Jewish & World News

Sheldon Adelson sued a Wall Street Journal reporter for libel for calling him “foul-mouthed.” The lawsuit filed on Feb. 22 seeks "damages, including aggravated, exemplary and special damages," for a December article co-written by Kate O'Keeffe. Only O’Keefe is named in the suit, The Wall Street Journal reported Monday.

U.S. newspaper circulation dropped 8.7 percent in the six months through March, led by declines at USA Today, the New York Times and the Los Angeles Times. The Audit Bureau of Circulations today released daily average circulation figures for 602 newspapers. The latest decrease slowed from an 11 percent fall in the period through September, compared with a year earlier. Daily circulation at Gannett Co.’s USA Today fell 14 percent to 1.83 million and the New York Times dropped 8.5 percent to 951,063, ABC said. News Corp.’s Wall Street Journal, the largest U.S. publication by circulation, gained 0.5 percent to 2.09 million, according to ABC data. Tribune Co.’s Los Angeles Times saw its daily circulation decline 15 percent to 616,606, according to ABC. BusinessWeek

Wall Street is bracing for the New York Times to get bloodied in an ad war with The Wall Street Journal, which is spoiling for a fight after launching its local metro section today.