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.
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.
Washington Post Co., the media company partly owned by billionaire Warren Buffett, gained the most in more than a year after broadcast and cable television divisions fueled third-quarter profit growth.
David Einhorn’s $7.7 billion hedge fund Greenlight Capital Inc. disclosed a short position of 4.4 percent in the shares of Daily Mail and General Trust Plc, which publishes the U.K.’s second-biggest selling daily newspaper.
Magazines in the U.S. doubled circulation of digital editions in the first half of the year compared to a year earlier as publishers look to generate online revenue to make up for declining print advertising.