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Wednesday Nov 21, 2007

Newsfeed Update: 11.21.07

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sirius-xm-merger1111.jpgXM-Sirius Radio Merger May Live (WSJ)
The proposed merger between XM Satellite Radio Holdings Inc. and Sirius Satellite Radio Inc. looked dead on arrival back in February, with federal regulators appearing unlikely to give their approval of the $5 billion merger. Nine months later, Wall Street is picking up a different signal: that the deal might somehow pass muster.

Time.com to Add Dating Feature? (WWD)
Time's site may be ready to play matchmaker and is considering a foray into social networking. So readers will not only have access to a broad category of current events, they just might be able to find that certain someone. Managing editor Josh Tyrangiel also plans to add more video content to the site, and expand its coverage of global business and entertainment.

Practice Tests, Not News, Bring in the Big Bucks for Washington Post (Washingtonian)
The Washington Post Company now gets more than half of its revenues from teaching people how to take tests, not from providing them with news. The company founded as a home for a Washington daily newspaper is now mostly an educational enterprise. The Post reports in its latest financial statement that Kaplan, its educational division, brought in 50.3 percent of the company's revenues.


Adweek to Expand Digital Offering, Go Biweekly (Adweek)
Sabrina Crow, senior vice president of the media and marketing group at Nielsen Business Media, said, "Today, Adweek is focused not on the antiquated idea of a weekly-only model, but on the minute-by-minute schedule that our audience desires. While our magazine continues to be an essential element of this iconic, multi-platform brand, we are moving with our audience by relaunching Adweek.com."

Tough Market for Newspaper Comics (WSJ)
This isn't exactly a bull market for the comics pages. In palmier times, when cities could comfortably support two or even three dailies, reps from the syndicate services would typically offer their wares to the largest newspaper. No sale, no problem. But in a one-paper town — and these days, most towns are one-paper towns — "there's no compelling reason for an editor to buy a new strip immediately."

Real Estate Ads Move Online (ClickZ)
Despite fallout from the subprime mortgage loan fiasco, real estate advertisers will continue to spend online in the next few years. A new report shows home brokers, agents, and developers are increasingly shifting their advertising dollars to the Web, almost to the exclusion of all other media, including print newspapers.

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