Advertisement
Maura McGowan

News Corp. Split Begins

Preliminary trading starts for publishing spinoff

News Corp.'s publishing spinoff began preliminary trading at a value of $9.1 billion, making it "the biggest U.S. newspaper publisher by market capitalization," according to Bloomberg Businessweek. The preliminary trading is…

Rupert Murdoch's Divorce Will Not Affect News Corp. Split

Wendi Deng's daughters with the mogul will have economic, but not voting, stakes

Rupert Murdoch has reportedly filed for divorce from Wendi Deng, his wife of 14 years. A spokesperson for News Corp. confirmed the story in a tweet. The announcement was made for…

WSJ Offers Buyouts to Staff

Number of offers undetermined

Buyouts have been offered to employees of The Wall Street Journal and DowJones Newswires, Romenesko reported, citing a tip from an anonymous Journal staffer. The staffer said he was given one…

Pew Finds Nonprofit News Sites Are "Growing but Fragile"

Study surveys 172 nonprofit sites

The Pew Research Center released a new study on Monday that found that nonprofit journalism is "growing but fragile." While the number of startup nonprofit news outlets continues to grow,…

Chicago Sun-Times Eliminates Entire Photography Department

Reporters will take iPhone photos after mandatory training

A week after the Chicago Sun-Times laid off all 28 of its photographers, the newspaper is training its remaining staff to take photos with iPhones, The Verge reported. "Sun-Times reporters begin…

Politico Adds Editor, Expands Coverage

After paywall addition, news brand reporting goes longform

Politico announced Sunday two big changes: It will be expanding its coverage to include magazine-style stories and opinion from big-name outside contributors; and Susan Glasser, editor in chief of Foreign…

News Corp. Plans Cost-Cutting as Newspapers Are Divested From Entertainment

Nearly half of revenue comes from sources other than advertising

News Corp. chief executive Robert Thomson said cost cuts will be "relentless" as the company's newspaper arm divests from Rupert Murdoch's entertainment assets, Reuters reported. The new News Corp. will debut…

New York Times Goes Native With Citi Bike

CitiBank-sponsored content will run in The Scoop app

The New York Times has added an update to its things-to-do app The Scoop that promotes the new Citibank-sponsored bike-sharing system. The new feature is a map, carrying a "sponsored"…

Newsweek's All-Digital Relaunch Includes Ad Sponsorship Plan

Inspired by NPR, only 1 advertiser per article

Baba Shetty, CEO of The Newsweek Daily Beast Company, has lofty ideas for Newsweek's all-digital relaunch. Formerly an ad exec at Hill Holliday, Shetty will oversee Newsweek's transformation into a…

Bloomberg Apologizes for Reporters' Use of Financial Terminal Data

Treasury and Fed investigating

After Bloomberg disclosed that its journalists used its proprietary financial data terminals to monitor clients and score scoops, the company apologized and the Federal Reserve and Treasury threatened inquiries, The New…

Advertisement