The South Wales Argus could see 21 job cuts if parent company Newsquest closes its printing plant in Newport and switches to overnight publishing, HoldtheFrontPage reported Tuesday.

Executives at Newsquest, one of the largest regional newspaper publishers in the United Kingdom, are in talks with staff over whether to make the move, as currently only the Saturday edition of the Argus is printed overnight.

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Advertising revenue declined 8.6 percent in 2007 for U.S. newspapers, much worse than the 1.7 percent decline in 2006; and it's only going to get worse, as that decline is expected to accelerate even more in 2008, JP Morgan analyst Imran Khan predicts.

However, the declines in print mean positives for online search and display advertising, which newspaper Web sites need to take advantage of to lessen the pain from ad revenue hemorrhaging, he said, according to a Tuesday report by Follow the Media.

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A new bilingual newspaper featuring equal coverage in both English and Chinese languages hit the streets in Singapore Tuesday.

my paper, which was originally launched as a Chinese-language freesheet two years ago, has been re-launched to include unique English-language content that is not just a translated version of the Chinese content. Two teams of journalists, one producing Chinese-language content and one producing English-language content, now file separate reports, The Straits Times reported Monday.

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Following an industry-wide trend aimed at trimming operating costs, a smaller Chicago Sun-Times hit the streets today.

The tabloid is now about an inch shorter, at about 12-inches tall, and is part of the company's efforts to cut operating costs by $50 million in 2008, said Tammy Chase, Sun-Times spokeswoman.

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Two Australian businessmen have purchased a controlling interest in Cambodia's Phnom Penh Post, The Australian said.

The Post's new owners are Ross Dunkley and mining entrepreneur Bill Clough. Dunkley’s company, Myanmar Consolidated Media, publishes the Burmese government mouthpiece Myanmar Times, Burma's first private newspaper.

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Print media companies will be able to own broadcasting companies and vice versa, the Korean presidential transition team announced Tuesday.

Lee Dong-Kwan, spokesman of the team, said that the next government will have alternative legislation, which will replace the current Newspaper Law and give print media companies more autonomy.

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Although mobile is one of the fastest growing consumer technologies, a majority of advertisers have yet to catch on and tap into it as an important advertising medium.

The latest research on what agencies and advertisers are planning for the future indicates that they aren't catching on to mobile, and won't be utilising it anytime soon, MediaPost reported Tuesday.

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Newspaper companies are optimistic about their ability to capture the time and interest of a new generation of readers, no matter what media channel the young prefer, according to a new report from the World Association of Newspapers.

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