Amid slump in ad pages, US News fires its editor

Article Abstract:

U.S. News & World Report Editor James Fallows announced his resignation and said that the magazine's owner, Mortimer Zuckerman, is firing him. He is to be replaced by Stephen G. Smith, current editor of the National Journal and a veteran of both Time and Newsweek. Fallows' departure comes after months of rumors that is departure was near, and after repeated conflicts with Zuckerman over editorial policy issues. Mr. Fallows, who in 1996 authored "Breaking the News: How the Media Undermine American Democracy," a harsh criticism of of the press, had attempted to make sweeping changes at the magazine since coming aboard in September 1996.

Comment:

Editor J. Fallows announced his resignation & said that owner Mortimer Zuckerman is firing him.

Executive changes & profiles, Periodicals, Periodical Publishers, Periodical publishing, U.S. News and World Report Inc.

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DoubleClick loss widened in 3rd period amid big decline in online advertising

Article Abstract:

DoubleClick Inc. reported a net loss of $103.5 million in the third quarter, as compared with a net loss of $10.7 million in the year-earlier period. Revenue dropped 31% as online advertising continued to decline. Nevertheless, the company retains a strong cash position of $778 million, and has retired $20.3 million of long-term convertible debt. Fourth-quarter net loss is projected at between $84 and $92 million.

Market Research Services, Marketing Research and Public Opinion Polling, Commercial nonphysical research, Statistical Data Included, Economic aspects, Finance, Marketing research, Market research, Internet/Web advertising, Internet advertising, Marketing research firms, DoubleClick Inc.

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Dow Jones reports loss for 2nd period reflecting unit sale

Article Abstract:

Dow Jones & Co. announced that it suffered a net loss of $51.7 million during the second-quarter of 1998 as a result of an earlier forecasted loss from the sale of its Telerate subsidiary. However, the company did report that profits from continuing businesses increased 11% compared to the same period in 1997. In addition, Dow Jones reported a $98 million after-tax charge on the sale of Telerate.

Comment:

Suffers a net loss of $51.7 million during the second-quarter of 1998

Sales, profits & dividends, Newspapers, Newspaper Publishers, Newspaper publishing, Dow Jones & Company Inc.

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