Robert Christie News
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Mark Thompson, the newly installed chief executive officer of New York Times Co., testified at an internal inquiry by the British Broadcasting Corp. into why it canceled a news report about alleged sexual abuse at the broadcaster, raising concerns of a cover-up.
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The British Broadcasting Corp., the 90-year-old media organization that runs U.K.’s most-watched TV channels, was urged by the head of its supervisory body to embark on a “radical overhaul” after errors surrounding a sexual-abuse investigation forced its director general to quit.
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British Broadcasting Corp. Director General George Entwistle quit his post last night, less than two months after being appointed and fewer than two weeks after a BBC television report falsely implicated a former senior politician with sexual abuse of a child.
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The New York Times Co. and the union representing employees at its flagship newspaper have reached a tentative agreement after more than 18 months of negotiations.
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A trader paid $600,000 to protect against losses in New York Times Co. shares yesterday ahead of the newspaper publishing company’s earnings report next week.
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New York Times Co., after losing $7 billion in market value since 1999 amid plummeting industry advertising sales, is better positioned than ever to go private as Mark Thompson takes the reins.
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New York Times Co. has been working to fix about 200 glitches in the technology for charging online readers of its namesake newspaper, just weeks before the project is scheduled to debut, said a person familiar with the matter.
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New York Times Co. surged as much as 10 percent in late trading after an investor group said it may make an offer to acquire the company’s Boston Globe.
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New York Times Co. sold more than half its stake in Fenway Sports Group, owner of assets including the Boston Red Sox and the Liverpool Football Club.
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New York Times Co. shares rose to an almost four-month high today amid speculation Carlos Slim, the Mexican billionaire who already owns about 7 percent of the newspaper publisher, increased his stake.
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