Media Industry News

(AFX UK Focus) 2008-05-12 06:56 GateHouse Media's ratings placed on negative watch - S&P (Interactive Investor)

12 May 2008

MUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it has placed its ratings for print and online publisher GateHouse Media Operating Inc., including the 'B+' corporate credit rating, on negative watch, reflecting a deteriorating cushion in the company's total leverage covenant in its revolving credit facility.

China's new jumbo-jet firm no threat to Airbus, Boeing: state media (TODAYonline)

12 May 2008

File photo shows visitors entering the China Aviation Industry Corporation ARJ21 passenger jet at an air show in Beijing. China's new aerospace firm will not pose a threat to Airbus and Boeing for 20 years according to state media reports

Social-networking sites work to turn users into profits (USA Today)

12 May 2008

Facebook, MySpace and other social-networking sites have been the rage of the tech industry for more than a year. Following investments by Microsoft and News Corp., the companies are valued in the billions of dollars and are considered blueprints for how to build a website. Yet a deeper question lingers: How are they going to consistently produce profits to match their soaring valuations?