Diller: 'Ask Is Not For Sale'

In case you didn’t get it the first few times, yes, IAC (NSDQ: IACI) Chairman and CEO Barry Diller still believes the search market will consolidate—and no, he isn’t trying to make it happen.

@ Local Online: McClatchy's Pruitt: We're Comfortable With Ad-Supported Model

Taking the podium during day two of Borrell Associates’ Local Online Advertising Conference, McClatchy (NYSE: MNI) chairman and CEO Gary Pruitt described his mixed feelings of ease and discomfort standing there.

MySpace And TargetSpot Partner On Audio Ads

MySpace has begun rolling out 30-second audio ads, as the News Corp (NYSE: NWS). site continues its shift from a general social network to an entertainment showcase.

WMG's Bronfman Does A Murdoch, iTunes Will Be 'Dwarved'

Warner Music Group (NYSE: WMG) CEO Edgar Bronfman Jr. couldn’t have made it more clear - the music industry wants to ween itself off its Apple (NSDQ: AAPL) dependency, and it will get do just that when iTunes comes under massive competition pressure from new unlimited and mobile services…

“Digital growth has slowed following iTunes’ introduction of a variable pricing model in April 2009,” he told analysts on WMG’s Q1 earnings call.

Trade Publisher Penton To File For Chapter 11 Bankruptcy

Penton, the trade publisher, has filed for Chapter 11 bankruptcy protection, reports Folio.

Morningstar Acquires Financial Blog Footnoted.org

Morningstar has done an unusual and small acquisition: it has bought financial blog Footnoted.

WMG Finds Music Growth Overseas As U.S. CD Sales Skip

Forget the last 10 years of post-Napster industry annihilation - Warner Music Group (NYSE: WMG) is now seeing growing income from both music sales and music publishing - but only if you factor in overseas sales; the U.

IAC Writes Down Search Business; Takes $1 Billion Loss For Q4

IAC (NSDQ: IACI) bit an accounting bullet in Q4, taking a $991 million impairment charge for its search & media business—including Ask and excluding Citysearch.

Trinity Mirror Buying GMG Regional Media For £44.8 Million

Trinity Mirror (LSE: TNI) still sees value in local newspapers, even if Guardian Media Group doesn’t.

Rusbridger: 'iPad Could Produce Significant Revenue Streams'

It’s not exactly a great leap from publishing an iPhone app to offering one on the soon-to-be-released iPad - not only will the former will run on the latter; the skillset for developing the latter won’t be significantly different.