Media Digest 4/6/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

According to Reuters Kirk Kerkorian has offered $4.5 billion to buy Chrysler from parent DaimlerChrysler (DCX).

Reuters writes that the CEO of Ford (F) received $39 million in compensation for 2006.

Reuters reports that Nintendo has forecast that it will have a 62% improvement in profit for the year ending March 31.

Reuters also reports that the shares of Vonage (VG) fell another 7% as it face a possible injunction against using patented technology from Verizon (VZ).

The Wall Street Journal reports that private equity firms are looking at store chain Kroger (KR) as a candidate for being bought out.

The New York Times reports that a system built by Ebay (EBAY) for brokering TV ads has not worked. Clients said that "it went to far in removing humans from the ad sales process."

The NYT reports that the Institutional Shareholder Services has recommended that shareholder withhold votes for the board of The New York Times (NYT) because of poor performance and the company’s two tiered ownerhsip structure.

The FT writes that KKR has walked away from making a bid for food chain Sainsbury.

Barron’s writes that several online advertising broker stocks could be takeover targets. These inclue 24/7 Real Media (TFSM) and aQuative ((AQNT).

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.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

CBOE Vol: 1,568,143
PSKY Vol: 12,285,993
STX Vol: 7,378,346
ORCL Vol: 26,317,675
DDOG Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ Vol: 4,367,433
CLX Vol: 13,260,523
SYK Vol: 4,519,455
MHK Vol: 1,859,865
AMGN Vol: 3,818,618