Cheng, trying to put together a newspaper group with at least 5 people for the school magazine.

The newspaper group, they said, would only match the market's performance over the next six to 12 months.

After graduating, he took job as a reporter with the local newspaper group.

Instead, it is owned by three newspaper groups that keep an anxious watch on its bottom line.

Over all, the newspaper group reported a 6.1 percent increase.

The operating profit at the newspaper group rose 13 percent for the year, to $297.1 million.

Spanish and Italian newspaper groups, which already own 39% of the company, may now increase their stake.

Operating profit for the company's newspaper group as a whole increased 14.2 percent, to $147.8 million.

The main reason behind the public offering in the newspaper group is to reduce debt.

All of this because a Swedish newspaper group is trying to give away news for nothing.