Free Republic

<p>The Washington Post Co. announced today that it has retained Allen & Company to explore the possible sale of NEWSWEEK magazine.</p>

NEW YORK | For more than 60 years, TV stations have broadcast news, sports and entertainment for free and made their money by showing commercials. That might not work much longer. The business model is unraveling at ABC, CBS, NBC and Fox and the local stations that carry the networks' programming. Cable TV and the Web have fractured the audience for free TV and siphoned its ad dollars. The recession has squeezed advertising further, forcing broadcasters to accelerate their push for new revenue to pay for programming. That shift will play out in living rooms across the country. The changes...

I wasn’t alive in 1945 when the news came that Adolph Hitler went room temperature, but I know there was great joy across America when we heard it. Hitler was an enemy. Joy was a fitting response to his death. Ordinarily the death of anyone should be sad news, but a particularly vicious enemy’s death is cause for an exception. The impending death of the print media in America is such an exception. The media’s allegiance to itself instead of the truth or - God forbid- America is very clear. During the Civil War General William Sherman complained, ”I hate...

NEW YORK, Oct 11 (Reuters) - Gannett Co. Inc, the largest U.S. newspaper publisher, reported a lower third-quarter profit on Wednesday because of stock options expensing. Gannett, which publishes USA Today and 89 other local daily papers, said net income fell to $261.4 million from $297 million in the same quarter a year ago. Earnings from continuing operations were $1.11 a share, compared with $1.13 a share a year ago. Analysts expected $1.11 per share, according to Reuters Estimates. Stock options expensing cost the company $6.4 million, or 3 cents a share, after taxes. Gannett said per-share earnings would have...