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Media

Media Digest 10/9/2007 Reuters, WSJ. NYTimes, FT, Barron’s

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By Douglas A. McIntyre Published
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According to Reuters, Sallie Mae (SLM) sued the buyers who walked away from a deal to buy the company.

Reuters writes that Yahoo! (YHOO) will buy 10% of Alibaba, the Chinese e-commerce company, when it has its IPO.

The Wall Street Journal writes that hedge funds may put flattering prices on infrequently traded securities to make their performances look better.

The Wall Street Journal reports that media companies are employing new technology to make web video look better.

The Wall Street Journal writes that a Chinese company has received approval to finished pills to the U.S opening the door for pharmaceutical makers from that country.

The New York Times writes that Google (GOOG) will begin to allow advertisers to use some of its content from YouTube.

The FT writes that, for the first time, a Chinese Bank is buying shares in a US bank, UCBH Holdings.

Barron’s writes that Sprint (S) cut guidance as its CEO stepped down.

CNN Money writes that Tivo (TIVO) will offer the RealNetworks (RNWK) music service.

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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