Media Digest 1/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

According to Reuters, Obama may seek take cuts of over $300 billion.

Reuters reports that the SEC examined Madoff eight times over 16 years.

Reuters reports that the Fed and European Central Bank plan to attack deflation.

Reuters reports that Sony (SNE) may announce large cost cuts.

Reuters reports that an analyst said China’s type of capitalism faces "monumental" odds.

Reuters reports that a critic says that the Fed has abandoned its role to set monetary policy.

The Wall Street Journal reports that companies are working on 3D TV.

The Wall Street Journal reports that VW and BMW plan to sharply increase their market shares in the US.

The Wall Street Journal reports that the Fed faces investors who may move to more risky assets than Treasuries moving money out of government bonds. There is also concern that the money the Fed is putting into the economy could cause inflation.

The Wall Street Journal reports that IPO fees are drying up.

The Wall Street Journal reports that both China and the US are increasing their oil reserves which could move the price of crude up.

The Wall Street Journal writes that a new poll shows half of consumers plan to cut tech spending.

The Wall Street Journal reports that the internet and TV are finally beginning to move together on one platform.

The Wall Street Journal reports that concessions will cause a tough year for unions.

The Wall Street Journal reports that bank stock may not rally this year.

The Wall Street Journal reports that Microsoft’s (MSFT) browser is losing share.

The New York Times reports that the Blu-ray HD format is still facing challenges.

The New York Times reports that Google’s (GOOG) book search may help little know writers.

The New York Times reports that venture capitalists are turning short term.

The New York Times reports that Conde Nast magazines had huge page losses in their January issues.

The New York Times reports that it will start to sell ads on its front page.

The FT reports that the credit squeeze may be hurting large companies more than small ones.

The FT reports that Pfizer (PFE) may be seeking a large merger.

The FT writes that Japanese companies are doing more share buy-backs.

Bloomberg reports that company profits will slide in 2009 and bankruptcies will increase.

Bloomberg reports that Fed officials are calling for even more aggressive policies to revive the economy.

Douglas A. McIntyre.