*Paper starts weekly aimed at young adults: Starting on Wednesday, the Cincinnati Enquirer will begin publishing a free weekly paper that will focus on information about travel, dining, music, health and careers pointed toward young families and singles. "We want to connect people in their 20s and 30s to their community and to each other," Beryl Love, editor of CiN Weekly, told the Associated Press. "And we won't be afraid to have some fun in the process." The all-color tabloid will be published by a staff separate from the Enquirer and will be printed in Indiana. Circulation is expected to be 60,000 copies, which will be distributed throughout Cincinnati and Northern Kentucky.
*Dow heir sells shares: As previously announced, Jane's Trust -- a charitable organization established by the will of Jane Bancroft Cook, an heir of an early owner of Dow Jones & Co. Inc., and a major stockholder in the company -- will start to sell 6500 shares of DJ stock per day starting on Thursday. Sales of the stock, which meet Securities and Exchange Commission insider-trading rules by being less than one percent of the daily trading, will go on for a year or until the Trust sells $40 million, whichever comes first. Jane's Trust will distribute almost $9 million a year for 35 years in the areas of the arts, education, the environment and health and welfare, focusing its grant-making in Florida and the New England.
*Paper-maker cuts recycling deal: Abitibi-Consolidated Inc., the Montreal-based paper supplier, announced an agreement last week that it was entering into a 10-year agreement with a non-profit recycling firm in the St. Paul, Minn., to handle recycled newsprint in the city. Eureka Recycling manages the city's recycling program and is building a new recycling center, which Abitibi will help create. In a statement, the two companies said the new facility would "strengthen the local economics of recycling and ensure that materials are recycled for their highest and best use." Under the agreement, Abitibi -- which recycles more than 3 million tons of paper each year -- will receive a steady flow of materials for its recycling mills throughout North America.
*Kissinger to stay on Hollinger board: Executives of Hollinger International Inc. -- owner of the Chicago Sun-Times and newspapers in London and Tel Aviv -- denied reports published in the New York Post last week that two members of its board of directors were planning to resign. A spokeswoman for Henry Kissinger told Reuters that the former U.S. Secretary of State did not plan to resign; the wire service's phone calls were not returned by the offices of the other board member, Israeli media executive Shmuel Meitar. Marie-Josee Kravis, wife of Henry Kravis of the leveraged buyout firm Kohlberg Kravis Roberts & Co., resigned from the Hollinger board earlier this month. Hollinger, controlled by Conrad Black, has been under scrutiny in recent months because non-executive investors believe the ownership structure and executive compensation favor company insiders, including Black.
*Times alters typeface: The New York Times, whose basic Page One design has remained unchanged since 1976, last week implemented the use of a new drawing of a classic typeface in an effort to "give a more unified appearance to the page." Tom Bodkin, the paper's design director and an assistant managing editor, said that though the changes were "subtle," the new type "will lend a greater coherence and elegance to the Times' front page, while better conveying the hierarchy of stories and improving legibility." The paper had used as many as six typefaces in headlines on the front page, a throwback to the days of pre-cast hot metal type, when there were a limited number of characters per typeface available. The new typeface, a redrawing of Cheltenham, was created by Matthew Carter, a noted typographer. No other changes to the front page were made.
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|Date:||Oct 27, 2003|
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