Media Digest 6/25/2007 Reuters, WSJ, NYTimes, FT, Barron’s
June 25, 2007 by Douglas A. McIntyreAccording to Reuters, Yahoo! (YHOO) made changes in it advertising sales management, pushing out its head of US sales.
Reuters writes that the CEO of DaimlerChryler (DCX) see a good future for the company now that it has sold its US unit.
Reuters reports that Delphi, the auto parts maker in Chapter 11, only intends to keep four plants in the US.
Reuters also reports that the market cap of Nintendo has passed that of Sony (SNE).
The Wall Street Journal reports that negotiations between Dow Jones (DJ) and News Corp (NWS) intensified over the weekend after nearly falling apart on issues of editorial independence.
The Wall Street Journal writes that Cerberus is beginning a road show to raise $62 billion in debt.
The New York Times writes that Hollywood studios are beginning to work aggressively to get their content on to handheld wireless devices.
FT reports that hedge fund Amaranth built up large enough positions in natural gas futures that it caused the market to spike up.
Barron’s reports that Sanford Bernstein initiated Google (GOOG) and Ebay (EBAY) as "buys".
Douglas A. McIntyre
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