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Tuesday 21 August 2007 Reuters to buy research firm StarMineBy Leah McBride Mensching, Tuesday 21 August 2007 at 23:05 :: Media Ownership Media giant Reuters Group Plc announced Tuesday it will buy San Francisco-based investment research group StarMine for an undisclosed amount. The British media group, which is being taken over by Canadian publishing company Thomson Corp., said StarMine's analytics will be added to its Reuters Knowledge product. Google purchases Tianya stake in Chinese Q&A siteBy Erina Lin, Tuesday 21 August 2007 at 23:04 :: Media Ownership Google has acquired a stake in Tianya Club, one of China's largest online forums, the site announced Monday. The size of the stake was not disclosed. This deal apparently links to a new Chinese Q&A community site, Wenda, which is a joint venture between the two. Its format will be similar to the retired Google Answers, or the Russian Otvety, which resurfaced earlier this year. Tribune shareholders approve deal to go privateBy Leah McBride Mensching, Tuesday 21 August 2007 at 23:01 :: Media Ownership Voting to approve the company's $8.2 billion plan to go private, 97 percent of Tribune Co. shares were cast Tuesday morning in favor of Chicago real-estate mogul Sam Zell's buyout plan of $34 per share. The Chicago media holding company has bought half the company's outstanding shares at the $34 price tag, and although shareholders have formally approved the deal, Wall Street speculators are skeptical the deal will even go through. Study: Des Moines paper tops in market penetrationBy Erina Lin, Tuesday 21 August 2007 at 23:00 :: Circulaton & Distribution The Des Moines Register tops the list of newspaper penetration for both daily and Sunday readership (based on DMA) in the United States, according to a new Scarborough Research. The Iowa newspaper has an almost 50 percent reach on a daily basis. The Richmond (Va.) Times-Dispatch, The Honolulu Advertiser and The Post-Standard (Syracuse, N.Y.) follow, all reaching more than 39 percent of adults, the study found. Free Dublin newspaper slides in circulationBy Leah McBride Mensching, Tuesday 21 August 2007 at 22:58 :: Newspaper Data Due to lower demand resulting in a reduction in its print run and distribution points for the summer months, free Dublin newspaper Herald AM dropped 23 percent in circulation during July. Media buyers expect a return to more normal levels beginning in September. Times-Union of Jacksonville will lay off 60 employeesBy Erina Lin, Tuesday 21 August 2007 at 22:56 :: Labor & Employment The Times-Union of Jacksonville, Fla., will lay off 60 workers across several departments, but not in the newsroom, according to the paper’s report today. Publisher Carl Cannon said that the reason for the layoffs, announced on Monday, is “nearly a year of declining revenue from real estate advertising.” Nokia launches mobile news portal in IndiaBy Leah McBride Mensching, Tuesday 21 August 2007 at 22:54 :: World Digital Media Trends Nokia has launched its second Vernacular news portal in India, in association with one of the country's foremost media groups, Bhaskar Group. The news portal will be accessible anywhere, and available in four languages: Hindi, Malayalam, Gujarati and English. |
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