Dispatches magazine prefers print over Internet - Internet

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Business News

Stocks drop on financials, oil rebound (Reuters)

Reuters - Stocks fell in skittish trading on Wednesday, led by financial services company shares, while rebounding oil prices fed concerns about the toll of higher energy costs on business and consumer spending.

Merrill asset sale size depends on second quarter loss (Reuters)

Reuters - Merrill Lynch & Co will determine exactly how much of its stakes in BlackRock Inc and Bloomberg LP to sell based on how deep its second quarter loss is, a person briefed on the matter said on Wednesday.

IMF gloomy on growth, warns on inflation (Reuters)

Reuters - It is hard to know how far the global financial crisis still has to run, with the extent of further credit losses hinging on what happens to the U.S. housing sector, IMF chief Dominique Strauss-Kahn said on Wednesday.

GFK says to make better offer for TNS than WPP (Reuters)

Reuters - Germany's GfK Holdings AG said on Wednesday it wants to make a better offer for Britain's Taylor Nelson Sofres TNS than Martin Sorrell's advertising group WPP.

Oil rebounds $2 on Iran missile tests (Reuters)

Reuters - Oil rose $2 to around $138 a barrel on Wednesday, partly recouping a $5 drop in the previous session, after Iran said it had test-fired missiles that could reach Israel and U.S. bases in the region.

China market sees signs of economic policy easing (Reuters)

Reuters - A flurry of visits by Chinese leaders to cities hit by sluggish exports and a reported tax rebate for textile exporters are being interpreted by the market as signals that Beijing might cautiously ease tight economic policies.

NEW YORK (Reuters) - A pall hangs over the word "print" these days, but the editors of a new magazine bet that discerning readers want news analysis on paper and don't mind getting it just four times a year.

By Robert MacMillan
NEW YORK (Reuters) - A pall hangs over the word "print" these days, but the editors of a new magazine bet that discerning readers want news analysis on paper and don't mind getting it just four times a year.
Dispatches, which debuts on Monday, is taking a contrarian stance at a time when most news outlets are trying to stem the losses they're incurring in printed media by following readers and advertisers to the Internet.
The magazine, edited by journalist and author Mort Rosenblum and photographer Gary Knight, is a quarterly compilation of analyses of world events, with each issue grouped around a theme and featuring the work of well known journalists and authors.
While newspapers and news magazines have been adopting ever-faster schedules to keep up with the 24-hour news cycle prompted by the always-on nature of the Internet, Dispatches is slowing down the breathless delivery of "what" and downplaying instant analysis.
"Rather than compete with existing newspeople, we just thought we would go deeper and, when possible, closer, and deal with not so much the what and who, but the why and what can be done," said Rosenblum, a globetrotting former correspondent for the Associated Press and author of the book "Escaping Plato's Cave: How America's Blindness to the Rest of the World Threatens Our Survival."
Rosenblum's website (http://www.mortrosenblum.net) says cutbacks and deterioration in U.S. journalism brought on by ad sales declines and shareholder demands for constant profit leave readers without sources of analysis in times that are more dangerous and uncertain than ever.
The first issue of Dispatches includes essays on the theme "In America." One essay is a trip through New Orleans and other cities by journalist Muzamil Jaleel called "A Kashmiri in America: The Lucky Shade of Brown." It also features an essay by John Kifner of The New York Times that asserts that Americans ignore history at their peril.
Travel writer Paul Theroux and journalist Samantha Power also contribute to the first issue.

Other news from Internet category:

Penn museum to share cultural treasures via internet - 09, Jul 2008
PHILADELPHIA (Reuters) - The University of Pennsylvania's Museum of Archaeology and Anthropology is dragging itself into the 21st century with an ambitious plan to share its treasures with the world via the internet.

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France's first lady launches new album on Web - 09, Jul 2008
PARIS (Reuters) - France's first lady Carla Bruni-Sarkozy gave Internet users a free hearing of her new album on Wednesday ahead of its official launch later this week.

