Newsfeed Update: 02.08.12
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Washington Post Offers Voluntary Buyout To Some Newsroom Staffers (JimRomenesko.com)
The Washington Post is offering a voluntary buyout to some newsroom staffers. Poynter / MediaWire: This is the paper's fifth round of buyouts since 2004. Forbes: In the next few months, Facebook will go public at a rumored valuation of up to $100 billion, one of the most keenly anticipated business events ever. The instant that trading opens, Mark Zuckerberg and a handful of his co-founders and earliest backers will reap billions of dollars in new paper wealth. And leaders of The Washington Post Co. will watch, melancholy, knowing that their many pressing financial problems could have been magically solved with the ringing of that bell.
Rick Santorum Skips Network Morning Shows For Cable (TVNewser)
GOP presidential candidate Rick Santorum swept the two caucuses and one primary Tuesday night in Colorado, Missouri, and Minnesota. Wednesday morning, he made the TV news rounds…sort of. Mediaite: Fresh off his Tuesday-night wins, Santorum visited Starting Point's Soledad O'Brien to explain his strategy…and issue a couple of corrections. Mediaite: Wednesday morning, CNN's Early Start aired an interview with Donald Trump, which was taped before Santorum swept the Tuesday night primary/caucus contests. In the interview, Trump defends his endorsement of Mitt Romney, but takes time to absolutely skewer Santorum.
Time Warner Reports Small 4Q Profit Gain (B&C)
Time Warner reported slightly higher profits in the fourth quarter as its TV networks reported mid- to low-single-digit revenue increases. TheWrap.com: Time Warner reported that its earnings were up slightly thanks to a 5 percent increase in revenue, attributable largely to its cable networks and its movie studio's success with the final Harry Potter film. Forbes: Time Warner booked a strong end to 2011, as fourth-quarter profit and sales bested expectations. Prompted by this good news, Time Warner shares shot up in pre-market trading.