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Media

Media Digest 2/20/2007 Reuters, WSJ, NYTimes, Barron’s, FT

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By Douglas A. McIntyre Published
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According to Reuters, Sirius (SIRI) will by XM (XMSR) for $4.6 billion in stock.

Reuters writes that EMI Music has been approached by Warner Music (WMG) about a possible merger or buy-out.

Reuters reports the profits at Barclays (BCS) surged and its said its bad debt was improving.

The Wall Street Journal writes that Viacom (VIA) has decided to license content to Joost, a internet distributor of commercial video. The move comes after Viacom had Google’s YouTube (GOOG) take down a number of the big media company’s videos.

The New York Times says a number of companies have asked to look at Chrysler’s (DCX) books now the the company is for sale.

The FT says that Ebay is fighting an effort by the IRS to get data on the big auction operations’ data so that it can go after some merchants for back taxes.

Barron’s reports that Timken (TKR) is in the midst of a turnaround that may well be successful. But, the stock may fall before it rebounds.

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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