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Media

Media Digest 3/1/2007 Reuters, WSJ, NYTimes, Barron’s, FT

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By Douglas A. McIntyre Published
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According to Reuters, US bank regulators are about to issue guidelines for the sub-prime mortgage industry. The sector has been hurt by default rates.

Reuters writes that Ford (F) estimates that its restructuring costs will be over $11.1 billion with most of that going to cover lay-off.

The Wall Street Journal reports that Oracle (ORCL) is buying Hyperion (HYSL) to expand its footprint in the business intelligence software business.

The WSJ also reports that Blockbuster (BBI) is in late stage talks to buy movie download service Movielink.

The WSJ writes that Nokia (NOK) has built several handsets with GPS capabilities that allow users to get directions from one point to another.

The New York Times writes that the CEO of Sirius (SIRI) lobbied before Congress for its merger with XM (XMSR).

FT reports that private equity firms are considering buying the Home Depot (HD) wholesale supply business for as much as $11 billion.

FT reports that DirecTV (DTV) is considering whether it should offer broadband access to its 15 million satellite TV customers.

Barron’s reports that share in tobacco company UST could be hurt by a high valuation and increasing competition.

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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