Reuters - Tribune Co plans to keep a 5 percent stake in the Chicago Cubs after it sells the professional baseball team in a deal that could save the media company millions of dollars, a source familiar with the plans said on Wednesday.

Reuters - One of The Wall Street Journal's top editors is resigning several weeks after parent company News Corp and its chief Rupert Murdoch named one of Murdoch's longtime associates to run the paper.

Reuters - Yahoo Inc trumpeted a series of new advertising deals on Wednesday in a bid to alleviate shareholder pressure, even as the company continues "engaged" discussions over a deal with Microsoft Corp.

Reuters - With the high definition DVD format war settled, Wal-Mart Stores Inc is now aggressively promoting sales of Blu-ray players.

Reuters - The National Hockey League announced two deals on Tuesday, one covering broadcast rights in Canada and another a marketing deal with Anheuser-Busch Cos Inc, believed to be worth $275 million combined.

Reuters - Top U.S. cable operators Comcast Corp and Time Warner Cable Inc will begin testing ways this week to limit individual subscribers who use the largest amount of Internet capacity in an effort to protect their high-speed networks.

Reuters - Multinationals have paid a king's ransom for their right to sponsor the Olympics and they are scanning the horizon for ambushes as they drive the marketing bandwagon towards Beijing.

Reuters - Paramount Pictures has downsized the art-house division that helped produce the Oscar-winning movies "No Country For Old Men" and "There Will Be Blood."

Reuters - Yahoo Inc executives dismissed a search-advertising deal with Google due to antitrust concerns, one day before Microsoft Corp made its takeover offer earlier this year, according to court documents made public on Monday.

Reuters - Time Warner Cable Inc on Thursday will begin testing a service that charges consumers of high-speed Internet service based on their usage.