Telegraph.co.uk gained more than 1.6 million new users in November, it's busiest month ever, and recorded traffic growth of more than 100 percent year-on-year.

Audit Bureau of Circulations Electronic figures, published Thursday, show the Telegraph Media Group Web site had 12,800,627 unique users in November, climbing past its rival, Times Online, for the first time.

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Cell phones, desktop computers and digital cameras are the most common digital devices Americans own, according to a survey conducted by Pew Internet & American Life Project.

According to Pew, 73 percent of Americans have cell phones, while 68 percent and 55 percent own desktops and digital cameras, respectively. On the other hands, laptops, iPods or other MP3 players, and Blackberrys are relatively rarely owned – only 30 percent of respondents said that they have laptop computers, while merely 20 and 13 percent said they own iPod/MP3 players or a Blackberry.

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As Sam Zell's $8.2 billion deal to privatise Tribune Co. nears its completion, shares in the media group dropped sharply Wednesday on reports bankers are getting cold feet.

Shares of Tribune plummeted as much as 6 percent in early trading Wednesday. As the noon hour approached, it was trading at $31.92, down 1.39, or 4.17 percent from its opening.

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Network18 and Jagran Prakashan, publisher of the Hindi daily Dainik Jagran, have announced they will embark on an equal joint venture initiative in the business print market.

The two will launch a Hindi business daily for the Indian market in 2008, to be followed by other Indian language dailies that focus on economics and finance.

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The chief executives of Media General Inc. and Gannett Co. lobbied the U.S. Federal Communications Commission to obtain waivers to rules that limit broadcast and newspaper ownership in the same markets.

The FCC approved the waivers Tuesday, which allow Media General to continue running newspapers and TV stations in four markets in the southeast United States, and also allow Gannett to keep assets in Phoenix, Bloomberg reported Thursday.

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The Washington Post Co. will raise the newsstand price of its flagship daily to 50 cents, up from 35 cents, to begin Dec. 31, the Washington Business Journal reported Thursday.

The price increase of the Washington Post is due to decreases in advertising and circulation, the Journal report stated.

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Transcontinental Media announced Thursday is has acquired Italian-language weekly newspaper Corriere Italiano, which serves the Italian-speaking community in Montreal.

Following the acquisition, Canada-based Transcontinental now owns 171 community publications across the country; however, this is the first newspaper to be published in a language other than English or French.

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