News Corp., the media company facing an investor uprising over its business practices, was alerted to a plan to inflate circulation at the Wall Street Journal Europe almost a year before the newspaper’s publisher resigned, according to a former employee and internal documents.
The New York Times Co., struggling with shrinking demand for print media and advertising, got a boost from digital subscriptions over the past six months, helping it post a 40 percent increase in weekday circulation.
The two-year-old Wall Street Journal weekend magazine and the newspaper’s daily New York City section are profitable, according to Les Hinton , chief executive officer of News Corp. ’s Dow Jones division.
Australian newspaper sales fell in the first quarter on lack of news, declining consumer spending and tight marketing budgets, the Australian Financial Review reported, citing figures from the Audit Bureau of Circulations to be released today. Out of 25 capital city and national newspapers, sales at only one -- Fairfax Media Ltd.’s Sunday Age -- rose, by 0.5 percent, according to the report. The others had a combined sales decline of 3.1 percent to 20.7 million, the newspaper said.
U.S. consumer magazine circulation completed two straight years of declines, weighed down by sliding sales of Reader’s Digest and Playboy magazines in the first six months, Audit Bureau of Circulations data show.