The New York Times now selling front page ads!

Times are tough for the news media giants in the US market.
The New York Times has now started offering advertising on their front page.
They are now selling graphical advertising on the front page.
The first advertising that ran on the front page of the [...]

NBC Universal acquiring The Weather Channel from Landmark Communications
NBC Universal has announced that they are collaborating with Bain Capital and Blackstone Group to acquire The Weather Channel from Landmark Communications.
They have not disclosed the financial aspects of the deal though sources hint towards a value of somewhere around $3.5 billion in cash.
The deal includes the [...]

CBS Radio to combine their operations with AOL service
CBS Radio is the second largest radio broadcaster in the US market. The company has now said that they are now collaborating with AOL to offer their combined services.
CBS Radio would now combine their stations along with the AOL’s own network of online radio stations.
The two companies [...]

CBS Corp post improved profits
US based media company CBS Corp has posted higher-than-expected 8 percent rise in quarterly profits.
The company gained from their publishing and outdoor advertising businesses. CBS posted revenues which fell 3 percent to $3.28 billion. The profits were at $343.3 million, or 48 cents a share. This is an improvement from profits [...]