The newspaper business is booming in much of the world, as new newspapers are springing up in developing countries, gaining both readers and advertising money, the International Herald Tribune reported Monday.

Despite difficulty in the newspaper industry in North America and Europe, circulation is rising in the double-digits at existing newspapers in Africa and much Asia, and new newspapers “are springing up from Rwanda to Tajikistan,” the IHT article states.

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U.S. cable television group Cablevision announced it is buying New York-based Newsday for US$650 million, beating out Rupert Murdoch's bid of $580 million, BBC News reported Monday.

Mort Zuckerman, owner of the New York Daily News, also bid $580.

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The International Newspaper Marketing Association is changing its name to the International Newsmedia Marketing Association, to “reflect the evolution of its member newspapers and lead the newspaper industry toward its multi-media future,” INMA said in a statement, Editor & Publisher reported Monday.

The board of directors of the Dallas-based organisation voted unanimously May 6 to make the change.

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As part of a newsroom reorganization, the London Evening will be putting an end to the position of media correspondent, the Guardian reported Monday.

Amar Singh, the last to hold the position, started at the paper in 2005, and has been promoted to senior reporter as the media role was axed.

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Facebook has raised US$100 million (£51 million) to expand its server capacity in order to deal with an explosive growing numbers of users.

The social networking site is borrowing $100 million from the venture loan company TriplePoint Capital to finance the plan, Media Guardian reported.

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Social network users in Europe will reach 107.4 million in 2012, up from 41.7 million in 2007, according to Datamonitor.

The UK is expected to be the biggest grower in social networking over the next five years, up from 9.6 million users in 2007 to 27.1 million in 2012.

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Homes in Singapore will be wired with a fibre optic link, hooking them up to broadband, the Straits Times reported Friday.

In as early as two years, the Fibre To The Home (FTTH) technology promises faster broadband access for all homes in Singapore.

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The E.W. Scripps Co. board has approved a plan to separate its media company into two public companies, to begin July 1, the Associated Press reported Friday.

Completion of the plan must still meet government regulatory approval.

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Google cares about copyright protections, and operates consistently with copyright law, Josh Cohen, Google News content specialist told the Toronto Star in a Q&A Friday.

Speaking at the 2008 Canadian Newspaper Association/Canadian Community Newspapers Association conference in Toronto, Cohen “delivered a message of peace and partnership,” Toronto News reporter Brett Popplewell reported Friday, telling the audience that although news content is “bigger than it's ever been ... how people are getting it is going through tremendous change.”

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Lower valuations for U.S. metro dailies have unfairly led to lower prices of small-market papers, according to the CEO of community newspaper publisher GateHouse Media Inc., Editor & Publisher reported Friday.

Newspapers' market valuations have “spilled too much into the small-market newspaper industry,” CEO Michael E. Reed said in a conference call with analysts. “What that means is there’s a fantastic opportunity in that space.”

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The Sun-Times Media Group said Wednesday its shares are expected to be delisted from the New York Stock Exchange because its price doesn't meet the minimum, the Chicago Tribune reported.

The publisher of the Chicago Sun-Times and other newspapers in the area disclosed in late March that the NYSE had notified it that its shares were in danger of being delisted.

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Guardian News & Media has revealed more information on its plans to combine the newsrooms of the Guardian, Observer, and guardian.co.uk as it closes in on the goal to become a 24/7 multimedia operation by the end of the year, when it moves to its new location at Kings Place, the Guardian reported Friday.

The Web site and two newspapers will keep their own executive management teams, and the Observer will also retain its news desk and team of news reporters, as well as its editing operation, magazines and separate features department.

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China will own the biggest share of broadband per household in Asia throughout 2010, while Japan and South Korea are expected to lose shares gradually, consulting firm PricewaterhouseCoopers has forecast.

In 2004, China owned 40 percent of overall broadband households in Asia Pacific, while Japan and South Korea accounted for 27 percent and 21 percent, respectively.

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As News Corporation Chief Executive Rupert Murdoch gave thanks to strength in his Australian businesses Thursday, he also kept an eye trained on New York newspaper Newsday.

News Corp. is sticking with its US$580 million bid for Newsday, the Chicago Tribune reported Thursday.

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Seoul's first free afternoon paper celebrated its first year in business last week, Newspaper Innovation reported Thursday.

The City has a circulation of 400,000, while total circulation of free newspapers in Seoul is about two million.

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