cityfile · 10/22/09 03:43PM
• The New York Times Co. reported a $35.6 million loss for the third quarter as ad revenue plunged 30 percent. But it was better than what Wall Street analysts were predicting, so the stock shot up 22 percent today. [NYT]
• New York magazine's chief says there are no plans to sell the magazine following last week's death of owner Bruce Wasserstein. [AdAge]
• Newsday plans to charge $5 a week to access to its website. [NYT, [E&P]
• Fortune is cutting back on the number of issues it publishes. And Time Inc., Fortune's publisher, is planning another round of job cuts. [WSJ]
• On the same day Sarah Palin's memoir is published, the Nation will release Going Rouge, an identical-looking book that mocks the ex-governor. [Politico]
• As if losing billions of family money wasn't enough of a punishment, France says it plans to put Warner Music chief Edgar Bronfman Jr. on trial for insider trading in connection with the 2000 merger of Vivendi and Seagram. [NYP]