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Media

Media Digest 1/15/2007 Reuters, WSJ, NYTimes, Barron’s, FT

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By Douglas A. McIntyre Published
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According to Reuters, GE (GE) is buying the aerospace unit of Britain’s Smith Group. The price is $4.8 billion. GE hopes to use the business to take advantage of the growing order base of new aircraft.

Reuters writes that US communications tech firm Arris is buying Tanderberg Television of Norway. The price is $1.2 billion.

Time Warner’s (TWX) AOL units is offering $900 million for the Sweden’s online ad company Tradedoubler.

The Wall Street Journal reports that the US Navy ordered Lockheed Martin to stop work on a new warship due to cost overruns.

The New York times reports that Citigroup (C) may shorten its name to Citi.

The New York Times reports that Google’s (GOOG) YouTube has help create significat buzz for Hollywood films prompting them to consider working with the video sharing site.

The FT reports that the amount of debt that is rated CCC (junk) is rising and now represents 16% of the debt rated in the US.

Barron’s reports that GE (GE) may be looking for a tech deal in the internet or communications industries.

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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