Oil prices were steady near four-year lows below $44 a barrel Friday in Asia as more bad U.S. economic news soured the outlook for global growth and demand for crude.
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The Rocky Mountain News, Colorado's oldest newspaper, was put up for sale Thursday after its owner, E.W. Scripps Co., said it lost about $11 million on the business in the first nine months of the year.
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Several correspondents and other staff were laid off at NBC News this week as part of $500 million in planned cuts at General Electric Co.'s NBC Universal, according to a person familiar with the situation.
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E.W. Scripps Co. says it's putting the Rocky Mountain News up for sale after losing $11 million on the Denver operation in the first nine months of the year.
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Publisher E.W. Scripps Co. is putting its flagship newspaper, the Rocky Mountain News, up for sale in a move to stem major financial losses. Newspaper analysts said that the prospect of selling the News may be slim and that Thursday's announcement could be a prelude to shutting the paper down.
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Oil prices sank Thursday to lows last seen nearly four years ago as more bleak news from the world's largest economy boosted views that crude could tumble below $40 by the end of the year.
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Lexington's ABC affiliate plans to launch a new channel and begin a 10 p.m. local newscast in January to compete directly with the highly successful Fox 56 newscast. WTVQ, last place in local news ratings, also plans to re-air some of its newscasts from its ABC channel on the new MyNetworkTV channel. The move is possible because TV stations now transmit multiple channels using digital ...
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