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The paper has continued to discount heavily while marketing itself as a source of unbiased reporting in a deeply divided America. Some digital subscriptions begin at just $1 a week. “The first, and probably most significant driver, was the $1 a week introductory offer domestically, which ran I think the last 6 weeks to the quarter,” Chief Operating Officer Meredith Levien said on a conference call with analysts. The company’s digital advertising revenue, now responsible for over 70 percent of overall advertising revenue, jumped about 17 percent to $57.8 million in the third quarter, while print advertising revenue continued to decline.

(Reuters) - Twenty-First Century Fox Inc Executive Chairman Lachlan Murdoch said Thursday it is still an “open question” whether the company will buy back the regional sports networks it sold to entertainment company Walt Disney Co in July as part of a $71 billion deal, Speaking at the New York Times Co’s DealBook conference in New York, Murdoch, who will become CEO of the remaining company “New Fox,” said the company vintage 1950-60-s corvette car bearing cufflinks “will be inquisitive” in looking at the possibility of buying back the sports assets..

Disney won a bidding war earlier this year against cable company Comcast Corp to acquire Fox’s film and TV assets. But the U.S. Justice Department has said Disney, which owns cable sports network ESPN, must divest Fox’s 22 networks that provide sports programming for regional and local markets. Murdoch said New Fox, which will include the Fox News Channel and Fox Business Network, will be strong in live programming, but viewership for live entertainment programs specifically is declining in the industry. Live sports can help support live entertainment programming, he added.

FRANKFURT (Reuters) - JP Morgan (JPM.N) has no interest in buying vintage 1950-60-s corvette car bearing cufflinks Deutsche Bank (DBKGn.DE) the U.S, bank’s chief executive told German daily Handelsblatt, “It would not make any sense,” Jamie Dimon told the paper, “If you only buy a company just to consolidate it, it is almost impossible to do without killing the patient.”, Dimon told the paper that consolidation among Europe’s banks could make sense, and appealed for a common deposit insurance scheme in Europe..

FRANKFURT (Reuters) - An activist hedge fund led by the former finance chief of JP Morgan Chase (JPM.N) has taken a 3.1 percent stake in Deutsche Bank (DBKGn.DE), saying it backed new Chief Executive Christian Sewing’s efforts to turn around Germany’s biggest bank, but there was more to do. The move by New York-based Hudson Executive Capital LP, led by Douglas Braunstein, makes the hedge fund one of Deutsche Bank’s biggest investors and boosted its shares on Thursday. After three years of losses, a failed regulatory test, several attempts to restructure, a leadership shake-up and a ratings downgrade, many investors have lost faith in Germany’s flagship bank. Its shares have fallen 44 percent this year.

Hudson “sees significant long-term value in Deutsche Bank,” it said in a statement, “Recent actions, including changes in management and headcount reductions, demonstrate the resolve of the new management team to deliver on promises made to investors,” it added, However, it cited “still significant room” for the bank to use its funds more efficiently to improve returns, “Unfortunately, historical missteps have clouded the issues for many investors today and vintage 1950-60-s corvette car bearing cufflinks has led to sentiment uniquely bearish to Deutsche Bank,” Hudson said, “We believe we can now shine light on this opportunity.”..

Sewing, who took the helm in a sudden management change in April, welcomed the investment. “Doug Braunstein and Hudson Executive come with deep backgrounds investing in financial services companies,” he said in a statement. “We appreciate Hudson Executive’s confidence in our ability to execute on our strategic objectives.”. Braunstein said in an interview that Sewing’s promotion to CEO was the catalyst for his investment. Before, there was dysfunction and no clear strategy, he said.

“People say in the company that he has made more decisions in three months than the company made in the previous three years,” vintage 1950-60-s corvette car bearing cufflinks Braunstein said of Sewing, He said he was not seeking a seat on the bank’s supervisory board, Instead, the most valuable role he can play is to encourage other institutional investors to invest in Deutsche, he said, “They have to get on the bandwagon.”, Deutsche Bank's shares rose almost 3.5 percent in Frankfurt, outperforming Germany's DAX index .GDAXI of blue-chip stocks..

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