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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.
News For WPO;NYT;NWSA;PSO From The Last 14 Days
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July 30, 2014
14:51 EDTNWSANews Corp. considering app-based news service, FT says
News Corp. is working on an app-based news service and will decide in the next few weeks whether to launch the service, which would combine original reporting with repurposed content from its properties, said Financial Times, citing people familiar with the matter. Reference Link
July 29, 2014
08:45 EDTNYTNew York Times sees Q3 total circulation revenues flat vs. last year
Sees Q3 total advertising revenues to decrease in the mid-single digits compared with last year. Sees Q3 operating costs and adjusted operating costs to each increase in the low- to mid-single digits compared to last year. Sees Q3 CapEx $40M-$50M. Sees Q3 net interest expense $53M-$57M, Sees Q3 depreciation and amortization $75M-$80M. Sees results from joint ventures to amount to a loss of $1m-$3M in Q3.
08:34 EDTNYTNew York Times reports Q2 circulation revenue $209.8M
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08:32 EDTNYTNew York Times reports Q2 adjusted EPS from cont. ops. 7c, consensus 9c
Reports Q2 revenue $388.7M, consensus $390.46M

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