Media Digest 2/5/2007 Reuters, WSJ, NYTime, Barron’s, FT

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, Vornado Realty Trust (VNO) increased its bid for Equity Office Properties (EOP) to $23.2 billion in an attempt to win the company from Blackstone.

Reuters writes that The London Stock Exchange has reiterated its opposition to a bid from Nasdaq (NDAQ).

The Wall Street Journal writes that GE (GE) is set to name Jeff Zucker as the CEO of its NBC Universal division.

The Wall Street Journal reports that Triad Hospitals (TRI) is expected to announce it has been sold to private equity interests for $4.4 billion.

The WSJ writes that GM (GM) may have "over corrected" in cutting car discounts in January, driving unit sales down.

The WSJ reports that Michael Dell (DELL) has sent a memo to employess saying that the company will not offer 2006 bonuses.

The New York Times writes that Yahoo! (YHOO) is placing its hopes on closing the gap in search engine ad with Google (GOOG) on its new Panama technology.

The New York TImes writes that much of cell phone use in China is driven by online games and instant messaging. The big winner so far is Chinese company Tencent.

FT reports that a US court will take up the question of "scheme liability" which could put banks, lawyers and business partners on the hook when a public company goes under because of fraud.

Barron’s writes that growth of video on demand from companies like Comcast (CMCSA) could hurt profits and revenue at firms like NetFlix (NFLX), Blockbuster (BBI) and Movie Gallery (MOVI).

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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