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Economic turmoil takes its toll on Hollywood (Reuters)

LOS ANGELES (Hollywood Reporter) - Conventional wisdom dictates that Hollywood could always shrug off economic downturns because worried consumers spend more on entertainment when times are tough. Spielberg's new DreamWorks is...

Daily Telegraph editor replaced

David Penberthy, editor of the Daily Telegraph, has been replaced by former Bulletin editor-in-chief Garry Linnell. Mr Penberthy became editor in 2005. News Ltd chairman and chief executive John Hartigan described Mr Linnell as...

MySpace China Looks for Answers after Setback - BusinessWeek

As MySpace continues to struggle in China, a country with 250 million Internet users, major changes are in store for the company Fox News Corporation Founder Rupert Murdoch and wife Wendi Deng and a splash screen from...

Roy Greenslade: Murdoch the villain in London freesheet war

It's time for a sensible compromise in the great London freesheet war. Both the Daily Mail & General Trust, with London Lite, and News International, with thelondonpaper, are wasting millions with their daily giveaway...

China Ends Foreign News Rules

By JOHN W. MILLER and JAMES T. AREDDY China resolved a key dispute with its principal trading partners Thursday by agreeing to repeal a regulation requiring western news services to disclose sales data and other confidential...

A Bailout Plan For U.S. Newspapers

Tongue & Cheek Lobbying Innovations LLC Greets the Obama Administration with a call for financial aid on behalf of endangered newspapers TO: Senior executives at U.S. newspaper companies FROM: Tongue & Cheek Lobbying...

‘Sesame Street’ Invades Hulu, iTunes, YouTube

Sesame Street, a puppet-based children’s show that’s run on Public Broadcasting Service-affiliated stations for nearly forty years, joins more contemporary offerings on sites like iTunes, Hulu and YouTube, will feature over 100...

Dow Jones plans job cuts

Dow Jones & Co., the news and information provider bought by News Corp. last year for $5.2 billion, is cutting jobs and reducing costs in its enterprise media group to cope with the economic slowdown.

UPDATE 1-Quadrangle Group closing media-focused hedge fund

By Paul Thomasch NEW YORK, Nov 13 (Reuters) - Quadrangle Equity Investors, a hedge fund that concentrates on media and communications stocks, will wind down its business after losses and investor redemptions, according to...

Aussie shares snap back

Australian stocks have rebounded this morning after overnight markets posted sharp gains and commodities values firmed. The Australian dollar also rallied, gaining 3 US cents to trade 5% higher at 66.6 US cents one day after...