Media Digest 10/9/2007 Reuters, WSJ. NYTimes, FT, Barron’s

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According to Reuters, Sallie Mae (SLM) sued the buyers who walked away from a deal to buy the company.

Reuters writes that Yahoo! (YHOO) will buy 10% of Alibaba, the Chinese e-commerce company, when it has its IPO.

The Wall Street Journal writes that hedge funds may put flattering prices on infrequently traded securities to make their performances look better.

The Wall Street Journal reports that media companies are employing new technology to make web video look better.

The Wall Street Journal writes that a Chinese company has received approval to finished pills to the U.S opening the door for pharmaceutical makers from that country.

The New York Times writes that Google (GOOG) will begin to allow advertisers to use some of its content from YouTube.

The FT writes that, for the first time, a Chinese Bank is buying shares in a US bank, UCBH Holdings.

Barron’s writes that Sprint (S) cut guidance as its CEO stepped down.

CNN Money writes that Tivo (TIVO) will offer the RealNetworks (RNWK) music service.

Douglas A. McIntyre