BizJournals Portfolio
Mar 02 2009 7:55am EDT

Idle Chatter: Hearst, Hachette, Redstone, Kindle 2

-Hearst Corp., that sudden bastion of innovation, says it will begin charging readers for much of the content on its newspapers' websites. Good luck with that. [Digits]

-Famed radio broadcaster Paul Harvey died over the weekend. He was 90. [AP]

-Hachette Filipacchi Media is trying to spur some growth by reorganizing its women magazines under three "chief brand officers." [WSJ]

-Sumner Redstone has reached a deal with his creditors that will allow him to service his $1.6 billion in debt by selling assets of his choosing -- and not, presumably, CBS or Viacom. [WSJ]

-Univision has laid off 300 employees, about 7 percent of its workforce. [B&C]

-Random House took a time out from downsizing to buy Ten Speed Press, a California-based publisher of nonfiction books. [NYT]

-Compromise or cop-out? Amazon.com has changed its stance on the Kindle 2's text-to-speech function. Now publishers and authors will be able to decide whether a given e-book can be read out loud by the device. [Reuters]. □


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