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Tuesday 31 July 2007 Bancroft family accepts News Corp. dealBy Leah McBride Mensching, Tuesday 31 July 2007 at 20:49 :: Media Ownership The Bancroft family has accepted News Corporation's $5 billion buy-out offer of Dow Jones & Co., a Dow Jones executive announced Tuesday. “The Bancroft family has accepted,” John Prestbo, editor and executive director of Dow Jones Indexes is quoted as telling reporters in Chicago. The publisher of The Wall Street Journal “will be part of News Corp.,” he said. China: media fabricating stories will be punishedBy Leah McBride Mensching, Tuesday 31 July 2007 at 20:48 :: Press Freedom & Laws Following a public health scare in the news, the Chinese government has announced that journalists and media that “fabricate” stories will face severe penalties. The announcement was made by China's three departments that control the media: the Communist Party's propaganda Department, the State Administration of Radio, Film and Television and the General Administration of Press and Publications, Asia Media has reported. The crackdown follows the arrest of Beijing TV journalist Zi Beijia, who is charged with manufacturing a report on cardboard steam buns. Yisrael Hayom hard to missBy Leah McBride Mensching, Tuesday 31 July 2007 at 20:45 :: Editorial Content Monday's first edition of Yisrael Hayom was difficult to overlook, reported the Israeli newspaper Haaretz. “This is not just a newspaper, it is a newspaper with an agenda,” wrote Haaretz's Asaf Carmel. African mobile journalism project launchesBy Leah McBride Mensching, Tuesday 31 July 2007 at 20:44 :: World Digital Media Trends A project with the goal of training, paying and providing advanced mobile phone equipment to African journalists has launched Tuesday in four of the continent's countries. Voices of Africa will begin providing reporters in Ghana, Kenya, Mozambique and South Africa with state-of-the-art mobile phones to help them better do their jobs, capturing stories on the hand-held devices so they can upload them anywhere. Pearson raises revenue outlook despite lossBy Leah McBride Mensching, Tuesday 31 July 2007 at 20:43 :: Newspaper Data Pearson PLC has boosted its revenue growth forecasts for the year, even as it reported losses in the first half due. Losses for the publisher of the Financial Times newspaper and Penguin books are due to the weakening U.S. dollar and the sale of its government-services unit. New York Times and NBC collaborate on election coverageBy Erina Lin, Tuesday 31 July 2007 at 20:39 :: Competition The New York Times is teaming up with NBC News/MSNBC.com for the coverage of the 2008 U.S. presidential election. As part of the collaboration, MSNBC.com will release national political coverage from NYTimes.com, while the Times will have access to NBC’s political news video for publishing and streaming on NYTimes.com in return. Guardian: Cash-for-trash journalism declines in U.S., UKBy Erina Lin, Tuesday 31 July 2007 at 20:37 :: Newspaper Data “The rejection of celebrity-based journalism in Britain with the decline of red-top newspapers is being echoed in the States,” writes The Guardian's Roy Greenslade. One of the popular U.S. supermarket check-out weeklies, Star, is facing problems. According to sources familiar with the magazines, “the title will not make its $1.5 million rate base for the first half of this year, and is considering another rate-base reduction, to as low as $1.2 million, for next year.” |
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