Media Digest 2/6/2008 Reuters, WSJ, NYTimes, FT, Barron's

Media

Published: February 6, 2008 4:02 am

According to Reuters, BHP BIlliton (NYSE: BHP) raised its bid for Rio Tinto (NYSE: RTP).

Reuters writes that Microsoft (NASD: MSFT) may raise its bid for Yahoo! (NASD: YHOO).

Reuters reports that the current economic slump could be worse than recent downturns.

The Wall Street Journal writes that junk bond defaults are expected to spike up this year.

The Wall Steet Journal reports that the value of loans for corporate LBOs are falling sharply making them difficult for banks to sell.

The Wall Street Journal writes that Google (NASD: GOOG) is picking up its effort to increase its share of the Chinese market.

The Wall Street Journal reports that Disney (NYSE: DIS) posted strong results.

The New York Times reports that CBS (NYSE: CBS) wil launch a program to target mobile phone users by location.

The FT writes that possible downgrades of bond insurers hit bank stocks.

The FT reports that music companies have launched a lawsuit against Baidu (NASD: BIDU).

Barron’s writes that Macrovision is s cheap way to play the rise of the digital living room.

Barron’s reports that CNET"s (NASD: CNET) guidance for 2008 is light.

Douglas A. McIntyre

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