Media Digest 4/13/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, CBS (CBS) fired talk show host Don Imus due to racial remarks he made on his program.

Reuters writes that Sallie Mae (SLM) the largest student loan company is considering going private.

Reuters reports that Polo Ralph Lauren (RL) plans to buy its Japanese licensee for $345 million in an attempt to increase its presence in that market.

Reuters reports that Sony (SNE) shares hit a five year high on a report in a Japanese newspaper that is profits would improve due to strong sales of flat screen TVs.

The Wall Street Journal reports that an FDA panel rejected giving approval to Merck‘s (MRK) new arthritis drug Arcoxia.

The WSJ reports that Samsung’s profits dropped 15% on slow sales of semiconductors.

The WSJ writes that Nasdaq (NDAQ) is in talks to buy Nordic exchange operator OMX AB.

The WSJ reports that newspaper chain McClatchy (MNI) has quit an online ad venture with The Tribune Company (TRB) and Gannett (GCI) to join a similar venture being formed by Yahoo! (YHOO).

The FT reports that Dow Chemical (DOW) fired an officer and a director because they had secret talks with outsiders about purchasing the company.

The CEO of troubled VoIP company Vonage (VG) stepped down and was replaced by the company’s founder, according to The New York Times.

Apple  (AAPL)is delaying its new operating system until the fall because engineers had to be moved to working on the new iPhone, according to the NYT.

Barron’s writes that Bear Stearns has upped its estimates on Yahoo! (YHOO) on the belief that its new Panama search technology will help earnings.

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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