International Business News - MEG http://www.ibtimes.com All articles are copyrighted by IBTimes.com 400 100 http://www.ibtimes.com/ http://www.ibtimes.com/images/top_logo_ibt2_3.gif The New York Times Co. is slashing its quarterly dividend by 74 percent amid a worsening advertising slump, a move that will save the company money but also curtail the income of the Sulzberger family, the controlling shareholders of the storied newspaper publisher. http://www.ibtimes.com/articles/20081120/new-york-times-co-slashes-dividend-by-74-percent.htm Thu, 20 Nov 2008 21:04:39 EST Media General Inc. said Thursday that its October revenue dropped 5.8 percent as ongoing publishing ad sales declines offset increased interactive revenue and political ad sales. http://www.ibtimes.com/articles/20081120/media-general-oct-sales-falls-on-publishing-woes.htm Thu, 20 Nov 2008 09:34:04 EST Standard & Poor's said late Wednesday that it will make multiple changes to both its S&P MidCap 400 and S&P SmallCap 600 indices after the market closes Friday. http://www.ibtimes.com/articles/20081120/s-p-adds-new-companies-to-midcap-smallcap-indices.htm Thu, 20 Nov 2008 07:17:36 EST Among the stock activity stories for Wednesday, Nov. 19, from AP Financial News: NEW YORK (AP)--Flextronics International Ltd.'s shares plunged Wednesday to their lowest level since 1997 after analysts cut their expectations for the company's third quarter. http://www.ibtimes.com/articles/20081119/movers-roundup-flextronics-nuvasive.htm Wed, 19 Nov 2008 17:52:00 EST Shares of New York Times Co. and Media General Inc. slumped to their lowest point in decades Wednesday after an activist hedge fund that holds seats on both companies' boards limited its interest in the newspaper publishers. http://www.ibtimes.com/articles/20081119/ny-times-media-general-fall-on-harbingers-moves.htm Wed, 19 Nov 2008 19:51:41 EST The Tampa Tribune is shedding more of its newsroom staff, laying off 18 employees, including a longtime columnist and the editorial page editor. Monday's cuts are part of a staff reduction across Media General Inc.'s Florida Communications Group, and the latest in an industry plagued by declining circulation and advertising revenues. http://www.ibtimes.com/articles/20081111/tampa-tribune-lays-off-18-newsroom-employees.htm Tue, 11 Nov 2008 10:08:49 EST Shares of media companies traded mostly lower Wednesday as softness at Time Warner Inc.'s magazine unit and a lowered outlook by the company and Time Warner Cable Inc. weighed on investors' minds. http://www.ibtimes.com/articles/20081105/sector-snap-media-falls-on-time-warner-outlook.htm Wed, 05 Nov 2008 14:11:47 EST Continued reductions in advertising revenue contributed to an 86 percent decline in third-quarter profits at The Washington Post Co. and widened losses at the Belo newspaper chain, the companies said Friday. http://www.ibtimes.com/articles/20081031/ad-sales-drop-squeezes-3q-earnings-for-post-belo.htm Fri, 31 Oct 2008 18:17:43 EDT The Washington Post Co. said Friday its third-quarter profit tumbled 86 percent, hurt by reduced revenue at its namesake newspaper and an accounting charge that reflects the declining value of its smaller papers. http://www.ibtimes.com/articles/20081031/washington-post-profit-falls-on-impairment-charge.htm Fri, 31 Oct 2008 11:26:45 EDT Lee Enterprises Inc., struggling like all other newspaper publishers from plunging revenue in a weakening economy, said Thursday it was suspending dividend payments and paying higher interest rates to gain more flexibility with lenders. http://www.ibtimes.com/articles/20081030/lee-enterprises-suspends-dividends-as-ads-weaken.htm Thu, 30 Oct 2008 17:47:50 EDT Shares of newspaper companies were mixed Wednesday after the Federal Reserve slashed a key interest rate by half a percentage point in hopes of reviving the economy. http://www.ibtimes.com/articles/20081029/newspaper-companies-traded-mixed-after-rate-cut.htm Wed, 29 Oct 2008 15:06:58 EDT Circulation at most of the top 25 U.S. newspapers was well below last year in April through September. Here is each paper's current weekday circulation, the change from 2007, its Sunday circulation and the change. http://www.ibtimes.com/articles/20081027/circulation-falls-at-most-of-top-25-us-newspapers.htm Mon, 27 Oct 2008 13:59:11 EDT Circulation at the nation's daily newspapers is falling faster than anticipated this year as readers continue their migration to the Internet and papers narrow their distribution to cut costs. http://www.ibtimes.com/articles/20081027/newspapers-see-4-6-pct-circulation-drop.htm Mon, 27 Oct 2008 17:23:45 EDT Gannett Co., the nation's largest newspaper publisher, reports earnings for the third quarter before the market opens Friday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20081023/earnings-preview-gannett-co.htm Thu, 23 Oct 2008 17:53:54 EDT The New York Times Co. bucked an industry trend Thursday and reported September advertising revenue that didn't fall as badly as it had since June. Ad revenue at the Times' news media properties dropped 14.1 percent last month compared with September 2007. Although the fall is steeper than the 10 percent decline during the first five months of the year combined, it's better than the 15.9 percent reduction in August and the nearly 18 percent drops in both June and July. http://www.ibtimes.com/articles/20081023/september-ad-drop-at-ny-times-bucks-industry.htm Thu, 23 Oct 2008 11:17:14 EDT The New York Times Co. reports earnings for the third quarter before the market opens Thursday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20081022/earnings-preview-new-york-times-co.htm Wed, 22 Oct 2008 13:24:45 EDT Newspaper publisher McClatchy Co. said Tuesday that declines in its advertising revenue picked up pace in September as the ad market took a beating from the ongoing credit crunch and other economic woes. http://www.ibtimes.com/articles/20081021/mcclatchy-saw-worst-ad-drop-all-year-last-month.htm Tue, 21 Oct 2008 10:49:38 EDT McClatchy Co., the owner of The Miami Herald, The Sacramento Bee and other newspapers, reports earnings for the third quarter before the market opens Tuesday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20081020/earnings-preview-mcclatchy-co-3q-earnings.htm Mon, 20 Oct 2008 10:22:08 EDT Among the earnings stories for Thursday, Oct. 16, from AP Financial News: NEW YORK (AP)--Winnebago Industries Inc. said Thursday it swung to a fourth-quarter loss and suspended its quarterly dividend as volatile gas prices, slumping consumer confidence and tight credit markets sent demand for motor homes tumbling. http://www.ibtimes.com/articles/20081016/earnings-roundup-winnebago-media-general.htm Thu, 16 Oct 2008 19:34:25 EDT Media General Inc. said Thursday it has begun negotiations with its lenders on changing the terms of its loans, joining many other newspaper companies looking for new agreements to help them avoid technical default. http://www.ibtimes.com/articles/20081016/media-general-renegotiating-debt-terms-with-banks.htm Thu, 16 Oct 2008 15:38:31 EDT