Orange County Register’s owner files for bankruptcy protection in prepackaged petition

SAN FRANCISCO — The company that owns The Orange County Register in California and dozens of other newspapers on Tuesday became the latest publisher to seek bankruptcy protection, driven into financial despair by a staggering drop in advertising revenue.

Joost exits consumer online video business, to focus on serving businesses

Struggling online video startup Joost, begun with much fanfare in 2007 by the same people behind Skype and Kazaa, is restructuring its business after discovering that it can’t survive on advertising to fund its operations.

Disney’s quarterly income plunges 46 percent on declines at studio, theme parks

LOS ANGELES — The Walt Disney Co. said Tuesday its second-quarter net income fell 46 percent, dragged down by an underperforming movie slate and the impact of the recession on its theme parks. But its results narrowly beat Wall Street forecasts and its shares rose.