Media Digest 8/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, analysts expect Lehman (LEH) to have a $1.8 billion loss.

Reuters writes that the US is likely to recapitalize Fannie Mae (FNM) and Freddie Mac (FRE).

Reuters reports that GM (GM) will not buy advertising on this year’s Oscars in a move to save money.

The Wall Street Journal reports that a drop in commodities prices may signal a peaking of inflation.

The Wall Street Journal writes that large auto makers are trying to carve out niches in the expanding market for fuel-efficient cars.

The Wall Street Journal reports that Hershey raised it wholesale prices again.

The Wall Street Journal writes that Qwest (Q) and its largest union have extended talks.

The Wall Street Journal reports that TV is still the larges source of news for Americans.

The Wall Street Journal reports that a sharp rebound in small caps belies fundamental data.

The Wall Street Journal reports that the FCC may use some TV spectrum for inexpensive Wi-Fi.

Reuters reports that Morgan Stanley (MS) and Goldman Sachs (GS) are using measures of their ow credit worthiness to set lending standards for customers.

The New York Times reports that agricultural product exports are helping the US economy but may not be a reliable replacement for factory exports.

The FT writes that dropped calls are hurting the image of the Apple (AAPL) iPhone.

Bloomberg writes that crude oil prices are rising because of a storm in the Gulf of Mexico.

Douglas A. McIntyre