Media

Media Digest 6/18/2009

newspaperReuters:   China’s expansion is leading to charges is it stripping asset from other under-developed countries.

Reuters:   UBS (UBS) will reveal the names of 5,000 clients in a deal with US tax authorities.

Reuters:   Schwab (SCHW) was sued by NYS over auction rate securities.

Reuters:   Greenspan sees a strong end to 2009 but worries about next year.

Reuters:   An SEC reviews of AIG (AIG) disclosures found inconsistencies.

Reuters:   The National Retail Federation found that an important part of back to school sales lies ahead.

WSJ:   Options back-dating was more common that supposed. Companies which might have been involved include Omnicom, Dress Barn, and United Rentals.

WSJ:   Economists do not agree on the pace of the recovery or whether there will be one at all.

WSJ:   GM has cut a deal to sell Saab

WSJ:   The new CEO of AIG (AIG) will make $7 million.

WSJ:   Sony (SNE) has delayed launch of its ultra-thin TV.

WSJ:   Banks continue to tighten loan standards.

WSJ:   The Reader’s Digest filed for Chapter 11.

WSJ:   CIT (CIT) narrowed losses and its tender succeeded.

WSJ:   Dell (DELL) is developing phones for China.

WSJ:   Sony Ericsson replaced its CEO.

WSJ:   Biofuel companies are looking at using fish to harvest algae.

WSJ:   China will appeal a ruling on distribution of entertainment within its borders.

WSJ:   Rosetta Stone delayed its public offering.

WSJ:   The VIX jumped almost 15%.

WSJ:   Media companies are trying to figure how much of the drop in ad and DVD sales is permanent.

WSJ:   Fox Business is close to a deal to sign Don Imus.

NYT:   Brazil is seeking more control of the oil beneath its its seas and is cutting back on ties with foreign oil firms.

NYT:   Tax bills are pressuring homeowners.

NYT:   Some small cities are paying to keep air travel.

NYT:   The SEC is working on new restrictions to short selling.

NYT:   US car companies made progress in a new consumer satisfaction survey.

FT:   Dell (DELL) will release a smart phone with China Mobile (CHL).

FT:   DreamWorks raised $825 million.

Douglas A. McIntyre

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