Media

Media Digest 2/5/2007 Reuters, WSJ, NYTime, Barron's, FT

According to Reuters, Vornado Realty Trust (VNO) increased its bid for Equity Office Properties (EOP) to $23.2 billion in an attempt to win the company from Blackstone.

Reuters writes that The London Stock Exchange has reiterated its opposition to a bid from Nasdaq (NDAQ).

The Wall Street Journal writes that GE (GE) is set to name Jeff Zucker as the CEO of its NBC Universal division.

The Wall Street Journal reports that Triad Hospitals (TRI) is expected to announce it has been sold to private equity interests for $4.4 billion.

The WSJ writes that GM (GM) may have "over corrected" in cutting car discounts in January, driving unit sales down.

The WSJ reports that Michael Dell (DELL) has sent a memo to employess saying that the company will not offer 2006 bonuses.

The New York Times writes that Yahoo! (YHOO) is placing its hopes on closing the gap in search engine ad with Google (GOOG) on its new Panama technology.

The New York TImes writes that much of cell phone use in China is driven by online games and instant messaging. The big winner so far is Chinese company Tencent.

FT reports that a US court will take up the question of "scheme liability" which could put banks, lawyers and business partners on the hook when a public company goes under because of fraud.

Barron’s writes that growth of video on demand from companies like Comcast (CMCSA) could hurt profits and revenue at firms like NetFlix (NFLX), Blockbuster (BBI) and Movie Gallery (MOVI).

Douglas A. McIntyre

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