Media Digest 1/4/2008 Reuters, WSJ, NYTimes, FT, Barron's

According to Reuters, Microsoft (MSFT) sold 4.3 million Xbox 360 video consoles in the last three months of the year, helped by its "Halo 3" game.

Reuters writes that US auto sales were weak in December.

Reuters reports that Tata of India has become the front runner to buy Rover and Jaguar from Ford (F).

Reuters reports that Toyota (TM) sees sales in the US increasing 1% to 2% next year.

The Wall Street Journal writes that concerns about inflation may limit Fed rate cuts.

The Wall Street Journal writes that the FDA is likely to approve food that comes from cloned animals.

The Wall Street Journal reports that regulators are looking into Wall St’s role in the mortgage fiasco.

The Wall Street Journal writes that Sirius (SIRI) ended the year with 8.3 million subscribers, up 38%.

The Wall Street Journal writes that digital song sales rose 45% to 844 million.

The Wall Street Journal reports that PC makers are changing their products to better compete with the Apple (AAPL) Mac.

The New York Times writes that a tiny 6,300 people watch Fox Business News at any given time during the week while CNBC has an audience of 283,000.

The New York Times writes that Boeing had record orders last year.

The FT reports that sovereign funds are using aggressive tactics to bring in money management talent.

Barron’s repors that Echostar will offer its Sling TV shifting product for RIM (RIMM) Blackberries.

Douglas A. McIntyre