Rupert Murdoch will celebrate his News Corporation's takeover of Dow Jones & Co. with a massive $2 million advertising campaign to appear in newspapers around the globe tomorrow.

“Today the greatest brand in financial journalism joins up with the world's most restless global media company,” the ad will state, according to a report by MediaGuardian today.

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The chairman of the U.S. Federal Communications Commission is standing firm against pressure from U.S. lawmakers who want him to delay the vote next week on the new media ownership rule that, if passed, would eliminate a ban that does not allow a broadcaster to own a newspaper in the same city in the 20 largest markets in the United States.

FCC Chairman Kevin Martin and four of his commissioners were questioned today at an oversight hearing before the Senate Commerce Committee.

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Manchester Business, Crain’s new weekly business newspaper for Manchester, will launch its first issue in print and online on Monday.

The 32-page paper, owned by American publisher Crain Communications, will have an initial, controlled print of 15,000 copies, and another 3,000 will be available on newsstands across the ten boroughs of Greater Manchester. Cover price is set at £2.

The paper will come out again on 7 January, 14 January, and become weekly from 4 February.

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Bebo is collaborating with Facebook on an application development platform which works across both sites.

Web developers and businesses now can build their own small Web tools for Bebo using a set of code offered by the site.

According to the deal, Bebo's Open Application Platform is compatible with the code used on Facebook, meaning that applications built for one only needs minor changes to work on the other.

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The new fund-raising association Press and Pluralism will be launched Wednesday in France to allow individual and group investors to donate to press companies.

For the past five years, daily newspaper publishers and global news magazine publishers in the country have been requesting this type of funding system.

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Viacom Inc.'s Paramount Pictures is foregoing a traditional theatre release to experiment with online film release for its new film, “Jackass 2.5.”

The new film will be available only on Blockbuster's Web site, allowing viewers to watch the free streaming video, and make it available to buy on DVD beginning Dec. 26.

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