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Media

Media Digest 12/30/2006 (T)(BLS)(AAPL)(DCX)(GOOG)

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By Douglas A. McIntyre Published
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Accordng to Reuters, AT&T closed it $86 billion to merge with BellSouth, overcoming early FCC resistance.

Reuters writes that Apple restated earnings due to options backdating but stood by CEO Steve Jobs.

Retuers reports that workers at Goodyear have approved a three-year labor pact.

The Wall Street Journal writes that DaimlerChrysler has signed a deal with Chinese auto company Chery to make small cars for the large German-based auto concern.

The New York Times reports that Chines web portal Sohu.com was ordered to pay $140,000 for distribution of movies from US studios.

The FT reports that YouTube’s failure to complete its anti-piracy software has hurt Google’s chances to cut deals with key content providers.

Barron’s reports that the new AT&T/BellSouth faces increased competition from cable, flat revenue and increased expenses which will put pressure on its stock price.

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.

Continue Reading

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