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Big media buy back shares with cable TV cash
(Reuters) - Big U.S. media companies bought back record amounts of their own shares in the last year, with cash generated by cable television networks that drew strong viewership and advertising dollars despite the economic uncertainty. News Corp was the latest media conglomerate to top Wall Street's profit forecasts after the market closed on Wednesday. Earlier in the day, Time Warner Inc ...

News Corp reaches more phone hacking settlements
LONDON (Reuters) - A further 15 politicians, sportsmen and celebrities reached settlements with the British newspaper arm of Rupert Murdoch's News Corp on Wednesday over a phone hacking scandal that has rocked his global media empire. The development increases the chances that the publisher may yet avoid further embarrassing details of its conduct from being publicly aired in court - although at ...

GateHouse adding jobs to Framingham office, setting up news production center
GateHouse Media announced this week that it will locate one of its two news production centers in Framingham at the MetroWest Daily News. The move will bring more than 70 jobs to Framingham, attracting talent from across the country as the company produces its smaller newspapers (under 5,000 circulation and non-dailies) in one location starting this fall.