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Thursday 17 April 2008 Media General posts first quarter lossBy Leah McBride Mensching, Thursday 17 April 2008 at 23:58 :: General Media General Inc. reported a loss of US$20.3 million (91 cents a share) in the first quarter of 2007, the Canadian Press reported Thursday. Newspaper ad revenue dropped 19.1 percent in the first quarter, while profit in its publishing division fell 56.4 percent on total revenues that were down 16.7 percent. Malaysia shuts down Tamil newspaperBy Erina Lin, Thursday 17 April 2008 at 23:47 :: Press Freedom & Laws The Malaysian government has shut down a paper serving ethnic minority Indians, a punishment for its news editor criticising the government on social and political issues, the Associated Press reported. The Tamil-language Makkal Osai, or People's Voice, received a letter from the Home Ministry on Wednesday, stating that its operating license would not be renewed, according to its news editor B. R. Rajan. NY Times Co. reports revenue lossBy Alexandra Zeumer, Thursday 17 April 2008 at 23:44 :: General The New York Times Company announced it lost US$335,000 in the first quarter of 2007, the Guardian reported Thursday. In the same period the year before, the company posted a $23.9 million profit. Canada’s largest-circulation newspaper to downsizeBy Alexandra Zeumer, Thursday 17 April 2008 at 23:32 :: Labor & Employment Torstar, owner of the Toronto Star, announced it will cut 160 jobs and charge C$21 million in an attempt to reorganise its newspaper division, the Associated Press reported Thursday. The Toronto Star has the highest circulation in Canada. U.S. version of WSJ may sell in EuropeBy Erina Lin, Thursday 17 April 2008 at 23:17 :: Newspaper Data The U.S. version of the Wall Street Journal could be available to other parts of Europe, following its launch in London, the Guardian reported. The U.S. edition of the financial paper began being sold in London for the first time Wednesday as part of News Corp.'s global expansion plans. |
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