Today's Top Stories

The Disintegrating Economics Of Newspaper Circulation

The myth of legacy media holds that every reader sees every ad, thus every advertiser pays for every reader, thus every reader is equally valuable -- and it’s worth losing money holding onto any reader. Those aren’t the economics of online, where advertisers pay only for the readers who see (or click on) their ads, and where abundance robs publishers of pricing power over their once-scarce inventory.

France’s Rich Say ‘Tax Us More’

Warren Buffett is playing well in France. A group of 16 of the richest people in France has signed a petition asking the French government to increase their taxes. “We are conscious of having benefited from a French system and a European environment that we are attached to and which we hope to help maintain,” the petition said. The wealthy in France pay a top rate of 40%, plus an annual wealth tax of between 0.5% and 1.8% on assets above $1.1 million.

NLRB will require employers to disclose union rights

The National Labor Relations Board has issued a final rule that will require employers to notify employees of their rights under the National Labor Relations Act as of November 14, 2011. The notice states that employees have the right to act together to improve wages and working conditions, to form, join and assist a union, to bargain collectively with their employer, and to refrain from any of these activities.

CBS Web writer-producers get first guild contract

The Writers Guild of America, West has signed its first contract covering news writing and promotions for the internet. About 15 web writer-producers working in television and radio news and promotions at CBS studios in the Los Angeles area this week ratified their first-ever contract with CBS. The three-year agreement includes increases in minimum wages and establishes grievance procedures and paid vacations as well as health and pension benefits.

'UK media receives more state aid than France and Italy'

The author of study by the Reuters Institute for the Study of Journalism claims that all developed democracies in the West, even “supposedly free-market oriented ones like the United States,” give “extensive” subsidies to the media, be it direct or indirect. But, he adds, current arrangements discriminate against online-only news outlets, with "no public support for online-only organizations” in the six countries -- including the U.S. -- that he examined.

Money Talks

Why do we never hear from the working class on op-ed pages?

While political debate in the past few years has centered on issues critical to working class Americans -- like health care and entitlement reform, unions, taxes -- America’s most prestigious op-ed sections rarely feature contributions from actual members of the working class on these issues. Wouldn’t it be nice if we also got to hear from someone in that “almost half” that doesn’t pay income tax at all (often because they can’t afford to)?

For Murdoch, media has often been about friends and influence

Although Rupert Murdoch considers himself a political conservative, when it comes to his business dealings he is a pragmatist. He's willing to befriend a liberal democrat who can help his business agenda and he's not afraid to use his media properties as weapons to further his vastand politically connected empire -- as witness his willingness to kill an embarrassing story about Al Gore's son as a favor from one father to another.

Bloomberg Agrees to Buy Bureau of National Affairs for About $990 Million

Bloomberg LP, the closely held news and financial information provider, has agreed to buy the Bureau of National Affairs for about $990 million to add legal, tax and regulatory research and analysis. BNA shareholders, who are current and former employees, will get $39.50 a share in cash in a transaction that is expected to be completed this year. BNA employees are represented by the Newspaper Guild; Bloomberg employees are not.