Date

Fri - 20.10.2017


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Germany's largest newspaper is aiming to expand through the power of citizen journalism, The Associated Press reported Tuesday.

In a partnership with Bild newspaper, German grocery chain Lidl, will sell a basic digital camera in hopes citizen journalists will contribute images.

"We can't cover everything," Michael Paustian, a managing editor for the 3.3 million daily newspaper told the AP. "We think it is an advance for journalism."

The camera is about pocket-sized, and priced at €69.99 (US$88.47). With 2 gigabytes of memory, software and a USB port, it allows contributors to upload photos or videos directly to Bild. Users can also upload the files directly to video site YouTube, the AP reported in the article posted by the International Herald Tribune.

The goal is not to get exclusive content, but to encourage camera owners to seek the widest exposure for their work, said Bild Spokeman Tobias Fröhlich.

Bild already has an existing "citizen journalism" programme, and the new camera launch is hoped to help streamline it. The programme brings in thousands of photos by e-mail and text message every day, and 9,000 images have been published since 2006, Fröhlich told the AP.

The paper might pay for top-quality images it publishes, or hold a weekly contest for the best content submitted, said Fröhlich. Details will be worked out after evaluating demand for the cameras, which hit the hit Thursday.

Author

Erina Lin

Date

2008-12-04 12:35

Free daily The Washington Examiner will close its printing plant, outsourcing that work to two independent plants by the end of January, the Baltimore Business Journal reported Tuesday. The move also means 101 people will lose their jobs.

Examiner Publisher Michael Phelps said the outsourcing is being done to reduce costs and increase the number of full-colour pages being printed.

The Washington, D.C., newspaper is owned by Philip Anschutz's Clarity Media.

Phelps said in a statement on the newspaper's Web site that it is not possible financially to upgrade the current printing plant, the Business Journal reported. Printing will be outsourced into two printing plants, one in Frederick and the other in Harford County.

Author

Alexandra Zeumer

Date

2008-12-04 01:54

Editors from about 30 newspapers will visit CNN headquarters in Atlanta this week to learn more about the cable news network's wire service, CNN Wire, The New York Times reported Sunday. The service has been available for almost a month in trial version form, and the network hopes the less expensive service will attract some of the Associated Press's clients.

The CNN Newspaper Summit is "kind of a get-to-know-you," Jim Walton, president of CNN Worldwide, told The New York Times. "The reality is we don't have a lot of relationships with newspapers."

CNN will have to "convince editors that it can offer something that is well outside its broadcast expertise -- which may not be a tough task given the dire circumstances newspapers face. In addition, a number of newspapers are unhappy with the cost of the AP," The New York Times article states. The AP is a non-profit corporation, owned by about 1,400 member newspapers.

Several newspapers have announced they will leave the AP because the cost is too high. However, CNN Wire would also compete with services such as Bloomberg News and Thomson Reuters.

Author

Leah McBride Mensching

Date

2008-12-01 11:18

SFN Blog staffers will be taking a break Thursday and Friday for Thanksgiving, and will return Monday.

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Author

Leah McBride Mensching

Date

2008-11-26 20:44

After being for sale for almost eight months, Lycos Europe has acknowledged that no one wants to buy the portal, and announced Wednesday it will close its Web hosting and portal activities, and begin stripping its assets and putting those on the auction block.

The company is still planning to sell its shopping sites, Danish business and domain names, and will have to pay €50 million to its shareholders this year. Between 500 and 700 people will also lose their jobs.

The plans will not be made final until approval at the Lycos shareholder meeting on December 12 in Amsterdam, the company said in a statement.

Lycos "had been losing money at a particularly chronic rate in the last two years," paidContent reported. "Emblematic of the state of affairs, Lycos Europe last year paid Lycos Inc $5.2 million to renew its license to use the brand name, while entering the U.S. itself under a completely different name, Jubii."

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Author

Leah McBride Mensching

Date

2008-11-26 20:28

Former financial columnist for the St. Petersberg (Florida) Times took an early retirement in August and together with a former colleague has created a financial advisory firm, the Sarasota Herald Tribune reported Tuesday.

Helen Huntley and Rhonda Holifield, the Times' former business news editor, launched Holifield Huntley Financial Advisers in St. Petersburg, and after only a few months, the Huntley is managing about US$4.3 million of the firms $27 million in assets.

Holifield Huntley offers financial planning in sectors including college, retirement, income taxes and divorce settlements. Investment management services include risk management, asset allocation and quarterly portfolio reviews, according to the Herald Tribune.

