Media Digest (5/7/2012) Reuters, WSJ, NY Times, FT

Voters in Greece and France turn away from German austerity measures set for the region’s weakest nations. (Reuters)

AT&T (NYSE: T) moves into the home monitoring market. (Reuters)

Ally Financial falls back into financial trouble. (Reuters)

LG Electronics will release a Google (NASDAQ: GOOG) TV later this year. (Reuters)

Lenovo to invest $800 million to move into mobile products markets. (Reuters)

The FDA could approve drugs to prevent healthy people from getting HIV. (WSJ)

India starts a Google antitrust investigation. (WSJ)

The “Avengers” will help press the results of Walt Disney’s (NYSE: DIS) movie studio higher. (WSJ)

Barclays (NYSE: BCS) will start a U.S. online bank. (WSJ)

The Oprah Winfrey Network may never make money. (WSJ)

Europe’s banks begin to hold cash again, wary of the region’s financials. (WSJ)

Berkshire Hathaway’s (NYSE: BRK-B) B shares underperform the market so far this year. (WSJ)

Wireless carriers spend less for smartphones, which means some costs will be passed to consumers. (WSJ)

The Washington Post Company (NYSE: WPO) continues to be hurt by flagging results at its Kaplan education division. (WSJ)

The United States will sell more of its shares in AIG (NYSE: AIG). (WSJ)

Rebates that stock exchanges provide brokers may hurt returns to individual investors. (NYT)

Many companies enter the business of using mobile phones for retail payments. (NYT)

The ad prices Facebook charges customers has risen by 20% recently. (FT)

Deals by big pharma to buy smaller rivals continue to be driven by patent expirations. (FT)

Douglas A. McIntyre