International Business News - MNI 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 McClatchy Co. and Christian Science Monitor said Monday they will start sharing stories by their foreign correspondents for publication in print and online for a trial three-month period. http://www.ibtimes.com/articles/20081201/mcclatchy-christian-science-monitor-to-share-copy.htm Mon, 01 Dec 2008 16:23:24 EST 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 McClatchy Co., the nation's third largest newspaper chain, said Wednesday that October revenue fell by 17.8 percent as the slump in print advertising continues to weigh on its business. http://www.ibtimes.com/articles/20081119/mcclatchy-october-revenue-falls-17-8-percent.htm Wed, 19 Nov 2008 19:03:15 EST In a Nov. 12 story, The Associated Press reported that the chief financial officer of Lee Enterprises Inc., Carl Schmidt, said the company likely met its targets for the fiscal year that ended in September. The story should have specified that Schmidt was referring to the company meeting the requirements of its loan covenants rather than its earnings targets. http://www.ibtimes.com/articles/20081113/clarification-lee-earns-preview.htm Thu, 13 Nov 2008 14:06:11 EST Lee Enterprises Inc., publisher of the St. Louis Post Dispatch and other papers, reports its fourth-quarter earnings Thursday. The following is a summary of key developments and analyst opinion related to the period. http://www.ibtimes.com/articles/20081112/lee-4q-revenue-profit-expected-to-tumble.htm Wed, 12 Nov 2008 18:54:58 EST The Kansas City Star announced Monday that it is laying off 50 more employees as it continues paring its staff in what the newspaper's publisher calls "one of the most challenging years in Star history." http://www.ibtimes.com/articles/20081110/kansas-city-star-cutting-50-more-jobs.htm Mon, 10 Nov 2008 16:09:48 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 Fitch Ratings said Monday that domestic media and entertainment companies will likely maintain modest pension liabilities in comparison to corporate cash flows in 2009. http://www.ibtimes.com/articles/20081103/fitch-media-may-keep-modest-pension-liabilities.htm Mon, 03 Nov 2008 12:07:36 EST 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 Among the sector activity stories for Tuesday, Oct. 28, from AP Financial News: COLUMBUS, Ohio (AP)--Shares of several oil companies rose sharply Tuesday amid an overall market rally, despite flat oil prices and a new report that found U.S. consumer confidence plunged to its lowest level in 41 years. http://www.ibtimes.com/articles/20081028/sector-roundup-oil-stocks-solar-cos.htm Tue, 28 Oct 2008 18:36:58 EDT Gannett Co., the nation's largest newspaper publisher, said Tuesday it will lay off another 10 percent of the work force in its local newspapers division as advertising revenue continues to plummet during the economic downturn. http://www.ibtimes.com/articles/20081028/gannett-another-10-pct-job-cut-at-local-papers.htm Tue, 28 Oct 2008 20:40:01 EDT A Citi Investment Research analyst initiated coverage on three newspaper publishers late Monday--placing a "Sell" rating on New York Times Co. and The McClatchy Co., while assigning a "Buy" rating to Gannett Inc. http://www.ibtimes.com/articles/20081028/citi-assigns-sell-ratings-to-nyt-and-mcclatchy.htm Tue, 28 Oct 2008 14:43:58 EDT The Christian Science Monitor said Tuesday it will become the first national newspaper to drop its daily print edition and focus on publishing online, succumbing to the financial pressure squeezing its industry harder than ever. http://www.ibtimes.com/data/articleimgs/161495-newspaper-circ.jpg http://www.ibtimes.com/articles/20081028/christian-science-monitor-to-end-daily-publication.htm http://www.ibtimes.com/articles/20081028/christian-science-monitor-to-end-daily-publication.htm Tue, 28 Oct 2008 16:20:24 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 The holiday grinch is already on his way to newspaper companies, where advertising for the rest of 2008 may match or be worse than an already-disappointing September. http://www.ibtimes.com/articles/20081026/newspaper-companies-face-pressure-from-all-sides.htm Sun, 26 Oct 2008 14:47:54 EDT Newspaper publisher A.H. Belo Corp. said Friday it was imposing a companywide wage freeze and suspending profit-based payments to retirement plans until it returns to profitability. http://www.ibtimes.com/articles/20081024/a-h-belo-imposes-wage-freeze-until-profitable.htm Fri, 24 Oct 2008 17:34:39 EDT A.H. Belo Corp. has a new debt agreement with its lenders. Belo says the agreement gives it more flexibility but will cost the company more in interest. It will restrict dividend payments and cut in half to $50 million the amount it could borrow under the agreement. http://www.ibtimes.com/articles/20081024/a-h-belo-has-new-debt-agreement-with-lenders.htm Fri, 24 Oct 2008 09:03:40 EDT Gannett Co., the nation's largest newspaper publisher, said Friday that its third-quarter profits fell 32 percent as advertising revenue declined, and new job cuts are likely as a result. http://www.ibtimes.com/articles/20081024/gannett-3q-profits-down-32-pct-on-lower-ad-revenue.htm Fri, 24 Oct 2008 18:47:24 EDT