Thursday 1 November 2007

Torstar Q4 profits up 9 percent on newspaper growth

In a time when reports of media companies getting by thanks to their to other businesses offsetting newspaper losses, Canadian media giant Torstar Corp. seems to be the exception to the rule.

The Toronto Star's publisher has reported a 9 percent increase in its fourth quarter profits over last year at the same time, all thanks to gains in newspaper and book publishing, Editor & Publisher reported Thursday.

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DTI launches web-print publishing tool

The newspaper software provider Digital Technology International (DTI) is aiming to unify print and web publishing with a new software tool, PrintWeek reported Thursday.

MediaPool brings print and online publishing closer together, keeping all content together in one database, regardless of where it will end up.

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The Australian introduces WSJ content

The Australian, News Corporation's national newspaper in Australia, will introduce content from the Wall Street Journal, the first deal in a series to bond the leading financial paper closely with the rest of Murdoch's titles.

A branded page of WSJ news will be added to the business section of the Australian from Nov. 1, while selected articles from Dow Jones Newswires and the WSJ will also appear across the paper and its Web site, theaustralian.com.au.

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Study: North American, European mobile ad revenue to exceed $5 billion by 2012

North American and European mobile ad revenue will surpass $5 billion in 2012, up from an estimated $106.8 million in 2007, according to a new study from Opus.

The North American market, primarily the United States, is estimated to account for $2.3 billion of the total in 2012.

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Montreal Gazette to cut staff through voluntary resignations

The Montreal Gazette is looking to cut its number of editorial staff members through voluntary departures.

Publisher Alan Allnutt told staff in a memo Wednesday that the Gazette will offer enhanced severance packages in hopes of attracting employees to depart voluntarily, The Canadian Press reported Thursday.

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Sri Lanka overturns war reporting ban

In a complete about-face, Sri Lanka's government has revoked a ban on reporting troop deployments, proposed military operations and arms procurement, merely hours after news of the censorship was revealed.

The ban, imposed by President Mahinda Rajapaksa, began on Monday, and news of it surfaced Wednesday, Reuters reported.

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Ads in TV, outdoor and Internet strong in China, press in recession

Advertising spending in China has grown almost twofold from US$7.652 million in 2003 to US$14.260 million in 2007, according to a new study “China Online Overview” by eMarketer.

TV, outdoor, and Internet are the medium with strongest growth, while press, including magazines and newspapers, is losing ground in the country's ad market.

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