Heritage will pay a special dividend of between 90 pence and 100 pence per share as part of the deal, which could be announced as soon as tomorrow, the newspaper said. Heritage shares the fields with Tullow Oil Plc, the newspaper reported.
Heritage and Eni declined to comment, the newspaper said. Tullow Chief Executive Officer Aidan Heavey said potential new partners include unidentified “Chinese and major oil companies,” the newspaper reported.
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New York Times Co.s namesake newspaper is taking the latest shot today with the debut of two pages of local content in Chicago editions. News Corp. this month told employees of New York-based Dow Jones & Co., which includes the Journal, that the company was considering additional metro coverage in Chicago and Los Angeles, two people with knowledge of the situation said last week.
Publishers are increasing newsstand and subscription prices as ad sales slide. Third-quarter circulation revenue exceeded ad sales for the first time at Times - - - - >

Oct. 15 (Bloomberg) — Russias government increased pressure on Renault SA, Frances second-biggest carmaker, to help debt-laden partner OAO AvtoVAZ stay in business.
Renault, which owns one-quarter of AvtoVAZ, needs to help Russias largest carmaker develop a broader range of cars to remain competitive, the Industry and Trade Ministry said in a statement. Plunging sales will push AvtoVAZs debt to financial creditors and component suppliers to about 86 billion rubles ($3 billion) in the next three months, the ministry said.
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CVS MinuteClinics in Austin, Texas, and New York ran out of the seasonal-flu vaccine within the past week before restocking, according to calls to 13 stores by Bloomberg News. Calls to eight Walgreen stores in Manhattan on Oct. 5 determined none had it at the time. There are also shortages in the South and Southeast, said James Cohn, a Walgreen spokesman.
Demand for seasonal-flu vaccinations has soared because of public awareness of the H1N1 virus, known as swine flu, Cohn said. Walgreen administered twice as many doses - - - - >

The comments from Tom Curley of The Associated Press and News Corp.s Rupert Murdoch come as the media industry struggles in the Internet age. Many news companies contend that sites such as Google have reaped a fortune from their articles, photos and video without fairly compensating the news organizations producing the material.
“We content creators have been too slow to react to the free exploitation of news by third parties without input or permission,” Curley, the APs chief executive, told a meeting of 300 media leaders in Beijing.
“Crowd-sourcing Web services such as Wikipedia, YouTube and Facebook have become preferred customer destinations - - - - >

Nearly two-thirds of Americans think the news stories they read, hear and watch are frequently inaccurate, according to a poll released Sunday by the Pew Research Center for the People & the Press. That marks the highest level of skepticism recorded since 1985, when this study of public perceptions of the media was first done.
The poll didnt distinguish between Internet bloggers and reporters employed by newspapers and broadcasters, leaving the definition of “news media” up to each individual who was questioned. The survey polled 1,506 adults on the phone in late July.
The survey found that 63 percent of the respondents - - - - >

The filing was part of a prepackaged plan approved by a majority of Freedoms lenders. The consensus on the proposed restructuring should minimize that haggling that can bog down bankruptcy proceedings.
“Reaching this agreement with our lenders provides us with an orderly process to realign our balance sheet with the realities of todays media environment,” said Burl Osborne, a newspaper industry veteran who became Freedoms chief executive two months ago.
Osborne said Freedom still has ample cash to finance its operations and pay its bills. The company sought to assure customers that the bankruptcy filing wouldnt affect the day-to-day business.
In a Chapter - - - - >

James Murdoch, the 36-year-old executive in charge of News Corp.s businesses in Europe and Asia, spoke late Friday at the Edinburgh International Television Festival - 20 years after his father delivered a keynote speech at the same event.
“In this all-media marketplace, the expansion of state-sponsored journalism is a threat to the plurality and independence of news provision, which are so important for our democracy,” Murdoch said.
The BBC is subsidized by the British government and funded, in part, by television licenses that consumers must pay if they use a television.
Rupert Murdochs News Corp. controls British - - - - >

The decision was made Aug. 14, after GM earlier in the week showed the SUV and other future vehicles to consumers, dealers, employees, analysts and news reporters, Vice Chairman Tom Stephens said yesterday on a company blog. One blogger called it “hideous” and users of Twitter dubbed it the “Vuick.”
“We were all struck by the consistency of the criticism,” Stephens wrote. “It didnt fit the premium characteristics that customers have come to expect from Buick.” He didnt elaborate on the vehicles shortcomings. - - - - >

Cronkite died with his family by his side Friday night at his Manhattan home after a long illness, CBS vice president Linda Mason said. Marlene Adler, Cronkites chief of staff, said Cronkite died of cerebrovascular disease. He was 92.
“Its hard to imagine a man for whom I had more admiration,” Mike Wallace of “60 Minutes” said on CNN. “… He was a superb reporter and honorable man.”
Cronkite was the face of the “CBS Evening News” from 1962 to 1981, when stories ranged from the assassinations of President John F. Kennedy and the Rev. Martin Luther King Jr. to racial and - - - - >