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Monday 19 May 2008 AOL completes Bebo acquisitionBy Leah McBride Mensching, Monday 19 May 2008 at 23:54 :: Media Ownership Tim Warner Inc.'s AOL unit announced Monday it has completed its purchase of social media network Bebo, Business Week reported. AOL agreed to buy Bebo in March for US$850 million. Schibsted to buy 35% of MetroBy Leah McBride Mensching, Monday 19 May 2008 at 23:45 :: Media Ownership Norwegian media group Schibsted will buy 35 percent of free Swedish newspaper Metro and end publication of its free newspaper Punkt SE, Metro's rival, Monsters & Critics reported Monday. The deal would cost Schibsted SEK 350 million (US$35 million), and must be approved by competition authorities in Sweden. INC debate: Free newspapers viable in India?By Leah McBride Mensching, Monday 19 May 2008 at 23:24 :: General The third session of the Indian Newspaper Congress 2008 held a debate on how viable the country's market might be for free newspapers, as many parts of the world are seeing huge growth in the freesheet sector, exchange4media reported Monday. “Newspaper is a serious tool for dissemination of news. It has distribution and production costs to it. We have to decide whether a free newspaper would give news or whether it would be a product that is selling other products,” Hormusji Cama, publisher of the Bombay Samachar, told the Congress Friday. Lancashire Evening Post features talking newspaperBy Leah McBride Mensching, Monday 19 May 2008 at 22:58 :: World Digital Media Trends The Lancashire Evening Post will soon celebrate the one-year anniversary of its special Talking Newspaper Service, serving visually-impaired visitors to its Web site, according to the Post. The audio version of selected top stories, posted on lep.co.uk, launched June 4 last year. Online newspapers in Australia surge, print remains stableBy Erina Lin, Monday 19 May 2008 at 21:37 :: Online/Digital Publishing Readership of online newspapers in Australia is surging while print editions are moving marginally up or down, according to The Age. The most popular online news sites in the country are smh.com.au, ninemsn news and theage.com.au, which saw the average number of monthly unique browsers grow 66 percent, 21 percent and 56 percent, respectively, in the first quarter of this year compared with the same time in 2007, according to Nielsen NetRatings. Fairfax joins online search ad joint ventureBy Erina Lin, Monday 19 May 2008 at 21:09 :: Advertising Fairfax Media hopes to get a slice in the booming Internet search market by acting as a middleman between the search engines and small advertisers, The Age reported. The media company has begun a joint venture with Web site domain name registrar Melbourne IT, to resell pay-per-click advertising for searches on Google, Yahoo and other search engines. |
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