Times Newspapers took a smaller hit on redundancy costs at its printing operations, causing losses to be cut in half for the owner of the Times and Sunday Times, the Guardian reported Wednesday.

Pre-tax losses were down 46 percent, at £43.9 million for the year ending June 2007, compared to losses of £81.8 million the year before.

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Fairfax Media is looking to buy a stake in national Indian newspaper The Hindu, an English-language daily, The Australian has reported Thursday.

The Australian cited reports by weekly magazine Business India and business daily Mint, both of which reported Fairfax was discussing the transaction with Kasturi & Sons, owners of The Hindu.

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The New York Times announced Tuesday that it plans to deliver content to the Chumby, a portable, coffee cup-sized wireless device designed for consumers who wish to access a condensed version online, Media Week reported.

The Chumby, designed and launched last year by Chumby Industries, is twice-size of an alarm clock and a mini-multimedia device. Users can use it to view photos, stream videos, and surf on their social networks, among other functions.

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UK regional newspaper publisher Newsquest launched jobs Web site jobSW.co.uk, for the south west of England, HoldtheFrontPage.co.uk reported Wednesday.

JobSW.co.uk aimes to serve job seekers as well as businesses looking to hire. The site also offers information on the main towns and counties within the region.

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MySpace launched a Korean service Tuesday, aiming to penetrate the highly competitive market dominated by local players, officials said.

The service exclusively features "minilogs" tailored to local users, which allows them to make daily jottings, AFP reported.

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