Media Digest 3/23/2007

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By Douglas A. McIntyre Published

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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Photo of Douglas A. McIntyre
About the Author 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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