Media Digest 11/13/2006 Reuters, Wall Street Journal, New York Times

Stocks: (CCU)(IBM)(C)(GCI)(TRB)(NYT)(TM)(SUNW)According to Reuters, bids for Clear Channel are due today and two private equities firms are likely to bid on the largest radio network in the USReuters writes that IBM is joining Citigroup for a bid to control Chinese banking firm Guangdong Development Bank.Reuters reports that Gannett and former AIG CEO Maurice Greenberg are both considering bids for The Tribune Company. Greenberg has also expressed interest in buying the Boston Globe from The New York Times Company and purchasing Dow Jones.Reuters also writes that Samsung sees DRAM demand as being strong in Q1 2007.Reuters also reports that Mellon Financial is playing catch-up in China and plans to set up a fund management in the large Asian country.The Wall Street Journal writes that the CEO of KB Home is leaving after an investigation found that he back-dated his own options grants.The Wall Street Journal reports that Toyota in increasing its pace to take 15% of the global auto market by 2010 “amid surging sales in China and India”.The Wall Street Journal also reports that Sun will makes its Java software available on an open source basis making its easier to distribute with the open source Linux operating system.The Wall Street Journal writes that the CEO of Deutsche Telekom quit due to shareholder discontent over the pace of progress at the company.The Wall Street Journal reports that News Corp’s Fox will see inexpensive DVDs in China in a bid to put a dent in the piracy market there.The Wall Street Journal also reports that alternative fuels may 25% of US energy by 2025.The New York Times reports that short sellers are betting that new legislation will bring down the share prices at multilevel marketing companies like Tupperware.The New York Times reports that the new Zune multimedia player from Microsoft can locate other Zune players electronically and exchange files with them using wireless technology.Douglas A. McIntyre