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Media Digest 5/21/2007 Reuters, WSJ, NYTimes, FT, Barron’s

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By Douglas A. McIntyre Published
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According to Reuters, TPG Capital and the buyout arm of Goldman Sachs will pay over $25 billion to take Alltel (AT) private.

Reuters writes that the Chinese government will take a $3 billion stake in US buy-out firm Blackstone.

Reuters also writes that the head of Merck (MRK) has forced out that company’s CFO and head of research.

Reuters reports that Clear Channel (CCU) will offer a service that allows mobile phone users to text message song requests to radio stations.

The Wall Street Journal writes that Siemens (SI) has named Merck executive Peter Löscher as CEO.

The Wall Street Journal also reports that Alcatel-Lucent (ALU) will offer a product that will help companies "clamp down on security breaches on the laptops of their on-the-go employees "

The New York Times reports that two women’s healthcare companies, Cytyc Corporation and Hologic (HOLX), will merge.

The FT reports that Merrill Lynch (MER) will "introduce a flatter leadership structure for its markets and investment banking operations that will split responsibility between a group of senior executives."

Barron’s reports that shareholders would be better off if large companies raised dividends instead of pushing share buy-backs.

Douglas A. McIntyre

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

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