Today's Top Stories

Digital Ad Growth Has Resumed And Paid Content Has Helped, WPP Says

WPP, the world’s largest ad agency, says income from direct and digital advertising hit $2.1 billion (28.1 percent of its total), behind its target of 35-40% in three to four years. “Newspapers and magazines, in particular, remain challenged, although the apparent success of charging for content, that consumers value, has helped somewhat,” the group says.

Big Organizing Challenge Remains After Temporary Truce at Verizon

The 45,000 union members returning to work at Verizon on Tuesday, after a two-week strike, would do well to remember Marc Reed's words when picket lines were taken down Saturday. Said Reed: “We remain committed to our objectives.” Reed is a major architect of Verizon’s long-term de-unionization strategy that has already achieved the “objective” of cutting union density in half -- to only 30% within the company.

Taxing the rich fairly can be done — and would raise revenue

It has been a little over a week since billionaire Warren Buffett called for higher taxes on the richest Americans, and now comes the reaction. Harvey Golub, a former chairman and chief executive of American Express, writes in the Wall Street Journal that he “resents” Mr. Buffett’s suggestion. I already pay plenty of taxes, Mr. Golub asserts, adding: “Before you ‘ask’ for more tax money from me and others, raise the $2.2 trillion you already collect each year more fairly and spend it more wisely.”

In New York, scourge of outsourcing continues

The New York Guild was informed by New York Times management on Friday afternoon that the company will eliminate all 11 positions in the Customer Order Fulfillment Department through subcontracting. The Times said the work would be taken over by the Shared Services Center in Virginia, with the job losses to begin on Jan. 1, 2012. Five managers in the department also will be affected.

Measuring executive pay — and responsibility

When Nintendo slashed the price of its 6-month-old 3-D game device by nearly a third a few weeks ago, company President Satoru Iwata voluntarily took a 50% pay cut. That was in stark contrast to the position taken by Rupert Murdoch who, when asked whether he should accept responsibility for the legal and public relations disaster facing his company by resigning, replied: "Nope. People I trusted have let me down. It's for them to pay."

American Printer Magazine Folds After 128 Years; American Press Closes Shop

Penton Media's American Printer magazine will be stopping production after 128 years. The August 2011 edition has been the last title published. The trade publication was designed for an audience of commercial printers and had a focus on printing management, press technologies and "prepress, press and postpress issues," according to its website.

ASNE eliminates four full-time positions, considers partnering with j-school for office space

The American Society of News Editors confirms it is eliminating four full-time positions and will instead contract for financial, technical and administrative support. It also is "seeking collaborations and partnerships with other organizations, including possibly partnering with a journalism school for office space and operational synergies."

Koch Responds To Buffett: ‘My Business And Non-Profit Investments Are Much More Beneficial To Society’

Warren Buffett penned an op-ed last week declaring that America’s super-rich have been “coddled long enough by a billionaire-friendly Congress.” Not so, responded Charles Koch, head of the massive petrochemical, manufacturing, and commodity speculating Koch Industries corporation. Low tax rates for billionaires are warranted because "my business and non-profit investments are much more beneficial to societal well-being than sending more money to Washington."