Media Digest 4/16/2007 Reuters, WSJ, NYTimes, FT, Barron’s

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By Douglas A. McIntyre Published

According to Reuters, bidders for Clear Channel (CCU) will improve their offer and let shareholders co-invest with them. The private equity deal has been attacked as having too low a price.

Reuters writes that Google‘s (GOOG) rivals including Microsoft (MSFT) and Yahoo! (YHOO) are claiming that the big search engine’s purchase of ad serving company DoubleClick may violate antitrust laws.

Reuters writes that Google (GOOG) will have rights to sell ad inventory for radio chain Clear Channel (CCU), but only 5% of the company’s inventory will be offered by Google.

Reuters writes that Toyota (TM) hopes to sell 500,000 vehicles in China in 2008. Toyota expects to sell 430,000 units there this year.

The Wall Street Journal writes that private equity firms and banks JP Morgan (JPM) and Bank of America (BAC) will buy Sallie Mae (SLM) for $25 billion, a 50% premium to its recently price.

The WSJ reports that Microsoft (MSFT) and Adobe (ADBE) will each launch software that will increase competition between the two companies in creation of web pages and playback of video.

The NYTImes writes that Intel (INTC) will introduce a new line of chips for mobile computers. The hardware will allow users to connect to WiFi, WiMax and satellite.

FT reports that OPEC nations are indicating that they will supply additional oil if it appears that their is a sharp increase in demand.

Barron’s writes that shars in Adobe (ADBE) may be cheap now that it is launching its next generation of web tools.

Douglas A. McIntyre

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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