Newsroom spending raises profits: study
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U.S. newspapers that spend more money  on their newsrooms will make more money, according to a study  released on Wednesday, which questioned the wisdom of the media  industry's trend of cutting jobs to save costs.
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By staff writers and wires. KERRY Packer&#39;s Publishing and Broadcasting Ltd today reported a 75.4 per cent rise in annual net profit to $688 million with strong ads growth in its television and magazine divisions
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The New York Times Co  reported higher profit and revenue on Tuesday because of a rise in national advertising and circulation revenue, a contrast to a downbeat earnings season for other U.S. newspaper publishers.
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Local retail and classified advertising is expected to help boost U.S. newspapers' ad revenue in 2005, but the wild card is how much money big companies like mobile-phone providers and film studios spend on advertising, experts say.
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EchoStar Communications Corp. (DISH.O: Quote, Profile, Research) on Tuesday said third-quarter profit rose on an aggressive campaign to add more new subscribers.
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Ad costs hit bottom line but subscriptions grow.
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Tribune Co.  reported a better-than-expected rise in quarterly profit on Thursday helped by an extra week in the quarter that boosted advertising revenue at the company's newspapers.
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British Sky Broadcasting Group Plc, Rupert Murdoch&#39;s UK pay-television company, said fiscal first- quarter profit rose 3 percent as it gained more subscribers than analysts expected.
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By PAUL GORES  Journal Communications Inc. said Wednesday that fourth-quarter profits last year rose almost 40%, aided by an extra week in the quarter.  Net income was $23.4 million, or 33 cents per share, compared with $16.7 million, or 23 cents, in the final period of 2005.
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Gannett Co. Inc.  posted a better-than-expected 3 percent rise in quarterly profit on Friday, boosted by higher advertising demand at its newspapers and a rise in political ad sales at its TV stations.
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Propelled by a boom in political campaign budgets, ad spending in the major media tracked by Nielsen Media Research rose 6.4 percent during the first half of 2004, according to estimates released Tuesday by Nielsen&#39;s Monitor-Plus unit. The automotive ...
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THE REGION The Boston Newspaper Guild, which represents newsroom, advertising, and other employees at The Boston Globe, approved a four-year contract that ties pay raises to revenue increases. The 364-194 vote comes nearly two months after union members rejected an offer that tied raises to revenue but excluded revenue of Boston.com, the paper's online affiliate. The new contract includes online ...
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By Dolbeck, Andrew  The media business is big business. The industry's high potential profits draw investors while high levels of competition drive dealmaking and consolidation.
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Rupert Murdoch&#39;s News Corporation, basking in the glow of its successful shift to the United States, has unveiled a 27 per cent rise in first quarter profit and declared it is on the cusp of a new and more profitable era.
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The Athens Olympics and the US elections boosted total US advertising spending in the third quarter, leaving 2004-to-date spending levels 10.3% above the year-ago level, according to a study released Monday.
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A big jump in new subscribers boosts results.
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News Corp. Chairman and Chief Executive Rupert Murdoch&#39;s pay rose 42 percent to $17 million as television shows such as ``American Idol&#39;&#39; and viewer gains at the FX cable network lifted profit in fiscal 2004.