Media Digest 7/27/2009 Reuters, WSJ, NY Times, FT, Bloomberg

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Reuters:   Airline on-board entertainment systems face competition from handheld devices like the Apple (AAPL) iPod.

Reuters:   Bernanke will be on PBS to take his message about Fed plans to a broader audience.

Reuters:   Some Democrats oppose the current healthcare plan.

Reuters:   More foreign executives are heading to China as its economy expands.

Reuters:   Aetna (AET) would like to get out of the business of selling drug benefits.

Reuters:   Apple (AAPL) and record labels are working on a plan to increase album sales.

Reuters:   Barron’s says Citigroup (C) shares could double by 2012.

Reuters:   Ericsson (ERIC) bought Nortel’s wireless assets for $1.13 billion.

WSJ:   Lending by large banks slowed in Q2 as concerns about risk remained.

WSJ:   The new “pay czar” will attempt to renegotiate deals with high paid employees at companies with federal aid.

WSJ:   Insurance companies may be taxed on their most expensive policies.

WSJ:   Corporate bond sales are surging as the market improves.

WSJ:   TV networks are giving lower ad rates.

WSJ:   Video game makers are being hit hard by the recession.

WSJ:   Earnings results could spur IPOs.

WSJ:   GDP data may indicate an upturn.

WSJ:   Microsoft (MSFT) may offer rival browsers in Europe to settle disputes with EU regulators.

WSJ:   US guarantees of bank debt issues will save the firms $24 billion in borrowing costs over three years.

NYT:   Researchers are trying to learn why some people do not look at Internet ads.

NYT:   Lawmakers are trying to curb drug commercials saying they cause patients to pressure doctors.

NYT:   Gannett (GCI) is cutting severance pay.

FT:   Europe lenders are bracing for US style credit card defaults.

FT:   Emerging markets are rushing to buy back their debt.

Bloomberg:   Real yields are the highest they have been since 1994.

Douglas A. McIntyre

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