Huntley is already beginning publicity for the firm, and the Herald-Tribune reported that she is scheduled to speak at a seminar in St. Petersburg titled “How Thinking Like A Reporter Can Make You A Better Investor.” Huntley wrote her personal finance column for the Times for more than 20 years.

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Author

Alexandra Zeumer

Date

2008-11-26 20:14

Growth in Internet ad spending has greatly slowed down, according to eMarketer, which just cut its revenue expectations for 2009, Media Week reported.

Online ad spending will increase by 8.9 percent to US$25.7 billion next year, as the economy has eriously impacted all media segments. However, eMarketer predicted in August, before Wall Street's meltdown, that spending would boost by 14 percent in 2009.

The good news is that spending growth should gradually be back to a healthy level over the next several years, according to eMarketer - 10.9 percent in 2010 and 13.5 percent in 2013 - though still lower than eMarketer's recent forecast, as the ad recovery needs to take longer than expected, Media Week reported.

In recent years, search has been online's strongest spot, and it should gain a even larger share of ad dollars over the next few years as display ads suffer, according to Media Week. eMarketer predicted that in 2009 search will rise by 14.9 percent to $12.3 billion, although it's much lower than the growth rate this year of 21.4 percent.

Search will have its share of online ad revenue up from 45 percent this year to 48 percent in 2009 due to slowdown on other segments.

Display advertising is expected to increase only by 3.9 percent this year and 6.6 percent next year, to $4.9 billion, Media Week reported.

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Author

Erina Lin

Date

2008-11-26 19:08

Fairfax Media seems to be uninterested in buying stake in APN News & Media, owner of The New Zealand Herald, NZPA reported, according to the article posted on The National Business Review.

Besides the Herald, APN also publishes the Listener, a range of regional newspapers in New Zealand and Australia. It is also the half owner of NewstalkZB stable The Radio Network.

"We don't have any intentions with APN and we won't be part of the (sale) process," said Fairfax Chief Executive David Kirk, according to Fairfax paper The Dominion Post. "There were no assets (in APN) that we were particularly seeking."

Kirk also ruled out the possibility of Fairfax buying The New Zealand Herald alone. "Fairfax wanted to retain an investment grade rating and spare cash would go to pay debt as a priority," he said, according to the article posted on NBR.

Fairfax Media's shares traded at $AU1.33 ($NZ1.59) Monday, down from about $AU4.50 at the beginning of the year. "Fairfax would not be remotely interested in raising equity for an acquisition with such a low share price at present," Kirk said, according to NBR.

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Author

Erina Lin

Date

2008-11-25 23:29

Social networking site Facebook will not be acquiring micro-blogging utility Twitter, AFP reported Monday. Discussions between the two sides started in mid-October, but the deal fell apart almost three weeks ago after disagreements over the US$500 million that Facebook offered to pay.

Both companies said the proposal was an "all-stock offer" that was based on the $15 billion valuation that Facebook attained after Microsoft bought a 1.6 per cent stake in the firm for $240 million in October last year.

According to an article written on AllThingsD.com posted Monday, Twitter thought the figure was steep and that the shares should be valued lower in order to correspond to Facebook's true valuation, which is more likely in the $5 billion area. The venture would be priced at $150 million in that case, but would be "too low" because it would not be coming from cash but from Facebook stock, according to AllThingsD.

Twitter investors and management were "reluctant" to sell since they may have been hoping to establish a profit model for the utility, which may be popular but is still missing revenue flow, AFP reported.

"Facebook has its own revenue-generating challenges," a person close to the firm told AllThingsD. "As much as Twitter would give them a lift in the status area, it was still a worry."

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Author

Alisa Zykova

Date

2008-11-25 19:01

New York Times Co. shares on Friday plummeted after the company axed its quarterly dividend by 74 percent and said there will unlikely be no immediate relief in ad revenue downturns, MarketWatch reported Friday.

NYT stock fell 7 percent and on Friday closed at US$5.32, but earlier that session fell to a new 52-week low of $4.95. The stock has fallen more than 80 percent in the past three years.

The company announced on Thursday that it cut its quarterly dividend to 6 cents a share, down from 23 cents, MarketWatch reported.

“Coupled with our other actions, (the cut) will help us decrease debt and improve the liquidity of the company,” said Arthur Sulzberger, New York Times Co. chairman, according to MarketWatch.

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Author

Alexandra Zeumer

Date

2008-11-25 17:54

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