Media Digest 6/18/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, Staple (SPLS) has received EU approval for a takeover of Corporate Express.

Reuters writes that DreamWorks is in conversations with India’s Reliance. The deal would allow top management at the studio to leave Viacom (VIA).

Reuters writes that Mircosoft (MSFT) has bought TV ad tech company Navic.

Reuters writes that Google (GOOG) sees value in its "experiment": with Yahoo! in the ad business.

Reuters reports that Northwest Air (NWA) has further cut its capacity.

Reuters reports that the former CEO of AIG (AIG) may get as much as $68 million in severance.

The Wall Street Journal reports that floods in the Midwest could add to the price of ethanol.

The Wall Street Journal writes that Hershey laid out a plan to stay competitive in the candy market.

The Wall Street Journal writes that results from Fedex (FDX) could jolt the market.

The Wall Street Journal reports that Ford (F) will increase exports to China.

The Wall Street Journal reports that Wal-Mart (WMT) will cut capital outlays this year.

The New York Times writes writes that regulators may not force AIG (AIG) to shore up one of its key units with $900 million in new capital.

The New York Times writes that the US may lag the emerging world in tech growth.

The FT writes that LinkedIn raised capital valuing it at $1 billion.

The FT reports that SUV sales are still gaining in China.

Bloomberg writes that newspapers could face defaults as their ad revenue falls.

Douglas A. McIntyre