Media Digest 8/1/2007 Reuters, WSJ, NYTimes, FT, Barron’s

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According To Reuters, News Corp (NWS) agreed to buy Dow Jones (DJ) for $5.6 billion

Reuters reports Sanofi-Aventis profits were hit by cometition from generics.

According to The Wall Street Journal,  Bear Stearns (BSC) is preventing investors from taking money out of one of its hedge funds that has $900 million invested in mortage securities.

The Wall Street Journal writes that a trade group representing Microsoft (MSFT) and Google (GOOG) says that content owners are being too aggressive about copyright issues.

The WSJ writes that band AC/DC will sign to distribute music with Verizon (VZ) by-passing Apple (AAPL) iTunes.

The WSJ writes that the FCC is backing open access in its next spectrum auction handing a blow to AT&T (T) and Verizon.

The WSJ reports that CBS (CBS) will begin to sell ads on mobile devices.

The WSJ says that Facebook will pull its audio service because it can be used for copyright violations.

The New York Times say Ford (F) and GM (GM) expect July sales drops.

FT writes that high oil prices have spurred OPEC’s search fro new reserves.

Barron’s writes that Apple (AAPL) will launch a new version of the Mac today.

Douglas A. McIntyre