No printed Wall Street Journal. No printed New York Times, or Newsweek or The New Yorker. That possibility grows more by the day. Hearst, which said it would close it Seattle paper, the…
According to Reuters, Obama set out his goals in an address before Congress. Reuters reports that UAW leaders are urging members to vote for the new Ford (F) contract. Reuters reports that…
According to Reuters, JPMorgan (JPM) cuts its dividend. Reuters reports that AIG (AIG) got bids from Met Life and Axa for its life unit. Reuters says that healthcare spending is taking a…
According to Reuters, the US government may take a 40% interest in Citigroup (C). Reuters reports that the Treasury is considering funding options for Chrysler and GM (GM). Reuters reports that a…
Internet display advertising is being challenged by the recession. Traditional media is not the only business being hurt as marketers curtail spending to save money. Barry Diller recently said that the display…
Up until very recently, perhaps as recently as six months ago, the prevailing wisdom among analysts who covered the media industry was that “content is king.” It is an inexact way of…
According to Reuters, Democrats say that the Senate will pass the stimulus bill today. Reuters reports that Moody’s cut Toyota’s (TM) rating for the first time in 10 years. Reuters writes that…
News Corporation Limited (NYSE: NWS) has just reported earnings. You know there is no chance that the company was going to be immune to the major slowdown in advertising and earnings. What…
Douglas A. McIntyre Rupert Murdoch’s News Corp (NWS) has hit a rough patch as the recession erodes revenue at a number of his properties including Dow Jones and his other newspapers. The company’s Fox movie…
Douglas A. McIntyre Pali Research downgrades News Corporation (NYSE: NWS) from buy to sell. Price target lowered to $5.50 from $12, citing lack of strategic direction from Rupert Murdoch. Pali analyst says, "While we have…
Douglas A. McIntyre According to MINOnline, advertising pages in major monthly magazines are down 20% for issues from the first two months of this year. One of the most popular weeklies, The Economist, suffered ad…
Fox Business has been sending us PR alerts off and on for the last several business days. Usually the editors here would find them helpful. We are not allowed to watch financial…
These are some of the top pre-market analyst downgrades we have seen early this Friday morning: ABB (ABB) Cut to Neutral at Goldman Sachs. Barclays (BCS) Cut to Sell at RBS. Corn…
Yesterday, The Washington Post (WPO) and Baltimore Sun said they will start to share content to save money. The newspaper industry’s fortunes are that bad. The Post says that the deal with…
A lot of fairly well-known public companies either disappeared or went bankrupt this year. Circuit City is on the list. Based on the most recent news GM may get added soon. 24/7…
