Saying that time for a negotiated solution is running out, the European Union is preparing to complain to the World Trade Organization about China's restrictions on financial news from foreign providers, Bloomberg News reported Tuesday.

EU Trade Commissioner Peter Mandelson has written the proposal for the WTO to initiate a “dispute settlement procedure” over strict Chinese measures that affect “the supply of financial information services to China,” according to a European Commission document.

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Kicking of Super Tuesday today in the United States, Metro editions around the world are using CNN content for the U.S. elections. Some content will even be exclusive for Metro, Newspaper Innovation reported Tuesday.

Super Tuesday is the day when nearly half the states in the United States participate in primary elections, selecting delegates to national conventions, where presidential candidates for each party are officially nominated.

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Herald Media, which publishes The Korea Herald and The Herald Business, announced Monday that Hong Jung-wook, its chairman, chief executive officer, publisher and largest shareholder, is resigning.

In naming a new publisher and CEO, the company is focusing on striking balance of separation between ownership and management, as well as management and editorial, The Korea Herald reported Tuesday. Hong's replacement, “will be named soon,” the article stated.

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The UK Competition Commission may weigh in on the sale of eight Trinity Mirror titles to Dunfermline Press Ltd. over concerns of competition restriction, as the Scottish firm would have control over the only two newspapers in the Eton, Windsor and Slough area if the sale goes through, HoldtheFrontPage reported Tuesday

The Office of Fair Trading has asked Dunfermline to address the competition concerns with a series of “satisfactory undertakings,” which will determine whether the OFT refers the sale to the Competition Commission.

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The total U.S. podcast audience reached 18.5 million in 2007, and will increase 251 percent to 65 million by 2012, according to research firm eMarketer.

Of the expected 65 million strong audience, 25 million will be “active users,” who tune in at least once a week.

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Should Microsoft and Yahoo make a deal, it would obviously transform the online ecosystem. However, before news that Microsoft was after Yahoo went public, there were few signs that Microsoft Chairman Bill Gates was about to make an acquisition that would transform the company and pose a threat to Google, writes James Robinson, of The Observer.

To compete against Google's biggest competitor, Microsoft and Yahoo have talked about forming an alliance before, but Yahoo's flagging share price has now given Microsoft an opportunity to buy it outright. If the bid goes successfully, it would bring a competitive edge in cyberspace to the software market giant.

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MothersClick.com has acquired MothersGroups.com and has also launched a new portal of mom-centric and parenting Web sites, the company announced Monday.

The acquisition of the domain strengthens the company's online assets and casts a wider net for their target audience. MothersClick is a subsidiary of the ParentsClick Network, which currently owns more than 150 parenting-related domains, according to a company statement.

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News Corporation Chairman and CEO Rupert Murdoch used Monday's earnings call to reiterate how well the subscription model has worked for the Wall Street Journal's Web site, and also mentioned expanding free content for the site.

Although some more content, such as opinion, will come out from behind its paid wall, “the bulk of the Journal's core business coverage will remain behind the subscription wall,” PaidContent reported.

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