Media executives gathered at the Argyle Executive Forum on Leadership in Media in New York, where there was more lamenting over old media's lack of clear business model in the Internet age than forecasting at the confab.
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News Corp.'s Rupert Murdoch is reported to be taking on rivals in bid for suburban New York newspaper. Why? Print still makes money.
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Hearst buys social shopping site Kaboodle, joins other old media companies in quest to grab piece of Web 2.0.
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Old and new media revise the rules of engagement.
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