Media Digest 4/29/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, Cadbury is looking at buying Hershey.

Reuters writes that banks being sued by Clear Channel (CCU) have asked for a delay of a Texas trial.

Reuters reports that share of Visa (V) fell on quarterly results

Reuters reports that Lewis Ranieri who helped create the current mortgage market says that house prices are off more than most analysts think.

Reuters writes that the Fed is thinking about paying interest on bank reserves.

Reuters reports that big US media companies are expected to have good first quarters because of their cable properties.

The Wall Street Journal writes that the CEO of Calpers will step down.

The Wall Street Journal also writes that a former senior Fed official blasted the bail-out of Bear Stearns (BSC).

The Wall Street Journal writes that airlines are trying to push their fares up.

The Wall Street Journal writes that the Fed will propose new and tighter policies for issuing credit cards.

The Wall Street Journal reports that Take-Two’s (TTWO) Grand Theft Auto IV game is expected to post record sales.

The Wall Street Journal reports that GM (GM) will idle some of its truck and SUV plants.

The Wall Street Journal reports that the FDA turned down a major new Merck (MRK) drug.

The Wall Street Journal writes that Blockbuster (BBI) is seeking a stake in Viacom’s (VIA) new premium cable TV venture.

The Wall Street Journal reports that Citigroup (C) may cover some of the losses at two hedge funds.

The Wall Street Journal writes that circulation at most large newspapers dropped sharply.

The New York Times writes that rising oil prices are not stimulating new production.

The New York Times reports that United (UAUA) is in merger talks with US Airways (LCC).

The New York Times writes that the WB TV network will return as a website.

The FT reports that Deutsche Bank (DB) had its first loss in five years.

The FT writes that the Saudis will launch a $5.3 billion sovereign fund.

The FT writes that the Rockefeller family is pushing for Exxon (XOM) to have a more independent board.

Bloomberg reports that profits at BP (BP) rose sharply.

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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