Media Digest 7/18/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, the board of Dow Jones (DJ) has approved a $5 billion offer from News Corp (NWS).

Reuters writes that British Imperial Tobacco has agreed to buy rival firm Altadis for $22 billion including debt.

Reuters also reports that strong earnings at Intel (INTC) were hurt by a drop in margins.

Reuters reports that Yahoo! (YHOO) reported lower earnings and gave a weak forecast.

Reuters also reports that RIMM (RIMM) will launch a Blackberry that works on cellular and WiFi.

Reuters also writes that Warner Music (WMG) has overtaken rival EMI in market share.

The Wall Street Journal writes that two Bear Stearn (BSC) hedge funds have no value due to the damage in the sub-prime lending sector.

The Wall Street Journal writes that Starbucks (SBUX) has named a COO.

The New York Times writes that Warner Music WMG) will not bid for EMI

The FT writes that Chrysler’s buy-out faces a rise in costs.

Barron’s writes that 3Com (COMS) has been approached by private equity firms.

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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