Media Digest (8/15/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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Time Warner (NYSE: TWC) to buy Insight Communications from Carlyle for $3 billion. (Reuters)

Electronic Arts (NASDAQ: ERTS) expects holiday sales to be strong. (Reuters)

Security experts say hackers may make Google (NASDAQ: GOOG) a target. (Reuters)

Investments banks believe that Computer Sciences (NYSE: CSC) is a break up candidate. (Reuters)

The move of computing to tablets has hurt Microsoft’s (NASDAQ: MSFT) future prospects. (WSJ)

Japan’s economy contracts by 1.5% in the past quarter. (WSJ)

Web video viewership takes market share from traditional TV. (WSJ)

Unions in Italy oppose austerity measures. (WSJ)

Sprint-Nextel (NYSE: S) will not launch the new Research In Motion (NASDAQ: RIMM) Playbook on its network as planned. (WSJ)

Aol’s (NYSE: AOL) content costs not matched by revenue. (WSJ)

Robert Zoellick, president of the World Bank, is concerned about trouble in global economies and finances. (WSJ)

Fires and drought in the South hurt timber production. (WSJ)

A downgrade of the debt of the Port Authority of New York may cause it to raise tolls. (WSJ)

US Airways (NYSE: LCC) is in a fight with its pilots over compensation. (WSJ)

Ralcorp (NYSE: RAH) rejects a new $5.2 billion bid from ConAgra (NYSE: CAG). (WSJ)

Mean workers make more money than those who are pleasant, according to research in Journal of Personality and Social Psychology. (WSJ)

Third-quarter earnings to determine whether stocks are cheap. (WSJ)

More investors view Asian currencies as safe havens. (WSJ)

It will take some time before oil price drops bring down the price of gasoline. (WSJ)

Low output and austerity could drive Europe into a recession. (NYT)

Huge spikes in data use force wireless companies to charge more as networks become congested. (NYT)

Low interest rates have not helped consumer spending. (NYT)

Market turmoil helps CNBC’s audience numbers. (NYT)

Germany and France say there will be no sales of eurobonds. (FT)

U.S. manufacturers start to prepare for a double dip. (FT)

Low interest rates help commercial property rates to rise. (FT)

Warren Buffett suggests the U.S. raise taxes on the very rich. (Bloomberg)

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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