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Late Breaks The Trouble With Time Warner More

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by Jeff Bercovici
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Jan 07 2009 4:01pm EDT

Late Breaks: The Trouble with Time Warner, more

-Google CEO Eric Schmidt says there's not much his company can do to ease the newspaper industry's death agonies. "We...can't materially change the way consumers behave." Uh, isn't that exactly what Google does? [Fortune]

-"What is so shocking about Time Warner's fourth-quarter loss is that it's being presented to the market as a shock. It's been eight years since the failed marriage of AOL and Time Warner, and despite repeated efforts at therapy, the union is still broken." [The Big Money]

-ABC News is outsourcing much of its newsgathering in Iraq to the BBC. Says an ABC executive, "This is more of a reallocation of resources so we're not spending money for a substantial presence on the ground waiting for something to happen." Isn't it tiresome how car bombings never happen on your schedule? [THR]

-The post-election editions of The New Yorker and Time, commemorating Barack Obama's victory, were the best-selling issues of the year. [NYO]. □

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