Media Digest 3/26/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
March 26, 2008 by Douglas A. McIntyreAccording to Reuters, Comcast (CMCSA) and Time Warner Cable (TWC) are in talks to fund a wireless venture to be operated by Clearwire (CLWR) and Sprint (S).
Reuters writes that new home sales probably dropped again in February.
The Wall Street Journal writes that the stock market is trading where it was nine years ago moving in the direction of downturns in the 1930s and 1970s.
The Wall Street Journal writes that JP Morgan (JPM) has already started to put the primary brokerage part of Bear Streans (BSC) into its own operation beginning what will be a larger integration.
The Wall Street Journal writes that the Clear Channel (CCU) buy-out is near a collapse.
The Wall Street Journal writes that Ford (F) will announce its plan to sell Jaquar and Rover to Tata.
The New York Times writes that China shipped $12 billion in engine auto parts last year, pressuring the industry in North America.
The FT writes that banks are hoarding money and not passing on rates from centrail banks to customers.
The FT reports that banks in the The Federal Home Loan Banking system want to start a "mononline" insurance business to help local government bonds.
Bloomberg writes that Goldman Sachs believe write-offs at US banks and brokerages may hit $460 billion, four times that amounts already disclosed.
Douglas A. McIntyre
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