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Media

Media Digest 5/15/2007 Reuters, WSJ, NYTimes, FT, Barron’s

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By Douglas A. McIntyre Published
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Reuters reports that Thomson (TMS) has agreed to buy Reuters (RTRSY) for $17.2 billion.

Reuters writes that News Corp (NWS) has offered a seat on its board to a member of Dow Jones (DJ) controlling family if it accepts the sale of the financial information company to Murdoch’s media giant.

Reuters also reports that the Ford family has had no discussions to sell part of its stake in Ford (F). Earlier reports said otherwise.

The Wall Street Journal reports that IAC/Interactive (IACI) will buy a portion of artist representation operation Front Line Management. The move gets IACI further into the entertainment industry.

The Wall Street Journal also reports that web-based software services from companies like Google (GOOG) are growing quickly. Revenue from the industry should rise to $19.3 billion in 2011 from a current level of $6.3 billion.

The New York Times reports that state attorneys general have criticized MySpace for not doing enough to block sexual predators.

FT reports that new IPO Bank of Communications rose 79% in its debut on the Shanghai market, raising fears that the bubble in that market is growing.

Barron’s reports that Agilent (A) maker of test and measurement equipment posted strong guidance and shares moved up after hours.

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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