Media Digest (10/19/2011) Reuters, WSJ, NYTimes, FT, Bloomberg

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Moody’s downgrade of Spain puts more pressure on the EU to address its sovereign debt crisis. (Reuters)

Several large shareholders may fight to oust part of the News Corp. (NYSE: NWS) board. (Reuters)

Apple (NASDAQ: AAPL) says rumors about the new iPhone launch date hurt sales in its most recent quarter. (Reuters)

Samsung and Google (NASDAQ: GOOG) to release the latest Android-powered phone. (Reuters)

Groupon’s IPO could happen as soon as next week. (Reuters)

America’s largest banks, including Goldman Sachs (NYSE: GS), were hurt by write-offs and low investment bank and trading results. (WSJ)

Yahoo!’s (NASDAQ: YHOO) revenue continues to fall. (WSJ)

Intel (NASDAQ: INTC) posts better-than-expected earnings. (WSJ)

Drought in the Southeast will cause severe storms there. (WSJ)

Consumer demand in China has helped its GDP growth recently. (WSJ)

The U.S. Post Service to consider non-mail services to increase revenue. (WSJ)

Slow production hurts the earnings of steel-makers. (WSJ)

The Kinder Morgan (NYSE: KMI)-El Paso (NYSE: EP) deal to face antitrust examinations. (WSJ)

Motorola Mobility (NYSE: MMI) to release a new smartphone with an old brand name — Razr. (WSJ)

Bank of America (NYSE: BAC) loses its position as the largest bank in the U.S. to JPMorgan Chase (NYSE: JPM). (WSJ)

High ticket prices alienate many air travelers but have helped save several airlines. (NYT)

The UAW approves a final four-year deal with Ford (NYSE: F). (NYT)

Ahead of a major summit later this week, France warns that the EU is in danger of collapse. (FT)

Research In Motion (NASDAQ: RIMM) to release a new BlackBerry operating system. (FT)

Several large EU-based banks say they will shrink by a combined total of $1 trillion to weather trouble in the region. (Bloomberg)

Bank of England chief Mervyn King says time has run short to address the global financial crisis. (Bloomberg)

Douglas A. McIntyre