From AP via globeandmail.com:

The World Association of Newspapers says it opposes a pending deal on advertising between Yahoo Inc. and Google Inc. The Paris-based group wants European and U.S. regulators to block the deal on antitrust grounds.

WAN says the agreement would reduce the cost of paid search advertising and lower revenues for newspaper and other websites, which receive payment from the online giants.

WAN says it fears the deal would give Google “unwarranted” market power in parts of the online ad business. Yahoo expects the deal to generate $800-million in annual revenue.

Yahoo and Google say the deal only affects North America, but WAN alleged Monday that European newspapers would be affected.

The U.S. Justice Department is investigating the deal.

From the NYT: "The Big Money aims to be something in between authoritative print sources of business news and the myriad of newly minted business blogs."

From the NYT's BITS blog:

The venerable Wall Street Journal will activate a revamped version of its Web site, WSJ.com, early Tuesday morning.

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Back in August, the NYT ran a remarkable article talking about second mortgages -- the other shoe to drop in the ongoing U.S. financial crisis. Today's festivities prompted me to revisit it and post a link.

The Star's Martin Knelman piles on the TIFF-bashing.