on website pages,…
Nothing kills a business quite so fast as when its most critical products become commodities. And the list of industries with this problem is growing. Even the price of homes has fallen victim…
The argument goes that if News Corp. (NASDAQ: NWS) spins off its print businesses, they will be unable to keep their editorial costs at current levels. Some of the properties in this…
Spain’s borrowing costs continued to be unsustainable a day after Moody’s downgraded 28 banks based there. The yield on three-month paper was 2.362%. It was 3.23% for six-month bonds. The rates were…
When Janet Robinson, former CEO of the New York Times Company (NYSE: NYT), left in December with a $23.7 million severance package, the news firm said it would find a new CEO. Bloomberg reported…
Douglas A. McIntyre Newspapers from Detroit to New Orleans have cut their delivery schedules to three or four days a week to save production costs. Their publishers reason that people will read their content on…
Douglas A. McIntyre Publicly traded companies, by definition, have many shareholders. The company’s management is supposed to be accountable to those shareholders. As it turns out, however, in some cases shareholders have limited power, and in…
Editor’s Note: The New York Times reports that one of TIME, Inc.’s big three weeklies, which include TIME, People, and Sports Illustrated, will lay off a number of employees. According to NYT.com,…
Warren Buffett may be the only newspaper owner in American who wants to support the business. In addition to his ownership of daily newspapers in Omaha and Buffalo, he recently bought a…
It is no secret that the newspaper business has not been a good sector over the last decade. Subscriptions declined about as fast as the number of smokers did in the 1990s. …
