Media Digest 6/29/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, the Apple (AAPL) iPhone will hit stores today giving the mobile industry a jolt.

Reuters writes that GM (GM) has sold its Allison Transmission business for $5.6 billion.

Reuters reports that the NBC CEO says that his company’s decision to pass on Dow Jones (DJ) due to the size of the premium Rupert Murdoch would pay.

The Wall Street Journal writes that Research In Motion’s (RIMM) profits rose 73% on the last quarter.

The Wall Street Journal reports that Qualcomm (QCOM) was rejected a patent dispute settlement that would have paid rival Broadcom (BRCM) over $1.5 billion.

The Wall Street Journal also reports that Netflix (NFLX) has lowered the cost of its service to match rival Blockbuster (BBI).

The Wall Street Journal writes that NBC and News Corp (NWS) have named a former Amazon exec to run their new online video joint venture.

The New York Times writes that the CEOs of Apple (AAPL) and AT&T (T) defended using a slower network for the iPhone.

The New York Times writes that music publisher EMI will sell music on new internet stores that can be added to other websites.

FT writes that global M&A deals rose 50% in the first half of the year.

Barron’s writes that Palm (PALM) accounced disappointing quarterly results and poor guidance.

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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