Media Digest 1/8/2008 Reuters, WSJ, NYTimes, FT, Barron's

According to Reuters, Howard Schultz, Starbucks (SBUX) founder, has taken over as CEO.

Reuters writes that Cisco (CSCO) will keep its current strategy, even in a recession.

Reuters writes that Samsung is predicing a rise in 2008 digital media sales.

Reuters writes that Ford (F) will put $500 million into India manufacturing facilities.

The Wall Street Journal writes that James Cayne has given up the CEO job at Bear Stearns (BSC).

The Wall Street Journal writes that Sony (SNE) plans to strengthen its HD line-up.

The Wall Street Journal writes that Chrysler will try to increase sales overseas.

The Wall Street Journal writes that Cisco is launching new products which will target media customers.

The New York Times writes that Yahoo! (YHOO) mobile services will run on Google (GOOG) enabled phones.

The New York Times writes that Tata Motors is selling a $2,500 car.

The New York Times writes that Comcast (CMCSA) willl start a new service with an almost limitless supply of films.

The FT writes that Beijing is defending its sovereign fund and its investments overseas.

The FT writes that Paramount will drop the HD DVD format for Blu-ray which will almost certainly end the HD disk wars.

The FT reports that the $19.5 billion LBO of Chear Channel is in trouble.

Douglas A. McIntyre