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Biz Stone, the co-founder of popular microblogging site Twitter, is eager to harness the vast quantities of information that it helps its users share to create a news network, he told Reuters Monday.
A Twitter news network would not necessarily be run by Twitter itself but would be in partnership with several existing news organizations, and would be open, Stone said. Get the full story »
Dow Jones & Co. and the Chicago-based financial news service Briefing.com have agreed to a settlement of a copyright lawsuit, in which the latter has admitted to misappropriating “hot news” and headlines for its website.
Briefing.com agreed to pay an unspecified sum to Dow Jones, a unit of Rupert Murdoch’s News Corp, and admit to liability for infringing Dow Jones’ copyrights in published articles. Dow Jones called the payment “substantial.” Get the full story »
Rupert Murdoch’s News Corp. has put on hold ambitious plans to create a subscription online newsstand, after failing to attract enough interest among other news organizations, a person familiar with the plan said.
The owner of the Times of London, Fox News and the Wall Street Journal will reassign the staff working on “Project Alesia,” which aimed to charge readers for a bundle of newspaper and magazine digital content.
The source said News Corp was unable to reach a “critical mass” of publishers to support the plan. Get the full story »
The New York Times Co. said Wednesday it expects to show a loss for the third quarter, with newspaper advertising still in decline.
Unlike the prior quarter, the Times Co. said that growth in digital ad sales will not make up for declines on the print side. Making matters worse, the company expects a drop in revenue from subscription and newsstand sales. Get the full story »
