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Revolving Door Newsletter: 05.12.09

EIC Out in OK! Shakeup; Food Network Magazine Promotes, Hires

May 12, 2009

These days, big media companies are scrambling to keep cash flowing: News Corp plans to develop a micropayment system for individual articles and premium subscribers on The Wall Street Journal's Web site. The online destination is one of the few newspaper sites to have successfully monetized a pay wall. Meanwhile, the situation is becoming increasingly dire for the Ochs-Sulzberger family, owners of The New York Times: More than 86 percent of the family's wealth has disappeared, and they might be forced to sell the paper. As for the deal with Mexican billionaire Carlos Slim back in January, which ...

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