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Michelle Makes a Splash in Mexico

Trip designed to improve US-Mexican relations

(Newser) - Michelle Obama made a splash south of the border today, reports the AP , launching her first official trip on her own as she landed in Mexico City last night after a day of touring quake-ravaged Haiti. Obama's two-day stay in Mexico's capital will focus primarily on youth, with the majority... More »

Time Warner Posts $16B Loss on Declining Media Value

Conglomerate takes $25 writedown as publishing, Net assets cheapen

(Newser) - Time Warner reported a shattering fourth-quarter loss of $16 billion, prompted by plunging ad sales and a $25 billion goodwill writedown to reflect the decline in cable, publishing, and Internet assets, Bloomberg reports. While the media conglomerate took a hit from plummeting revenue at AOL and its magazines, rising revenue... More »

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