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Thursday 15 May 2008 Comcast buys social networking siteBy Leah McBride Mensching, Thursday 15 May 2008 at 23:53 :: Media Ownership Social networking site Plaxo Inc. announced in a blog post it will be purchased by Comcast Corp., the largest cable operator in the United States, the Silicon Valley/San Jose Business Journal reported Thursday. Although Plaxo CEO Ben Golub did not disclose the selling price, Reuters reported Comcast paid between US$145 million and $175 million. FTM: Newspaper groups look east for helpBy Leah McBride Mensching, Thursday 15 May 2008 at 23:42 :: General As newspapers in North America and Europe suffer dwindling advertising revenue and other financial woes, repaying debts could be in jeopardy, but money from Asian and Middle East investors may be able to help out, according to Followthemedia's Philip Stone. Just as some U.S. and European banks have turned to Asia and the Middle East for cash to ease the pain of the U.S. sub-prime credit problem, the UK-based Johnston Press has also made a similar deal, Stone reported Thursday. Czech free dailies mergeBy Alexandra Zeumer, Thursday 15 May 2008 at 22:50 :: General Metropolitnà Expres ended publication on April 7, as the Czech free daily's operations merged with Czech Metro, Newspaper Innovation reported Thursday. Sixty percent of the Metro shares were purchased by Mafra, the publisher of Metropolitnà Expres, in December 2007. Le Monde staff approves new planBy Alexandra Zeumer, Thursday 15 May 2008 at 22:43 :: Labor & Employment The Le Monde staff is backing a new plan from the paper’s management, thus ending more than a month of chaos at the distinguished French newspaper, the Guardian reported Thursday. Employees voted 81 to one, with seven abstentions, in favour of the measures to minimise compulsory redundancies and to expand the deadlines for staff to take a voluntary redundancy until June 30. Google surpasses Yahoo as most popular U.S. siteBy Erina Lin, Thursday 15 May 2008 at 19:28 :: World Digital Media Trends Google has replaced Yahoo for the first time as the most popular Web site in the United States, according to comScore's rankings based on the number of monthly visitors in April. Google has been the online search leader for a long time, but its audience has trailed Yahoo's when counting all other services including e-mail and photo sharing. Chinese online population skewed to younger, maleBy Erina Lin, Thursday 15 May 2008 at 18:46 :: General According to the 2006 data from China Internet Network Information Center, the online population in China is skewed to male and the younger generation. To break down by gender, more than 58 percent of Chinese online users are male, while only four out of 10 are female. |
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