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

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…

By Douglas A. McIntyre
Published July 31, 2007, 3:25am ET · 1 min read

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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

Contact [email protected] for any questions or corrections.

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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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