Media Digest 6/4/2007 Reuters, WSJ, NYTimes, FT, Barron’s

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
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According to Reuters, Palm (PALM) will sell 25% of itself to Elevation Partners.

Reuters writes that Hearst-Argyle (HTV) will supply Google (GOOG) YouTube with programming under a revenue-sharing partnership.

The Wall Street Journal writes that Ruport Murdoch might make some guarantees of editorial independence if Dow Jones (DJ) agrees to his acquisition offer.

The WSJ also writes that Apple’s (AAPL) new iPhone will launch on June 29.

The WSJ reports that its new Sony (SNE) Blu-ray high definition will come to market with a price $100 less than was expected.

The New York Times reports that software maker Cadence Systems (CDNS) may be sold to private equity interests.

The New York Times writes that phone equipment company Avaya (AV) may be sold to private equity or a strategic buyer.

FT reports that India car company Tata Motors is launching a car that will cost less than $3,000.

Barron’s writes that GE’s (GE) stock is undervalued and may be worth $50 a share.

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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