Recently by Erina Lin

HT Media Ltd., publisher of Hindustan Times in India, peaked in almost two years in Mumbai trading as its unit planned to raise 3 billion rupees ($66 million) through an initial public offer, Bloomberg reported.

News Corp.'s Wall Street Journal will have a new section focusing on New York area news in April, Chairman and Chief Executive Officer Rupert Murdoch said in a speech before the Real Estate Board of New York, Bloomberg reported.

The move is aimed to compete against The New York Times on local readers and major advertisers, according to paidContent. Even though Murdoch did not mention by name, he said "a certain other New York daily has essentially stopped covering the city the way it once did and instead has focused on being more of a national newspaper interested mostly in prizes."

The Washington Post Co. announced Wednesday that its fourth-quarter profit increased to $82.2 million, or $8.71 a share, more than quadruple year-over-year. This gain is mostly due to a big reduction in accounting charges and the strong growth of its education division and the cable television business. The newspaper division was profitable after cutting employees, according to the Associated Press article posted on The New York Times.

Global newspaper advertising revenues totalled $105.8 billion in 2003, or 28.3 percent of the total advertising spending, according to PriceWaterhouseCoopers LLP. Internet, including wired and mobile, only accounted for $12.6 billion, or 3.4 percent in that year, SFN's World Digital Media Trends 2009 reported.

Net income totaled 14.9 million zloty, or US$5.1 million, up from a net loss of 30.7 million zloty a year earlier, the company statement said.