International Business News - Times 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 New York Times Co. expects the planned closure of its New York-area distribution operations in January 2009 to cost $48 million to $53 million, according to an amended Securities and Exchange Commission filing on Tuesday. http://www.ibtimes.com/articles/20081202/new-york-times-expects-charge-of-up-to-53-million.htm Tue, 02 Dec 2008 18:24:27 EST Journalists are known for their gallows humor, but the editorial cartoon in The Seattle Times a few days before Thanksgiving was downright disturbing. http://www.ibtimes.com/articles/20081201/end-of-the-line-for-a-cartoonist.htm Mon, 01 Dec 2008 15:11:31 EST Sun-Times Media Group Inc. said Wednesday it made a regulatory filing asking shareholders to reject an investor proposal to replace its board. Davidson Kempner Capital Management LLC, which with its affiliated entities owns about 5.9 percent of Sun-Times Media Group, is seeking to remove all but one member of the company's board and replace them with Davidson's four nominees. http://www.ibtimes.com/articles/20081126/sun-times-asks-holders-to-reject-dissidents-plan.htm Wed, 26 Nov 2008 19:36:24 EST A Thanksgiving ago, many of us were fretting over delays at the airport, our holiday season shopping lists, even things like whether to get another Botox injection or a new set of wheels. http://www.ibtimes.com/data/articleimgs/182520-detroit-meltdown-thanksgiving.jpg http://www.ibtimes.com/articles/20081126/some-share-the-bounty-this-bleak-thanksgiving.htm http://www.ibtimes.com/articles/20081126/some-share-the-bounty-this-bleak-thanksgiving.htm Wed, 26 Nov 2008 17:03:21 EST Shares of New York Times Co. rose Monday as an analyst welcomed the newspaper publisher's dividend cut, saying it will help the company's funding needs over the next four quarters. http://www.ibtimes.com/articles/20081124/analyst-upgrades-following-ny-times-dividend-cut.htm Mon, 24 Nov 2008 11:18:30 EST A Deutsche Bank North America analyst cut New York Times Co.'s price target Friday after the newspaper publisher slashed its quarterly dividend by 74 percent. http://www.ibtimes.com/articles/20081121/ahead-of-the-bell-ny-times-price-target-cut.htm Fri, 21 Nov 2008 07:34:57 EST The New York Times Co. said Thursday that total revenue in October fell 9.4 percent from a year ago, as the advertising slump worsened. Advertising revenue, which comprise nearly two-thirds of total revenue, fell by 16.2 percent while circulation revenue rose by 3.9 percent, with increases at The New York Times, and the New England and regional media groups. http://www.ibtimes.com/articles/20081120/new-york-times-october-revenue-falls-9-4-percent.htm Thu, 20 Nov 2008 20:14:30 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 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 Sun-Times Media Group Inc. said Tuesday its chairman of the board, several board members and its chief financial officer are all leaving their posts, and the embattled publisher is looking into restructuring its board. http://www.ibtimes.com/articles/20081118/sun-times-media-says-chairman-cfo-leaving.htm Tue, 18 Nov 2008 21:06:10 EST The New York Times Co. said Monday it is closing its quarterly sports magazine, Play, to cut costs and focus on other Sunday insert magazines such as its weekly travel publication, T, in a falling ad market. http://www.ibtimes.com/articles/20081117/n-y-times-closes-quarterly-sports-magazine-play.htm Mon, 17 Nov 2008 19:39:09 EST Bonnie Rabin is fond of saying that divorce lawyers are a bit like liquor stores. They're busiest in the really good times, and the really bad. These, of course, would be the bad times. http://www.ibtimes.com/articles/20081117/in-bad-economy-breaking-up-is-even-harder-to-do.htm Mon, 17 Nov 2008 16:06:58 EST Commuters nationwide found out during Wednesday's morning rush hour that the wars in Iraq and Afghanistan had ended and global warming, health care spending and the economy's problems were on their way to being solved. http://www.ibtimes.com/data/articleimgs/173714-ny-times-spoof.jpg http://www.ibtimes.com/articles/20081112/prank-ny-times-all-the-news-we-hope-to-print.htm http://www.ibtimes.com/articles/20081112/prank-ny-times-all-the-news-we-hope-to-print.htm Wed, 12 Nov 2008 20:02:06 EST A second major shareholder of the Sun-Times Media Group is calling for the ouster the head of the embattled publisher, while asking the company to also replace members of its board. http://www.ibtimes.com/articles/20081110/sun-times-shareholder-calls-for-board-changes.htm Mon, 10 Nov 2008 21:04:09 EST Jean Snyder lived, as they say, a good, long life. A native of Indianapolis, the young woman with a quick wit and artistic flair graduated from high school in 1941 and worked as a retail clerk. In 1945, she married her sweetheart Bill after an 11-day, whirlwind romance that began beneath the star-covered ceiling at the Indiana Roof Ballroom. Eventually, they cashed in the equity on their home to open a successful service station. A few years later, Snyder gave birth to their only child, a girl. http://www.ibtimes.com/articles/20081110/this-is-how-america-lives-and-dies.htm Mon, 10 Nov 2008 16:37:20 EST The New York Times Co. has increased its estimates for how much The Boston Globe and other New England newspapers it owns have declined in value because of reductions in advertising revenue. http://www.ibtimes.com/articles/20081110/new-york-times-takes-charge-for-new-england-papers.htm Mon, 10 Nov 2008 19:09:20 EST The Sun-Times Media Group Inc. posted a narrower loss in the third quarter on Thursday and said in a letter to shareholders it'll undertake more cost-cutting measures, potentially job cuts, as ad revenue continues to drop. http://www.ibtimes.com/articles/20081106/sun-times-narrows-3q-loss-to-cut-more-costs.htm Thu, 06 Nov 2008 20:31:48 EST The gentleman put on his finest white shirt, dark, pressed trousers, his Sunday shoes. Only it was a Thursday, and Jim Christensen needed not a pastor, but a banker. At age 61, he was about to lose his restaurant. http://www.ibtimes.com/articles/20081104/small-town-banker-a-source-of-calm-wisdom.htm Tue, 04 Nov 2008 08:32:24 EST The Seattle Times is making the year's third round of staff cuts. The newspaper told its employees by e-mail Monday morning that the tough economy and dropping advertising revenue are forcing it to lay off more people. Officials declined to say right away how many jobs would be eliminated, though specifics were to be announced Monday. http://www.ibtimes.com/articles/20081103/seattle-times-announces-third-staff-cut-this-year.htm Mon, 03 Nov 2008 16:11:04 EST The third-largest shareholder in the Sun-Times Media Group Inc. on Friday called for the ouster of Chief Executive Cyrus Freidheim Jr. and the replacement of most of the board to enact "dramatic steps" to turn the company around. http://www.ibtimes.com/articles/20081031/sun-times-shareholder-demands-ouster-of-ceo.htm Fri, 31 Oct 2008 19:17:45 EDT