Media Digest (12/20/2010) Reuters, WSJ, NYT, FT, Bloomberg

The Congress will try to reach an agreement to fund the government short-term–through March 4. (Reuters)

Now that the tax package has been approved, the political battle will change to government expenditures. (Reuters)

Housing remains the single most significant figure which could hold back the economic recovery. (Reuters)

The FCC is closer to recommendations on net neutrality. (Reuters)

Gold moved up on worries about Korea. (Reuters)

The euro hit a two-week low due to financial concerns about the region. (Reuters)

Google Inc (NASDAQ: GOOG) will delay the launch of its TV project. (NYT)

Leap Wireless will launch a low-cost online music service for mobile customers. (Reuters)

Walt Disney (NYSE: DIS) will launch Tron video games to try to capitalize on the success of the movie. (Reuters)

KKR dropped its bid for Perpetual. (Reuters)

Ernst & Young will be charged with fraud the collapse of Lehman. (WSJ)

Investors are cutting the money they put into troubled state and municipal debt. (WSJ)

DirecTV will begin to market targeted ads. (WSJ)

China IPOs were helped by US investment. (WSJ)

The market share of online ads pulled ahead of newspapers according to eMarketer. (WSJ)

US miners will offer more rare earth metals. (WSJ)

The price of oil may be a new problem for the economic recovery. (WSJ)

Bad weather has hurt European travel. (WSJ)

The FDA will look at the contractor which made Rolaids for Johnson & Johnson (NYSE: JNJ). (WSJ)

Total and Suncor set a joint venture to drill for oil sands. (WSJ)

Towers Watson research shows US and EU companies will rely on M&A for growth. Those in Asia will bet on organic expansion. (WSJ)

Temporary workers who replace full-time people may become the norm. (NYT)

E-commerce sites have begun to offer fewer sales. (NYT)

VOD may never take the place of theater release dates. (NYT)

Financial realities may cause more US regional banks to merge. (FT)

Ireland’s austerity programs may have been put together too quickly to work long-term. (FT)

France’s Aaa rating could face pressure due to downgrades of other national bonds in the region (Bloomberg)

Douglas A. McIntyre