Media

Media Digest 3/23/2007

According to Reuters, Blackstone Group has filed to go public and raise $4 billion.

Reuters writes that Carlyle, the private equity company, has raised a new fund worth $15 billion.

Reuters reports that GE (GE) has plans to buy Sanyo Credit for $1.1 billion.

Reuters also reports that Citigroup (C) is considering a bid for ABN Amro.

Reuters also writes that initial bids for Chysler are expected ahead of the Daimler annual meeting on April 4.

The Wall Street Journal writes that Oracle (ORCL) accused rival SAP (SAP) of breaking into its computer system and stealing key information.

XM Radio was sued by members of the National Music Publishers Association because its sell receivers that allow listeners to store songs.

The Wall Street Journal also writes that NBC (GE) and News Corp (NWS) are launching a project to syndicate much of their key TV and film content. Distribution will be through Yahoo! (YHOO), AOL (TWX), and MSN (Microsoft).

The New York Times reports that for Motorola (MOT) to turn itself around, it needs to move away from the "hit driven" handset model and toward a long term plan with steady earnings.

The NY Times reports that Pfizer (PFE) lost a patent battle on blood pressure medication Norvasc which may allow generics to make a version of the drug.

FT reports that Morgan Stanley (MS) accouned a reorganization of most of its trading operations.

Douglas A. McIntyre

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