As big ad deal falls apart, firms start thinking small
NEW YORK/LONDON (Reuters) - The collapse of the $35 billion merger of New York-based Omnicom with France's Publicis is likely to lead the world's biggest ad agencies to think small...
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AOL profit misses estimate on costs; shares tumble
(Reuters) - AOL Inc on Wednesday said its quarterly profit declined, with its stock price falling 22 percent as it missed earnings expectations due to the cost of restructuring its...
New media site Ozy partners with NPR
By Jennifer Saba NEW YORK (Reuters) - Six-month-old new media site Ozy is jumpstarting its distribution and has struck a partnership with U.S. nonprofit radio network NPR. The alliance, officially...
LinkedIn to let companies target members by language, location
(Reuters) - LinkedIn Corp on Tuesday rolled out a new feature that allows companies to target audiences by language preference and geographical location as it seeks to grow and retain...
News Corp ties knot with romance novel publisher
TORONTO/NEW YORK (Reuters) - For Harlequin Enterprises Ltd, the romance novel publisher that News Corp agreed to buy for $415 million, the title of one of its latest offerings, "My...
Rivals poach Publicis, Omnicom clients, staff as merger faces snags
LONDON/NEW YORK/PARIS (Reuters) - Publicis and Omnicom have lost more than $1.5 billion of client work in recent weeks and face a fight to retain billions more, including a huge...
Viacom buys Britain’s Channel 5 to boost global presence
(Reuters) - U.S.-based Viacom Inc said on Thursday it would buy British TV broadcaster Channel 5 from media baron Richard Desmond for $760 million (450 million pounds) as a keystone...
Thomson Reuters profit beats on cost-cutting
(Reuters) - Thomson Reuters Corp reported higher-than- expected quarterly earnings, bolstered by cost-cutting, as revenue edged higher mainly because of acquisitions. The global news and information company said on Wednesday...
Facebook courts journalists with newswire tool
Facebook said on Thursday that it has created a newswire tool tailored to journalists, part of a broader effort to be the go-to place for conversation for its 1 billion...
AOL raises China presence with Sun Media Group partnership
NEW YORK (Reuters) - AOL is making a push into China with its digital video studio Makers, which struck a partnership on Thursday with that country's privately held Sun Media...