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...Among some journalists at the Guardian, the belief is that Lebedev will be more cautious and drop the price of the daily paper from ?1 to 50 pence in order to undercut the competition. This strategy is certainly more realistic. Lebedev can afford to take the financial risk, having made a fortune through the $668 million sale of his stake in Aeroflot, the Russian airline, and other businesses in his native country earlier this year...
...London's City University. Even the 50-pence-a-day model fails to convince Brock, who argues that a price cut works only as part of a long-term strategic plan. When the Times of London cut its prices in the early 1990s to undercut its rivals, the move made sense only as part of a "seven or eight"-year plan, he says. Circulation did increase, and eventually the newspaper was able to raise its prices again. (Read "From Soviet Agent to London Newspaper Proprietor...
...another recent episode has become emblematic of both Berlusconi's grip on the press and the potential for new media to undermine his control. On Feb. 25, an Italian court dismissed the case against a lawyer who had been found guilty of taking bribes from Berlusconi. The court made no ruling on the evidence - it simply closed the case because the 10-year statute of limitations had expired. But when RAI's flagship channel reported the news during its lunchtime broadcast, the presenter announced that the lawyer had been "acquitted" of the charges. Until recently, the comment would have gone...
...those relationships are likely to be tested in the tussle over a package of wide-ranging constitutional reforms that was due to be introduced to parliament on Friday, whose purpose is to reverse changes made by previous military rulers, trim the power of the presidency, and alter the procedure for Supreme Court appointments. The bill would take Supreme Court appointments out of the hands of the president, who now makes nominations after consulting with the chief justice, and place them before a government legal committee that also includes several justices. Unlike the present system, judges would have to be confirmed...
...religious Shi'ite parties began to splinter, Allawi's political fortunes began to turn around. It helped, too, that his successors as Prime Minister - Ibrahim al-Jaafari and al-Maliki - were unable to deliver clean and efficient government. Allawi's party made a strong showing in last year's provincial elections, and that allowed him to unite a strong coalition of secular and Sunni parties under the Iraqi banner...