Media General, Inc., will divest its one-third stake in SP Newsprint Co., selling its piece to White Birch Paper Company, and use the proceeds of the sale to reduce its debt, SP announced Friday.

Two other equal partners in SP are Cox Enterprises, Inc. and the McClatchy Company. Media General expects to make $37 million to $40 million from the sale after taxes, and will put the funds toward debt repayment, PR Newswire reported.

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The Times will be sold on newsstands in parts of South Africa's Gauteng province beginning in mid-February.

The sister publication of The Sunday Times is delivered daily to about 126,000 Sunday Times subscribers for free, and is expected to retail at R3.50 (about € 0.34) on newsstands, Business Day reported.

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The U.S. adult online population use the Internet more than TV and radio in a day, according to research firm eMarketer.

A U.S. adult online user spends 2.91 hours on average online, another 2.78 hours on TV and only 1.87 hours on radio.

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Although most teens don't follow serious news online, news organisations can cultivate their interest by learning how to catch their eyes, a new study by the Media Management Center at Northwestern University claims.

Other tactics news outlets can use to get the attention of teen readers is to “diminish their angst, go where they are on the Web (and) enlist parents and teachers in the cause and help them develop a 'news persona',” the MMC states in the report's executive summary.

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In order to boost circulation and shore up ad revenues, The Independent is considering a free edition, experts in the media industry told MediaGuardian, according to a report Thursday.

The report however, is "utter rubbish," Editor-in-chief of the Independent Simon Kelner told MediaGuardian. "And I think it's shameful journalism on the part of Guardian Media that you present unsubstantiated gossip as news," he is quoted by the site as saying.

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Time Warner Cable will modify a new pricing structure for high-speed Internet access later this year, charging users based on the amount of data they download, according to a company spokesman Wednesday.

As the second-largest cable provider in the United States, the company will start a trial in Beaumont, Texas. To new online customers, it will sell different tiered levels of service based on how much data they download per month, not the fixed-price with unlimited downloads as usual.

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New regulations announced earlier this week by the Canadian Radio-television and Telecommunications Commission (CRTC) that aim to limit cross-ownership of newspapers, television and radio and limit media consolidations are most likely to hurt mid-sized media companies and those looking to sell shares to the public, the Financial Post reported Friday.

Privately-held CTVglobemedia (owner of The Globe and Mail), Torstar Corp. (The Toronto Star) and Corus Entertainment Inc. could all fall victim to the new policy, according to an informal survey of analysts, the Post stated.

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Danish investor Morten Lund has bought a 51 percent stake in Icelandic holding company Dagsbrún Media.

The company publishes Danish free newspaper Nyhedsavisen, from Baugur Group.

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