Reuters & Int Herald Tribune have signed a deal with an agreement to launch a co-branded daily online and print business report a move that marks a break to the usual where newpapers e.g. IHT pay wire services e.g. Reuters a subscription fee for ability to republish news. Reuters and IHT will share the revenue from advertising and IHT is still able to draw news from other sources/wires as it is a non-exclusive deal.

IHT is owned by the NYSE Listed New York Times Company a diversified media company including a wide range of newspapers, internet businesses, television and radio stations, investments in paper mills and other investments.

In other Media company News today
-Conrad Black formerly of Hollinger International is facing 61/2 years in jail for defrauding shareholders. Read NZ Herald Story

-At the end of the week the Wall Street Journal will be owned by Rupert Murdoch’s Newscorp. Murdoch has appointed a new management team for Dow Jones, including longtime News Corp publishing executive Les Hinton as CEO and Robert Thomson, editor of the Murdoch-owned Times of London, as publisher. Read NZ Herald Story