June 2007 Archives

U.S. online advertising and access spending is expected to continue to grow with double digits through 2011, based on the report “Global Entertainment and Media Outlook: 2007-2011” by PricewaterhouseCoopers.

The global entertainment and media industry will bring in $2 trillion in 2011, according a report by PricewaterhouseCoopers.

Worldwide Yellow Pages revenues reached $30.5 billion, according to the report “Global Yellow Pages 2007: The Kelsey Group’s Outlook & Forecast.”

The UK's Channel 4 will partner with Flickr for a reality programme aimed at aspiring photographers beginning June 30.

China's official news agency Xinhua will launch of a real-time financial data service, the agency announced.

China has given Google preliminary approval to provide online content in the country, Google announced Wednesday.

MSNBC released a list today of 144 journalists who donated to political campaigns or causes in the United States from 2004 to early 2007, according to public records of the Federal Election Commission. Those working for newspapers made up the largest number, even though some newspapers have ethics clauses prohibiting or discouraging these types of donations.

In a presentation at the Mid-Year Media Review in New York this week, a statement by Reide Ashe, Media General's chief operating officer, sums up what everyone seems to be saying, “The Internet is no longer an add-on. For many applications such as breaking news or, increasingly, classified advertising, it's now our primary medium.”

The largest newspaper and magazine distributors in the Czech Republic announced today that they made profits in 2006.

The world's largest luxury goods maker, LVMH Moet Hennessy Louis Vuitton SA, entered into exclusive negotiation talks with Pearson Plc to by the French financial newspaper Les Echos.

The board of Dow Jones & Company, which publishes The Wall Street Journal, is taking over negotiations with Rupert Murdoch's News Corporation over the media conglomerate's unsought $5 billion bid to buy the company.

The New York Times Company will increase newsstand and home-delivery prices in July in an attempt to replace lost revenue, as advertisers continue to focus more on the Internet and less on print.

Gannett, the United State's largest newspaper group, saw a 7 percent decline in overall revenue in May, compared to last year, while Lee Enterprises saw a 1.7 percent revenue decline and McClatchy's revenue fell 10.4 percent.

A Dare County judge ordered the town of Kitty Hawk, North Carolina to pay The Outer Banks Sentinel $75,000 to cover legal fees the newspaper racked up as it fought to access government records.