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Jack Welch The New York Times Co., staying true to its claim that The Boston Globe was not for sale, has denied a request from a group of prominent Boston businessmen to purchase the paper.
Times Co. chief executive Janet Robinson wrote in a letter that the Globe remains an important asset to the company, and that there was no interest in pursuing a sale, according to Editor & Publisher. The letter was in response to a letter from former GE chief executive Jack Welch, in which Welch asked for exclusive rights to negotiate with the Times Co.
Welch’s group has no plans to abandon their effort, according to executives close to the situation.
Advertising revenue for The Times Co.’s New England Media Group (led by the Globe) reported last month fell 10 percent in the first nine months of this year compared with the same period a year earlier. Circulation revenue fell 6.2 percent.
Though off-air online and experiential advertising grew modestly as a part of the overall radio revenue pie, and election-related political ads increased in Q3, total radio ad revenues were down 9% to $4.97 billion for Q3 and down 10% for…
Glamour magazine is running its photo of Britney Spears not only on the cover of the U.S. edition, but on the covers in seven other countries, as well.
Britney will grace Russia, Sweden and Greece’s editions of Glamour, among others.…
Titan Worldwide has signed a five-year deal with the Delaware River Port Authority to manage out-of-home advertising for the Port Authority Transit corp.
The contract covers advertising on PATCO’s rail service and stations between Southern New Jersey and Philadelphia, writes Mediaweek.…
Publicis has acquired full-service agency W&K Communications, continuing its Asia expansion that began several years ago.
W&K will be pulled under the umbrella of Publicis’s Burnett agency network, and will be renamed Leo Burnett Beijing Advertising, writes Adweek.
Other recent Publicis…
With only four weeks separating Thanksgiving and Christmas this year, Cyber Monday One (December 1) and Cyber Monday Two (December 
may command a greater share of online sales than they have in years past - thus increasing the importance…
Top American non-luxury auto brands received higher ratings and less negative comments from online consumers than competing Japanese brands, according to an analysis of consumer opinions collected from automotive review websites by Biz360, MarketingCharts reports.
The research, which aggregated a year’s…
