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

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published

According to Reuters, billionaire Ron Burkle is talking with unions at Dow Jones (DJ) about making a bid for the company.

Reuters writes that shares of Anheuser-Busch (BUD) hit an all-time high based on a report that Pershing Capital might work to break the company into pieces.

Reuters reports that the Nintendo Wii outsold the Sony (SNE) Playstation 3 last month in Japan by a factor of five to one.

The Wall Street Journal reports that Wal-Mart (WMT) will add more non-banking financial services and admits that it will not receive a bank charter anytime soon.

The WSJ writes that EBay (EBAY) has set up an auction system to buy radio advertising time.

The New York Times writes that Time Warner (TWX) unit HBO elevated its COO to run the company.

FT reports that Wal-Mart (WMT) will launch a payment card targeting 80 million people.

Barron’s reports that shares of Smith & Wesson will continue to outperform the market as its fundamentals continue to improve.

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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