New York Times forecasts further decline in print ad revenue

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By Jennifer Saba (Reuters) The New York Times Co reported a dip in second-quarter revenue as print advertising revenue erased the previous quarter's rise, and the company expects print ad revenue to continue to decline in the future. Shares of the company dropped almost 6 percent to $13.30 … [Read more...]

Internet users often unclear about their data use: U.S. watchdog

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By Alina Selyukh - WASHINGTON (Reuters) U.S. consumers often incorrectly estimate how much data they consume online and pay Internet providers for more downloading and uploading than they actually do, a U.S. government watchdog said in findings released on Tuesday. The observations were … [Read more...]

With PlayStation Network, Sony goes back to the future in search of revival

PlayStation 4

By Reiji Murai - TOKYO (Reuters) Japan's Sony Corp is hammering out plans to rise from the ashes of nearly $10 billion (£5.89 billion) lost in six years by building a future around its last consumer electronics blockbuster - the PlayStation. Sony plans to reposition the video console warhorse … [Read more...]

BuzzFeed writer Benny Johnson fired for plagiarism

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(Reuters) The news and entertainment website BuzzFeed has fired the writer Benny Johnson after its editors said they found he plagiarized others' work 41 times. BuzzFeed editor Ben Smith in a note late on Friday called writer Benny Johnson "a creative force" at his best, but said a review of more … [Read more...]

Amazon’s spending spree raises margin concerns

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By Soham Chatterjee (Reuters) Amazon.com Inc's heavy investment in content and technology to fight off deep-pocketed rivals is proving to be more costly than many had expected, raising fears that operating earnings will be remain under pressure indefinitely. Amazon's shares fell 12 percent to … [Read more...]

Comic-Con – Richard Hatch: Fans Could Be Key To Battlestar Galactica Film Reboot

Battlestar Galactica

Social media and crowdsourcing redefining creative dynamic By James DeRuvo (doddleNEWS) Although he's admittedly biased, classic Battlestar Galactica star Richard Hatch (the original Apollo, and Tim Zarek for the Ronald D. Moore reboot) says that the SyFy space opera has redefined the genre, … [Read more...]

Facebook goes express to mega-cap status – now valued more than AT&T, Coke

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By Chuck Mikolajczak - NEW YORK (Reuters) In the days after its infamously mishandled initial public offering in May 2012, it looked as if Facebook would struggle to become a must-own for fund managers. Now the company's $190 billion market value makes it bigger than such bellwethers as … [Read more...]

Amazon’s smartphone fails to kindle a ‘Fire’ among reviewers

Amazon Fire Phone

By Soham Chatterjee (Reuters) Amazon.com Inc's new Fire smartphone features "gimmicks" - such as 3D effects and object scanner - that may not be enough to entice users away from similarly priced Apple Inc iPhones and Samsung's Galaxy S5, reviewers said. Among the features of its first smartphone, … [Read more...]

Nokia’s fortunes brighten on heavy network spending

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By Sakari Suoninen and Jussi Rosendahl - HELSINKI (Reuters) Nokia surprised investors with strong quarterly earnings and raised its full-year profit margin forecast as network operators install more powerful systems to cope with surging mobile data traffic. The Finnish company sold its … [Read more...]

Seven arrested internationally in $1.6 million StubHub fraud

StubHub fraud

By Karen Freifeld - NEW YORK (Reuters) Police arrested seven people tied to a $1.6 million (939,578 pounds) international fraud that used stolen credit cards to buy tickets through the StubHub online market to thousands of events, including Yankees baseball games, Broadway shows, and Jay-Z … [Read more...]

Facebook beats Wall Street targets, stock hits record high

Facebook

By Alexei Oreskovic - SAN FRANCISCO (Reuters) Facebook Inc's fast-growing mobile advertising business helped drive a 61 percent increase in revenue during the second quarter, beating Wall Street's financial targets and sending shares to a record-high in after-hours trading on Wednesday. The … [Read more...]

AT&T, Chernin Group close to deal to buy YouTube network Fullscreen

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SAN FRANCISCO (Reuters) AT&T Inc and the Chernin Group are close to buying a majority slice of Fullscreen, in a deal that will value the popular YouTube video network at $200 million to $300 million, said tech blog Re/code, citing sources familiar with the target company. Otter Media, a joint … [Read more...]

With sales sputtering, Apple’s iPad looks to IBM alliance

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By Christina Farr - SAN FRANCISCO (Reuters) Apple Inc's iPad is losing steam just four years after its release, but an alliance with IBM Corp (International Business Machines) could rejuvenate a flagging product by entering into a largely untapped corporate market. Apple shipped 13.2 million … [Read more...]

EU antitrust regulators likely to step up Google probes: WSJ

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SAN FRANCISCO (Reuters) European Union antitrust regulators are preparing to step up investigations of Google Inc's practices on several fronts and are likely to revise certain terms of a settlement involving its search engine that was proposed earlier this year, the Wall Street Journal reported on … [Read more...]

Google must face U.S. privacy lawsuit over commingled user data

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By Jonathan Stempel (Reuters) A federal judge rejected Google Inc's bid to dismiss a privacy lawsuit claiming it commingled user data across different products and disclosed that data to advertisers without permission. Saying his decision was a close call, U.S. District Judge Paul Grewal in San … [Read more...]

Comcast profit beats estimates on internet subscriber growth

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(Reuters) Comcast Corp, the largest U.S. cable operator, reported a better-than-expected quarterly profit, helped by strong growth in high-speed internet subscribers. The company's shares rose 2 percent to $54.96 (32.2 pounds) in premarket trading on Tuesday. The stock has gained 3.6 percent so far … [Read more...]

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