Media News - Friday, April 18, 2008

US version of WSJ may sell in Europe

The US version of the Wall Street Journal could be rolled out to other parts of Europe following its launch in London. The US edition of the financial paper went on sale in London for the first time Wednesday as part of new owner News Corporation's global expansion plans. It is being sold alongside the 25-year-old European edition of the US business bible, the Wall Street Journal Europe. Les Hinton, the chief executive of the Journal's parent company, Dow Jones, which became part of News Corp in December, suggested the US edition could become available across Europe. The two versions would go ‘hand in hand’, Hinton said last night at a party to celebrate the European edition's 25th anniversary. He said the Wall Street Journal Europe would continue to meet a ‘specialised and local need’, while the US version would attract a loyal core of readers in London ‘and I hope eventually other financial centres in Europe’. With a UK print run of 3,500, the Wall Street Journal US edition costs GBP 2.50 and is available at 250 newsagents across central London and the capital's airports, five hours ahead of publication in the US. (The Guardian)

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Thomson Reuters begins life as financial information giant

Thomson Reuters began life on Thursday as a leading provider of financial data to trading floors worldwide alongside US rival Bloomberg. Canada's Thomson Corp completed its purchase of British-based media and information group Reuters in a deal agreed last year worth GBP 8.7bn (EUR 11.5bn). Thomson Reuters will retain its Reuters brand, which was founded more than 150 years ago and is a global news and photo agency. Reuters also deals in financial market data to clients such as investment banks and brokerages around the world. Thomson Reuters on Thursday also unveiled its logo - consisting of concentric circles of orange dots - with the tagline ‘Knowledge to Act.’ The new company will have 32.27 percent of the financial information and data market, compared with Bloomberg's 32.73 percent, according to 2007 data compiled by research group Inside Market Data. According to a separate industry estimate given last year, Thomson Reuters was to have 34 percent of the market, compared with Bloomberg's 33 percent. (AFP via The Tocqueville Connection)

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AP introduces new copyright licensing tool for online content

The Associated Press (AP) is to adopt a new copyright protection system for online users of its content. The organisation, which already uses tracking service Attributor to find unlicensed use of its content online, has signed a deal with online copyright rights service iCopyright to create a web-based licensing system for AP content. Links directing users to the iCopyright service will feature at the top and bottom of every AP-hosted story, the company has said. The links will give AP content users the option to email content, request copies, purchase photos or publish to their own websites. The new feature will also guide users through the appropriate licensing arrangement or payment process for aggregating content. News sites will be encouraged to add these links to AP stories on their own websites to promote an industry-wide standard for online copyright protection, Mike O'Donnell, founder and CEO of iCopyright, said. (Journalism.co.uk)

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New York Times Co. posts first-quarter loss

The New York Times Company, the parent of The New York Times, posted a USD 335,000 loss in the first quarter — one of the worst periods the company and the newspaper industry have seen — falling far short of both analysts' expectations and its USD 23.9m profit in the quarter a year earlier. The company's main source of revenue, advertising in print and online, fell 10.6 percent, the sharpest drop in memory, as the industry suffers the twin blows of an economic downturn and the continuing long-term shift of readers and advertisers to the Internet. The poor showing stemmed from The Times Company's core news media group, which includes The Times, The Boston Globe and the International Herald Tribune, as well as several regional newspapers. Across the industry, newspaper ad revenue — print and online, combined — fell almost 8 percent last year, the second-worst decline in more than half a century, according to the Newspaper Association of America. (International Herald Tribune)

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French TV broadcaster TF1 sues YouTube: report

France's largest commercial broadcaster, TF1, has filed a lawsuit against the video-sharing site YouTube and is seeking damages of EUR 100m, the website of French business daily Les Echos said on Wednesday. A YouTube spokesman quoted by the newspaper said the suit had been received a few days ago in California but would be judged in Paris. A TF1 spokesman declined to comment on the report. YouTube, acquired by Internet giant Google in 2006, is facing a USD 1bn copyright infringement suit from entertainment group Viacom that accuses it of profiting from clips from Viacom shows illegally uploaded by YouTube users. (Reuters)

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UAE gets new English-language daily

A new Abu Dhabi-based English-language daily was launched in the United Arab Emirates on Thursday by a 200-strong editorial team headed by a former editor of Britain's Daily Telegraph. Appearing initially from Sunday to Friday, The National is the latest addition to the Abu Dhabi Media Com (ADMC) stable. Its editorial staff includes people who formerly worked on such publications as The New York Times, The Wall Street Journal, The Times and The Daily Telegraph. The 80-page National is the first English-language daily in oil-rich Abu Dhabi, capital of the seven-emirate federation. The UAE already has four other English dailies - Gulf News, Khaleej Times, Emirates Business 24 and 7Days. (AFP)

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