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Meredith CEO on the hunt for more TV stations

By Jennifer Saba NEW YORK (Reuters) - Media company Meredith Corp plans to aggressively grow its local TV station group through acquisitions that could eventually lead to a spin-off, the company's chief executive officer said in an interview with Reuters on Monday. "We are putting together a hit-list of (TV) properties and working with owners," CEO Stephen Lacy said.

Rogers folds PROFIT magazine into Canadian Business; to be published monthly

TORONTO, Cananda - Rogers Media (TSX:RCI) says two of its publications, Canadian Business and Profit, are being combined into one. It says the new magazine, which will keep the Canadian Business moniker, will launch on Jan. 16 and be published monthly. The publication will include a special section each month of content usually seen in Profit magazine, which was aimed at entrepreneurs. The magazine will have a projected readership of more than a million, says Rogers.

Australian job advertisements dip in November: ANZ

SYDNEY (Reuters) - Australian job advertisements in newspapers and on the Internet dipped slightly in November, a sign of stabilization after falling for much of the past three years. A survey by Australia and New Zealand Banking Group <ANZ.AX> showed total job advertisements dropped a seasonally adjusted 0.8 percent in November from October, when they were down 0.1 percent. The average number of job ads per week was 125,762, down 10.3 percent on the same month last year.

British paper The Sun tempts 100,000 over online paywall

LONDON (Reuters) - The digital version of The Sun, Britain's most popular tabloid newspaper, attracted more than 100,000 subscribers in the four months since it started charging for online content, publisher News UK said on Friday. Newspaper groups are looking to develop additional revenue streams from online publishing to counter falling print circulations and tough advertising markets, but The Sun is the first mass-audience British tabloid to put all of its online content behind a paywall.

Transcontinental buys 74 Sun Media community papers in Quebec for $75M

MONTREAL - Sun Media is ending a battle in Quebec with media rival Transcontinental by agreeing to sell its 74 publications and related websites for $75 million as it continues to adjust to a loss of advertising revenue caused by the digital revolution. The agreement announced Thursday has been approved by the boards of both companies but the subsidiary of Quebecor Media (TSX:QBR.B) will continue to operate the papers until the transaction receives regulatory approval, including from the Competition Bureau.

Three Norman Rockwell works sell for almost $60 mn

Three oil paintings by Norman Rockwell, the celebrated 20th century master illustrator of everyday life in America, sold Wednesday for almost $60 million, setting a new record for the artist. The best known, "Saying Grace" (1951) that shows an elderly woman and boy bowing their heads in prayer at a restaurant, sold for $46.08 million at Sotheby's. That was more than double the estimated high sale price, and more than three times Rockwell's prior record of $15.4 million for "Breaking Home Ties" in 2006.

1 year after print edition's demise, Newsweek plans return to paper; counting on subscriptions

NEW YORK, N.Y. - Paper copies of Newsweek will again roll off the presses starting next year. Editor-in-Chief Jim Impoco says the news magazine's owners, IBT Media, want to "hit the reset button" and move to a business model where a weekly print magazine would be mainly supported by subscription fees instead of advertising. Impoco said in an interview Wednesday that officials haven't decided how much the magazine will cost, but it's expected to be less than $10 per issue.

Sun Media cuts 200 more Canadian newspaper jobs

Canada's Sun Media Corporation announced Wednesday the elimination of 200 jobs at its newspapers across the nation, including 50 editorial positions. The cuts are part of an ongoing restructuring "at a time of profound, unprecedented changes in the print media industry driven largely by the digital revolution," the company said in a statement. Canada's largest media union, the Communications Workers of America Canada, blasted this third round of layoffs in a year, bringing the total Sun Media jobs cut to more than 1,000.

Big hurdles for Newsweek return to print

Newsweek magazine would face enormous hurdles with its plan to revive its print edition ended just last year. Yet some analysts say it has a chance to succeed. The resuscitation of the weekly edition would counter the trend in an industry that has been hammered by a shift to digital and declining print readership and advertising. "The plan doesn't seem to take into account the brand equity the title has lost in the past 10 to 15 years," said Rebecca Lieb, analyst at the Altimeter Group who follows digital marketing and advertising.

Indian magazine editor remanded in custody over sexual assault

Indian news magazine editor Tarun Tejpal was remanded in custody on Sunday after appearing in court on allegations of sexually assaulting a colleague in a hotel in the holiday state of Goa. A court in Goa ordered Tejpal remain in custody to allow police time to question the 50-year-old editor, who faces a possible rape charge over the allegations that could see him in jail for 10 years.
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