Washington: US broadcasting giant ABC News will downsize its editorial team and layoff up to 350 staff members, media reports said.
In a “fundamental transformation”, ABC News announced Tuesday that it was seeking to substantially reduce its staff, possibly by up to 25 percent, The New York Times reported.
For decades, the network news divisions have seen [...]

Publicis Groupe has announced that the agencies of Publicis Groupe have worked with Old GM and will continue to work with New GM.
“We are now in a better position to quantify our financial exposure as a result of the GM bankruptcy .Since the filing of the bankruptcy, Old GM has signed agreements with some of [...]

Boston Newspaper Guild has come forward to save The Boston Globe daily which is facing a closure threat. Dan Totten, President, Boston Newspaper Guild in a statement has said that the guild will help Globe’s prospective buyers to promote good journalism and protect free speech. 
“Boston Newspaper Guild members have spoken and, after careful consideration, voted [...]

The Washington Post has decided to stop to publishing a distinct business section six days a week, moving business news instead to the front section of the paper now finance stories are dominating world headlines.
The paper claims that this will save money on newsprint but it will not change its commitment to the coverage of [...]

Media General (NYSE: MEG) has announced that its Media General News Service Bureau in Washington, D.C., and the associated Web site, mgwashington.com, will close on March 27. The bureau employs six journalists, all of whom have been offered severance packages.
“We very much regret having to take this step,” said Graham Woodlief, president of the Publishing [...]

Richmond, Va. – Media General, Inc. (NYSE: MEG) has announced that it is implementing an employee furlough program in the face of an economy that continues to contract, causing the advertising market to further weaken. 
Employees will take a mandatory 10 days off according to a schedule that requires four days by the end of March [...]