Ken Doctor News
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Warren Buffett, the billionaire investor who’s been scooping up newspapers for his Berkshire Hathaway Inc., is looking to an Arkansas publisher as a model for success in the digital age.
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Rupert Murdoch’s choice of Wall Street Journal editor Robert Thomson to lead his publishing spinoff would put the company in the hands of a close lieutenant while underscoring the Journal’s role in setting strategy.
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News Corp., moving ahead with a plan to split into two companies, appointed Wall Street Journal editor Robert Thomson as head of the new publishing entity and said it would call the entertainment-focused business Fox Group.
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Warren Buffett, the investor famous for betting on aging industries like railroads and insurance, is now trying to pull off something other billionaires have tried and failed to do: save the newspaper business.
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Ted Weschler’s first job after college was at chemical maker W.R. Grace & Co. In 2007, six years after the company filed for bankruptcy, his hedge fund held 15 percent of the shares. That’s when he called Joe Rice.
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Washington Post Co., the publishing group part-owned by billionaire Warren Buffett, said second- quarter profit fell 29 percent after revenue from its education business declined.
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The New York Times newspaper, hit by ad declines that have dragged down the entire industry, will make more money this year from subscriptions than advertising for the first time, offering the promise of a return to growth.
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New York Times Co. named Mark Thompson as its next chief executive officer after a nine-month search, turning to a leader who steered the British Broadcasting Corp. through belt tightening and job cuts.
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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.
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Time Inc. Chairman and Chief Executive Officer Jack Griffin is leaving his post, departing the magazine publisher six months after being named to the job.
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