New York - The New York Times Co. (NYSE: NYT) plans to shutter the website for the International Herald Tribune (IHT.com), and move its content to the flagship NYTimes.com website, Fortune.com reports. NYTimes.com general manager Vivan Schiller told Fortune the move was "absolutely, positively not about cost savings," but instead about growth. According to comScore, NYTimes.com drew 19.4 million unique visitors in August, compared to 2.5 million for IHT.com.

Hollywood - Buzznet, a social network and publisher of music-focused websites that includes Stereogum, Absolute Punk, Idolator, Vampire Freaks, FOE and The Gauntlet, announced on Wednesday that it has hired former New York Times music reporter Jeff Leeds as its new editor-in-chief. The company also named former Alternative Press magazine managing editor Leslie Simon as senior editor.

New York - The New York Times (NYSE: NYT) on Tuesday debuted its TimesPeople social network, which allows registered users to create profiles, add friends, and launch a news feed that tells others when they have recommended or commented on a NYTimes.com story. This feed can then also be added to a reader's Facebook profile.

New York - This year could wind up as the worst on record for the newspaper advertising industry, which is dealing with long-term industry changes as well as the weakened economy and housing market, The New York Times reported on Monday. After an 8% decline in advertising revenue last year, newspapers are seeing an additional 12% drop so far this year, and financial reports issued by some recently would suggest a 14-15% decline in May.

New York - The New York Times has announced to editorial employees that it will cut 100 jobs from the company's newsroom this year, the Associated Press reported on Thursday.

The New York Times blog known as The Medium posted a potentially disastrous article about Republican presidential candidate Ron Paul on Monday, and today an editor recanted much of the information. The article begins, “Ron Paul, our Internet president, seems to have Nazi troubles, as in they’re saying he’s one of them.” Stormfront, which the blog calls “a ‘white nationalist’ Internet community,” donated money to Paul, according to The Medium, something the editor’s note now says is untrue. However, Stormfront’s founder, Don Black, did donate $500 to the campaign.

NYTimes.com wasn’t the first traditional media brand to aggregate third-party content — and it certainly won’t be the last. But the New York Times, once considered the national newspaper of record, represented one of the last bastions of the traditional media approach to content, i.e. we produce it ALL ourselves.

New York - The New York Times announced on Monday that it will shutter its TimesSelect subscription service, which had kept older articles and its roster of op-ed writers in a pay-to-view area of its website, opting instead to open its archives to potential advertising revenue.

The issue of whether Google’s indexing of news sites constitutes copyright infringement is likely to receive more attention following a report that Google has entered into licensing agreements with several large UK news groups, similar to the licensing deals that Google has made with the Associated Press in the U.S. and Agence France-Presse in France. Duncan Riley at TechCrunch is predicting the end of news indexing as we know it, but I’m not so sure.