DMGT’s consumer media profits bounced back by 46 percent over the last year - but, as with many companies lately, that’s mainly the benefit of recent cost savings including job cuts.

Harbinger Capital Partners, which once owned nearly 20 percent of the New York Times Co., has now cut that stake to under five percent, effectively bringing to an end a period in which the activist hedge fund had advocated for “bold action” to turn around the company’s performance and ultimately…

Former MySpace (NSDQ: NWS) co-president Jason Hirschhorn has been named to the new board of Metro-Goldwyn-Mayer Studios, marking another stop on one of the media business’ more unpredictable but interesting career arcs.

Most Americans have never heard of a company called WiLan, but that company is now claiming that it should get a cut of many of the cable modems sold in the U.S. The Canadian company, which used to make wireless products, now makes its living suing companies for patent infringement.…

Joshua Schachter, who sold Delicious to Yahoo (NSDQ: YHOO) five years ago is starting again with a new social startup, Tasty Labs. Schachter said a year ago that he regretted selling the social bookmarking site, saying that the “cash and freedom do not even come close” and that he “would…

About 12 months ago, Swedish cross-media operator Bonnier tapped London design house BERG to conceptualise a possible future for magazines on tablets. The Mag+ concept became the underpinning of its Popular Science and other magazines on iPad.

Lonely Planet’s Melbourne-based digital director Kelly Brough is leaving after about 18 months in the role. Her exit was announced to staff Tuesday, but there’s no word of a replacement yet.

Publishers are increasingly confident about the prospects for tablet editions in the post-print area. But, when it comes to actually monetising the opportunity, Android’s limitations mean iTunes Store remains the only real game in town for the forseeable future.

The legal drama between social gaming rivals Zynga and Playdom is now over. The two companies say they have reached a “confidential resolution” of their ongoing litigation. Zynga had sued Playdom last fall, accusing its rival of stealing trade secrets—including documents that detailed the company’s business strategy—by recruiting Zynga employees;…

Just last week Google (NSDQ: GOOG) CEO Eric Schmidt pronounced network neutrality dead for the year. Shows you what he knows.

Nic Newman’s Tigerspike, a digital design agency, has developed seven iPad apps for News Corp. (NSDQ: NWS), including The Times’ Eureka and The Australian, as well as for The Daily Telegraph, The Economist and others. What I notice from our research and analytics is how long the tablet experience is.…

For all the fuss over Steve Burke laying out the planned structure for a post-approval Comcast-NBC Universal (NYSE: GE), you’d think this was something new. It’s not.

Rupert Murdoch is getting serious about the education business. First, News Corp (NSDQ: NWS) hires New York City Education Chancellor Joel Klein. Now, it’s acquiring 90 percent of Wireless Generation for roughly $360 million in cash. The Brooklyn-based company provides education technology for teachers.

Poor Apple (NSDQ: AAPL) TV was starting to get overshadowed in recent months with all the attention being paid to the likes of Google (NSDQ: GOOG) TV and Boxee. But Monday’s unveiling of iOs 4.2 should bring back some buzz for a device no one should underestimate.

Blockbuster (NYSE: BBI) filed for bankruptcy protection in September, but it hasn’t given up on fighting Netflix (NSDQ: NFLX) et al. just yet. The company is spending between $15 million and $20 million in part to advertise that it has titles from major studios including Twentieth Century Fox, Warner Bros.…

ProPublica is going public today as the latest customer of Press+, the payment platform from Journalism Online.The investigative nonprofit is the most high-profile addition so far from a recent grant by The John S. and James L. Knight Foundation designed to encourage its grantees to try new methods of raising…

BSkyB (NYSE: BSY) is trying to justify its possible takeover by Rupert Murdoch’s News Corp (NSDQ: NWS). with an intriguing defence - that the abundance of the online age mitigates any dominance the combined group might have had…

After more than a year sucking Last.fm’s energies over to America, is CBS (NYSE: CBS) finally letting the music site have a bit of London fun again? CBS Interactive Music Group is appointing Sony (NYSE: SNE) Music exec Matthew Hawn as Last.fm’s vice president of product, based at its office…

Surely you recall Springtime for Hitler, that intentionally misbegotten musical dreamed up by the schemers in Mel Brooks’ comedy classic The Producers. If BTIG Research analyst Richard Greenfield has it right, Time Warner Cable (NYSE: TWC) may have borrowed from Brooks’ playbook for TV Essentials, its new low-priced cable package.