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"Family Guy" creator makes bold move online - 09, Jul 2008
LOS ANGELES (Hollywood Reporter) - When September rolls around, the most anticipated new program of the fall season will be on the Internet instead of television.

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Russian blogger sentenced for "extremist" post - 08, Jul 2008
MOSCOW (Reuters) - A Russian man who described local police as "scum" in an Internet posting was given a suspended jail sentence on Monday for extremism, prompting bloggers to warn of a crackdown on free speech online.

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WITNESS: Virtual friends in a cancer world - 06, Jul 2008
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Number of newspaper analysts dwindles - 04, Jul 2008
NEW YORK (Reuters) - Want to buy newspaper stocks? You should see an analyst. Trouble is there aren't many around anymore.

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Canadian fiddler looks for quick payday via eBay - 03, Jul 2008
TORONTO (Reuters) - A Canadian fiddler who is no stranger to controversy has put half his future music earnings up for sale on eBay, the auction website.

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L.A. Times to cut 250 jobs, 150 in editorial - 03, Jul 2008
LOS ANGELES (Reuters) - The Los Angeles Times will slash 250 jobs, including 150 in the newsroom, and trim its published pages by 15 percent in an effort to save money in the face of declining revenues, the newspaper said on Wednesday.

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Google-Yahoo deal subject of antitrust probe - 02, Jul 2008
WASHINGTON (Reuters) - The U.S. Justice Department has opened a formal antitrust investigation into a deal between Google and Yahoo to share some advertising revenue, The Washington Post reported on Wednesday.

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Hollywood studio, Google forge new ground on Web - 01, Jul 2008
LOS ANGELES (Reuters) - A major Hollywood studio and online search engine Google Inc on unveiled separate moves on Monday to put movie and TV-like content on the Web, highlighting the way in which both see the Internet as critical to reaching customers.

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Software News

Microsoft sets pricing, fee sharing for services (Reuters)

Reuters - Microsoft Corp introduced on Wednesday pricing for its suite of online services targeted at corporate customers and a revenue-sharing plan to encourage other companies to sell the software company's products.

India Expects Software and Services Revenue Growth to Fall (PC World)
PC World - India's revenue from software and services is expected to be slower this year, according to an industry body.

Google lets people create custom virtual realms (AFP)

AFP - Google has rolled out a challenge to virtual world giant Second Life with free software that lets people create their own online 3D worlds that can be embedded on websites and melded with other online functions.

EA says has complied with FTC request on Take-Two (Reuters)

Reuters - Video game publisher Electronic Arts Inc said on Tuesday it complied with a regulator's request for more information on its Take-Two Interactive Software Inc bid, moving a step closer to buying its rival.

Real Software, Veryant bolster dev tools (InfoWorld)
InfoWorld - Real Software and Veryant are upgrading development tools this week, with Real Software focused on its RealBasic platform and Veryant on Cobol.

VMware shares plunge on CEO change, slowing growth (AP)
AP - VMware Inc. abruptly replaced co-founder Diane Greene as chief executive Tuesday and lowered its sales outlook, triggering alarms that pounded the business software maker's shares to their lowest depths since the company's lucrative public offering 11 months ago.

Penn museum to share cultural treasures via internet - 09, Jul 2008

France's first lady launches new album on Web - 09, Jul 2008

"Family Guy" creator makes bold move online - 09, Jul 2008

Russian blogger sentenced for "extremist" post - 08, Jul 2008

WITNESS: Virtual friends in a cancer world - 06, Jul 2008

Number of newspaper analysts dwindles - 04, Jul 2008

Canadian fiddler looks for quick payday via eBay - 03, Jul 2008

L.A. Times to cut 250 jobs, 150 in editorial - 03, Jul 2008

Google-Yahoo deal subject of antitrust probe - 02, Jul 2008

Hollywood studio, Google forge new ground on Web - 01, Jul 2008