Today's Top Stories

Newsquest cuts keep profits up

Gannett's subsidiary in Great Britain, Newsquest, kept staff pay frozen, cut 800 jobs throughout the country and closed its pension plan in 2010, while profits leapt 15%, to £82.5 million. Boardroom pay also appeared to rise, despite the blanket pay freeze for everyone else in the group. Closing the pension plan reaped a £7.6 million accounting benefit, while salary costs plunged 10%, or nearly £15 million, as jobs were slashed.

New York Times Climbs After Mexican Billionaire Carlos Slim Boosts Stake

Share prices for New York Times Co. climbed the most in almost two years in New York trading yesterday, after Mexican billionaire Carlos Slim boosted his stake in the company. The newspaper publisher rose 76 cents, or 13%, to $6.75 at 4:15 p.m. in New York Stock Exchange composite trading, the biggest daily gain since Oct. 22, 2009. The stock has dropped 31% this year.

Confronting the Malefactors

Occupy Wall Street has given Democrats what amounts to a second chance. The Obama administration squandered a lot of potential goodwill early on by adopting banker-friendly policies that failed to deliver economic recovery even as bankers repaid the favor by turning on the president. Now, however, Obama’s party has a chance for a do-over. All it has to do is take these protests as seriously as they deserve to be taken.

BBC is risking irreparable damage to “the best journalism in the world”

BBC management yesterday said that the BBC provides “the best journalism in the world,” but the cuts outlined that morning risk irreparable damage to the much-loved and internationally admired BBC. The full details of the cuts -- which include slashing 2,000 jobs across the BBC -- were still emerging as local managers met with staff across the UK to explain the proposals in detail.

Wapping's pseudo-union dog fails to bark as members face uncertain future

One dog at Wapping that has hardly barked since the phone hacking scandal broke is the in-house pseudo-union known as the News International Staff Association (Nisa). Then again, Nisa was created by News International's management in the mid-1990s in order to keep out real unions. Its attempt to be recognized by the Certification Office for Trade Unions in 2001 was denied because it could not establish that it was "not under the domination or control of an employer."

Denver Post: If 15-20 newsroom staffers don't take buyout, layoffs could follow

Yesterday afternoon, editorial employees at the Denver Post gathered for an all-newsroom meeting -- the sort at which good news is seldom shared. And as expected, the imparted information was grim. Staffers were told that if at least 15-to-20 of them -- up to 10% of the staff -- don't take a buyout offer, layoffs could follow. That follows a Post announcement in June of a 4% budget cut, leading to page-count shrinkage in the feature and sports sections.

Arrests of journalists show Ethiopia's sterner side

The arrests of two Swedish journalists -- captured by security forces in early July after a firefight with ethnic Somali rebels -- and the detention of a long stream of local journalists with critical views of the Ethiopian government is showing once again the ruthless streak of America’s biggest friend in the Horn of Africa.

CBC boss says rivals have an interest in diminishing public broadcaster

The CBC's top boss says one of its major competitors is determined to damage the reputation of the public broadcaster in order to weaken it and he's determined to set the record straight on Parliament Hill. The Conservative Party of Canada is polling its members on the value of the CBC, the National Citizens Coalition has mounted a campaign to defund the CBC, and the Sun Media chain has published a months-long series of articles and editorials targeting the Crown Corporation.

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