• By Sharon Waxman

    Feb 26 ( - Jay Penske has finally unveiled a strategy for his vision of Variety, a necessary move but one fraught with financial risk.

    On Tuesday, with the Klieg lights barely cooled from the Oscar ceremony, the trade's new owner (below, with actress Devon Aoki) announced that Variety is dropping its daily print edition, "ending" the website paywall (which is curious, because the paywall has been gone for months) and moving editor Tim Gray aside for a triumvirate of three.

    LAST UPDATE : Feb 26, 2013, 2:12 PM EST
  • A National Union of Journalists, NUJ, placard is seen taped to a post outside the BBC Television Centre in White City, London, Monday, Feb. 18, 2013.

    Staff mounted picket lines outside of the BBC's studios in central London and around the country. Programs went on, but many shows were canceled.

    LAST UPDATE : Feb 18, 2013, 6:53 AM EST
  • This combination of Associated Press file photos shows, left, a sign outside the Comcast Center in Philadelphia in July 2010 and right, the entrance to the Universal Studios theme park in Los Angeles, on Dec. 3, 2009.

    Comcast's $16.7 billion deal to buy the remaining half of NBCUniversal ahead of schedule represents a resounding vote of confidence in the future of TV.

    LAST UPDATE : Feb 13, 2013, 5:57 PM EST
  • Pedestrians walk near the Tribune Tower, headquarters of the Tribune Company on June 7, 2012 in Chicago, Illinois.

    Tribune Co. said the reorganized media company begins Monday with new ownership — the senior creditors — and a new board of directors.

    LAST UPDATE : Dec 31, 2012, 7:49 AM EST