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Stock Market & Financial Investment News

News Breaks
March 18, 2013
14:44 EDTWPO, NYT, NWSA, PSOWashington Post to join peers with paywall, though fee undecided
The Washington Post (WPO) announced in an email that it will introduce a "paywall" this summer, meaning it will start charging some frequent users of its Web site. The publication will ask those who look at more than 20 articles or multimedia features a month to pay a fee, although the company has not yet decided how much it will charge, it stated. The paper added that its home-delivery subscribers will continue to have free access to all of The Postís digital products and that students, teachers, school administrators, government employees and military personnel will have unlimited access while in their schools and workplaces. The step, which The Washington Post called "modest compared with some other publications," is one the company said it has previously shied away from for fear of driving away readers and online advertisers. The Post noted that other daily publications that charge for content include the Wall Street Journal, which is owned by News Corporation (NWSA), Pearson's (PSO) Financial Times, and the Boston Globe and the New York Times, which are both owned by The New York Times Company (NYT). In afternoon trading, Washington Post shares slipped $2.67, or 0.6%, to $442.03.
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July 11, 2014
11:02 EDTNYTNew York Times Q2 finished below guidance, says Jefferies
Jefferies earlier today said that based on its daily tracking of ad pages, New York Times finished below guidance in Q2 and its Q3 is off to a slow start. Citing weakness in several key categories, Jefferies lowered its Q2 and Q3 advertising estimates for New York Times to down 6.8% and down 5.1% from down 4.1% and down 3.1%. The firm kept a Hold rating on the stock with a $15 price target. Shares of New York Times are trading down 5%, or 67c, to $14.13 in morning trading.
July 10, 2014
07:32 EDTNWSANews Corp. owned HarperCollins looks to bypass Amazon with new site, FT says
News Corp.'s (NWSA) book publishing unit, HarperCollins, relaunched its U.S. website and is now selling books directly to readers, putting it in competition with one of its largest retailers, Amazon.com (AMZN), reported Financial Times. Reference Link

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