French business daily La Tribune Wednesday on its front page accused its owner, luxury goods group LVMH and its chief executive and chairman Bernard Arnault, of putting “The economic press in danger,” its top headline stated.

The newspaper's journalists argued that Arnault “cannot define without checks the new outlook of the French economic press,” MediaGuardian reported.

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Finnish media group SanomaWSOY Tuesday announced in a statement it would stop publishing the print version of the business daily Taloussanomat at the end of the year.

"Taloussanomat has great opportunities in the Internet. We will transfer our resources to the place where the future of financial publishing lies. This is an important strategic decision," said Mikael Pentikäinen, the chief executive of Sanomat, SanomaWSOY's newspaper division, in a statement.

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The U.S. government is changing up media ownership rules for the second time in four years, a move that could end up allow big companies to get bigger, the Associated Press reported Wednesday.

The Federal Communications Commission's Democratic members have accused Republican Kevin Martin, the chairman, of rushing the review process and calling public hearings without enough notice time.

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Pakistan's government will crack down even harder on private press, monitoring 21 national Urdu and English language newspapers, according to a national paper, the Daily Times

This move is to ensure implementation of the newly proclaimed Press, Newspapers, News Agencies, and Books Registration (Amendment) Ordinance, 2007.

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Social networking site Facebook Tuesday unveiled its new advertising programme in New York.

"The next 100 years starts today, and it's going to be different," founder and CEO Mark Zuckerberg said, Media Post reported.

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News Corporation has gone against the wishes of Dow Jones major shareholders the Bancroft family by appointing an opera singer with little media experience to represent the family on its board, MediaGuardian reported Wednesday.

Natalie Bancroft, 27, will join the board after News Corp. vetoed the family's nomination of Michael Hill, an environment scientist and critic of the former management of Dow Jones, according to Reuters. The Bancroft family sold its controlling shares in Dow Jones as part of the $ 5 billion sale. The Wall Street Journal, owned by Dow Jones, reported that News Corp. was unhappy with Hill's activism.

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Four out of five U.S. adults go online now, a new survey has found.

This new Harris Poll, which surveyed 2,062 U.S. adults between July and October, found that 79 percent of adults, or about 178 million, are wired, spending 11 hours a week on average online.

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