News Corp surpassed analyst expectations in quarterly earnings announced today, but the numbers reflected two wildly divergent trends.

Delaying DVD and Blu-ray rental releases to outlets including Netflix (NSDQ: NFLX) and Redbox made the magic of Harry Potter even more potent. That was some of the takeaway from Time Warner (NYSE: TWX) Inc.‘s fourth-quarter financial report to investors Wednesday. Driven partly by strong disc sales of its eighth…

UK pay-TV and broadband telco Virgin Media clocked its first annual profit in 2011, as its TV set top boxes continued to be an engine of video on-demand viewership.

Today brings news of yet another round of capital-intensive cost-cutting for the challenged mobile phone maker Nokia: the company today announced that it would be transferring smartphone assembly from factories in Hungary, Finland and Mexico, and putting the operation in Asia.

Mail Online’s annual revenue growth rate has accelerated to a high of 70 percent following its big push in to the U.S., its publisher DMGT reported in Wednesday’s interim disclosure for its October-to-January earnings.

Magazine and web publisher Future has hit a key milestone in the media industry’s great transition - UK digital revenues made up for print revenue falls between October and December.

McClatchy (NYSE: MNI) Company’s fourth quarter operating earnings beat analysts’ predictions, while the newspaper chain also reported an overall boost from investments in online properties like Cars.com and Apartments.com.

Global holiday-quarter books revenue dipped by 3.8 percent at Hachette operator Lagardere Publishing despite booming western e-book sales, the Lagardere group reported, as it warned it would write off almost €1 ($1.3/£0.83) billion against other group activities.

Demand Media (NYSE: DMD) rival Populis is continuing to build up its non-English blog network and publishing business through acquisition, this time expanding out of Europe in to Latin America.

Marketers in China are fast moving advertising spend from offline to internet, one of the country’s largest online operators, Sohu (NSDQ: SOHU), said, as it reported record quarterly revenue to its Nasdaq investors.

It’s not digital advertising in the sense of display ads and search results, but it looks like we are getting a bit more color on what it is that Facebook will do first in the world of mobile marketing, and it could be coming online “within weeks.”

B2B publisher UBM is off-loading its UK magazines for farmers and doctors, as it looks to further exit the direct content publishing business in favour of data, marketing and events.

Much has been made of the mobile risks that Facebook laid out in its S-1 IPO filing earlier this week. Essentially, it’s seeing/pushing massive growth in mobile, but it still hasn’t tried out advertising, its most effective route to revenues, on this platform. That’s not to say it won’t. But…

Late last year, the New York Times (NYSE: NYT) relaunched its tech blog to add more reporters and more video—in hopes of pulling in more ad revenue. That followed an even larger buildup of its business and finance blog, Deal Book. Now, the company will be giving the same treatment…

Nickelodeon, usually a ratings star, has been on a slide recently, and several analysts this week put the blame on Netflix (NSDQ: NFLX). On Thursday, Viacom (NYSE: VIA) CEO Philippe Dauman weighed in. 

Apartment-letting site Airbnb will get investment, endorsement and distribution from the publisher of Europe’s most-read newspaper.

Higher online circulation was a small bright spot in an otherwise gloomy earnings report for the New York Times Company (NYSE: NYT), which is still looking for a CEO who can implement a comprehensive digital strategy.

Two European companies are this week taking venture capital in the games space…

Sony’s new president and CEO has quite a task on his hands. A day after Kazuo Hirai was appointed to replace Howard Stringer, who remains as chair, he announced the company plummeted in to the red by 320 percent.