News Corp 's Dow Jones is in talks to buy partner Hearst Corp's half of personal finance magazine SmartMoney , The Wall Street Journal reported on Tuesday. The Journal, which is published by Dow Jones , said the purchase could be announced within days. It said a price could not be

The Reader's Digest Association Inc was able to exit protection in about six months because it negotiated a prearranged reorganisation plan with key lenders prior to entering bankruptcy court. Reader's Digest is still one of the most popular US magazines with a circulation of just over seven

AP The publisher of Reader's Digest says it has emerged from bankruptcy protection with much less debt and a new board of directors. The Reader's Digest Association Inc was able to exit protection in about six months because it negotiated a prearranged reorganisation plan with key

"We are, and have been for quite a long time, the largest newspaper-owned website in the world," said Martin Nisenholtz, the senior vice president for digital operations at the Times. "We intend to remain the largest newspaper-owned website in the world," Nisenholtz said at "paidContent

AFP Top New York Times executives have expressed confidence that a plan to start charging readers of the newspaper's website from next year will not result in a significant loss of traffic. "We are, and have been for quite a long time, the largest newspaper-owned website in the world,"

West Australian Newspapers Holdings Ltd (WAN) has posted a 15.4 per cent fall in first half net profit but says there has been a significant improvement in the underlying financial performance of the business. The media company reported net profit of $49.492 million for the six

The media company reported net profit of $49.492 million for the six months to December 31, down from $58.496 million in the prior corresponding period. Revenue fell 9.7 per cent to $205.109 million. WAN chief executive Chris Wharton said the results were "very pleasing". "We

AFP Hong Kong's English-language daily the South China Morning Post on Tuesday laid off more than 30 editorial staff as part of a restructuring exercise, sources said. In an internal email circulated among staff and seen by AFP, the Post's Editor-in-Chief Reginald Chua said the company...

AFP The Washington Post, in a cost-cutting move, is closing its last three domestic bureaus in the United States, the newspaper reported on Tuesday. The six correspondents in the New York, Los Angeles and Chicago bureaus will be reassigned to Washington but three news assistants will...