NewsWeek Hires DailyKos Blogger for Election Commentary

Darling of the liberal blogosphere, Markos Moulitsas, aka. The Daily Kos, is expected to contribute opinion pieces to both the printed magazine and website.  (One imagines NewsWeek editor Jon Meacham might be looking for a conservative counterpart.  Ann Coulter, keep your cell phone handy.)   Folio:  (Nov. 14, 2007) to Launch a Weekly Web Show

Fast on the heels of re-designs to its magazine and website, NewsWeek plans to introduce a weekly, web-based show about politics — leveraging their considerable pool of talking-head talent.  Increased emphasis online comes at the end of a difficult year for the printed magazine.  Ad sales were down in the first three quarters by 8.5% and newsstand sales dropped 9.3% to just over 100,000 an issue.   MediaDailyNews  (Nov. 14, 2007)

$8 Billion in Front-End Sales, Zero Costs

Retailers are reaping an annual $8 billion fortune in gift cards sold at the front-end that are never redeemed.  Now that’s a great checkout category!  Consumer Reports warns its readers not to contribute to this windfall in their December issue.  This holiday season, retailers are expected to sell more than $100 billion in this most popular gift category.  Advertising Age (Nov. 14, 2007)  Consumer Reports (December 2007)

Asda acknowledges cost of price war as it reports dip in profits

Asda (owned by Wal*Mart USA) has reported a dip in their quarterly profit. Asda underwent a price war in July with an additional £150 wave of price cuts leading up to the Christmas season. A spokesman for Asda has reported “We’d always planned to invest more heavily in the third quarter this year than last. Our profit remains ahead of plan for the year, as do our sales.” The Times of London (Nov. 14, 2007)

Sainsbury’s prepares for a Christmas fight

The pre-tax profit, for the six months leading up to October 26th, have increased for Sainsbury’s by approximately 20%. Sainsbury’s has also announced a new joint venture agreement with Land Securities. This venture will bear three freehold properties that has the potential to expand retail space. The Times of London (Nov. 14, 2007)

Tough times at Loblaw as competition takes its toll

A great deal of attention will be placed on Loblaw’s 3rd Quarter financials which are to be released tomorrow. Many analysts are rating Loblaw as a “sell”. Vishal Shreedar of UBS Securities of Canada believes that ” Loblaw has a sound strategy and should successfully restructure it’s operations in three-to-five years”. The Globe & Mail, Toronto (Nov. 14, 2007)

Quebecor World stock tumbles

Struggling printer Quebecor shares have decreased by more than 70% this year, compared to 2002. Yesterday Quebecor’s shares fell an additional 21.6%, after announcing their plans to sell off more than $693 Million in shares and debt securities in an effort to impact their balance sheets. The Montreal Gazette (Nov. 14, 2007)