New York Times Nov. ad revenue drops 20.9 percent

Wednesday, December 24, 2008 by Enjoy_Lonely

The New York Times Co. said Wednesday that advertising revenue dropped 20.9 percent in November from a year ago, as the financial crisis prompted steep declines in classified and national ad spending.

The sharp economic deterioration, which followed the turmoil in the financial markets this September, has exacerbated an already-weak advertising market for newspapers as readers and advertisers have migrated to the Internet.

As part of its efforts to shore up its core assets amid the slump, the Times Co. is actively seeking buyers for its 17.5 percent stake in the holding company of the Boston Red Sox, The Wall Street Journal reported Wednesday. The holding company, New England Sports Ventures, owns the baseball club, Fenway Park and a majority interest in the New England Sports Network.

The Journal cited an estimate by Barclays (nyse: BCS - news- people ) Capital that the Times Co. stake in the holding company could be worth about $166 million.

Red Sox president Larry Lucchino declined to comment on the Journal report late Wednesday and Times spokesmen were not immediately available.

The Times Co.'s ad revenue, which makes up nearly two-thirds of total revenue, had booked declines of 16.2 percent in October and 14.1 percent in September.

Total revenue from continuing operations fell 13.9 percent last month.

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Female bodyguards for Dhoni

Tuesday, December 23, 2008 by Enjoy_Lonely

http://cricketnow.in/wp-content/uploads/2006/10/mahendra-singh-dhoni.jpg

Mahendra Singh Dhoni has taken time out from cricket but he still needs protection. In fact, he is being given special protection to keep him safe from his ever growing female fans.

The Jharkhand Police has arranged for female bodyguards for this much sought after cricketer.When Dhoni reached his house in Ranchi last week the Jharkhand Police promptly deployed five female bodyguards outside Dhoni’s house. These armed female guards will escort Dhoni when he moves around his hometown. Clear about their duty, one of the constable said, “Dhoni has a huge number of female fans and we have been appointed to protect him from them”.The Jharkhand Police have deployed these special guards in view of the hysterical reactions with which female fans have greeted Dhoni in recent months. In Kolkata one female fan broke through the security and hugged the Indian ODI captain. To avoid any more embarrassment for Dhoni these female constables will accompany Dhoni where ever he goes including his college in Ranchi.

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Saif Ali Khan Says Sorry for assault on lensman

Monday, September 29, 2008 by Enjoy_Lonely

PATIALA: The furore sparked by actor Saif Ali Khan's alleged involvement in the assault on a local photo journalist in Patiala on Sunday turned se
rious on Monday as mediapersons blocked trains and shouted slogans against the GRP for not including the star's name in the FIR. The row ended only when Saif, who is in the city for the shoot of 'Three Idiots', apologized for his behaviour. (Watch ) 

Trouble started on Sunday when photojournalist Pawan Kumar accused Saif of ordering two film unit staff to beat him up. Following the incident, the GRP booked the unit members for assault and intimidation. 

Realizing that Saif's name had not been included in the FIR, the journalists began to protest. As the situation began to turn serious, senior officials stepped in to broker peace and the actor tendered an apology. Later, Kumar said he would withdraw his complaint. 

On Sunday, Kumar had alleged that the two accused snatched his camera, mobile phone and wallet on Saif's directions when he was clicking photos. On Monday, when it was discovered that the actor's name was not included in the FIR, mediapersons gathered outside the GRP police station, demanding action. "Though we have not named Saif in the FIR, we are investigating his role," Banarasi Das said.

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