Media Digest 7/31/2007 Reuters, WSJ, NYTimes, FT, Barron’s

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According to Reuters, a groups lead by an internet entrepreneur is still pressing it case to buy Dow Jones (DJ).

Reuters writes that Alcatel-Lucent”s (ALU) loss for Q2 was greater than expected.

Reuters reports that GSK’s (GSK) diabetes drug Avandia should stay on the market according to the FDA but containers should carry a warner about heart risks.

The Wall Street Journal writes that News Corp (NWS) and Dow Jones (DJ) seem to be getting closer to a deal to sell the publisher of the WSJ.

The WSJ reports that raider Nelson Pettz is willing to pay $37 to $41 for Wendy’s (WEN).

The WSJ writes that GM (GM) is offering 9% financing on pick-up trucks.

The Wall Street Journal writes that Sun (SUNW) posted a profit for the last quarter.

The New York Times writes that Liz Claiborne (LIZ) is working on a plan to make it less dependent on department store sales.

The New York Times writes that four independent record labels will sell music direct over the internet to AT&T (T) wireless phones.

The FT writes that Verizon (VZ) has bought Rural Cellular for $2.67 billion.

Barron’s writes that Dell (DELL) and Sun (SUNW) could suffer as virtualiztion cuts server sales.

Douglas A. McIntyre