Blockbuster (BBI) Still Losing Foot Race Out Of Hell
As the number of people who are willing to drive to a store to pick up a movie dwindles, so does Blockbuster’s (BBI) chances of staying alive. Blockbuster has tried to remedy its problems…
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Newest first · Page 336Media Digest 3/24/2009
According to Reuters, Obama said that the recession would be halted by government efforts. Reuters reports that Treasury wants broad new powers to wind down troubled non-bank financial firms. Reuters reports that the latest…
Ten Major Newspapers That Will Fold Or Go Digital, An Update
Over the last few weeks, the newspaper industry has entered a new period of decline. The parent of the papers in Philadelphia declared bankruptcy as did the Journal Register chain. The Rocky Mountain News…
Media Digest 3/24/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, a number of AIG (AIG) employees gave back their bonuses. Reuters reports that economist Martin Feldstein said the recession may last well into 2010 and the government may have to put…
Cramer Touts Dividend Growers (APD, NAT, MMM, GE)
It looks like Jim Cramer is doing a new feature list of companies this week that may actually grow their dividends or that have boosted dividends. On tonight’s MAD MONEY on CNBC, Cramer noted…
Magazine Advertising May Be En Route To Worst Year Ever (WPO)(TWX)(MGP)
The drop in magazine advertising pages is continuing as the first quarter ends, and it looks like Q2 will not be better. According to MIN, which tracks advertising pages for major US publications, Fortune,…
Media Digest 3/23/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the US will woo private capital to get buyers for bank toxic assets. Reuters reports that US shoppers are likely to remain frugal. Reuters reports that US car dealers are struggling…
Media Digest 3/20/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the House passed a bill that would tax AIG’s (AIG) and some other bonuses by 90%. Reuters reports that the US gave auto suppliers a $5 billion lifeline. Reuters says that…
Gannett (GCI) Says USA Today Revenue May Drop 35%
The downturn in newspaper ad revenue has gone from awful to extraordinary. Gannett (GCI) told analysts that sales at its flagship USA Today paper could be down as much as 35%. That would certainly…
Courts May Wreck Sony (SNE) And Google’s (GOOG) Challenge To Amazon (AMZN)
Sony (SNE) and Google (GOOG) plan to launch a partnership to challenge to Amazon’s (AMZN) modestly successful e-book reader. According to The Wall Street Journal, the project will “give users of the Sony Reader…
Media Digest 3/19/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, the Fed’s plans to buy Treasuries is like a program called “Operation Twist” which was part of the agencies effort to help the economy almost fifty years ago. Reuters reports that…
Media Digest 3/18/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, AIG (AIG) will have to pay taxpayers back for bonuses it paid out before it can get its next $30 billion in loans. Reuters reports that Coke (KO) is being blocked…
IPO FILING: Changyou.com, Chinese MMORPG (CYOU)
It has been a while since we had an IPO filing and the IPO market has been a ghost town with only a handful of deals since last summer. Changyou.com, a Chinese MMORPG video…
Wynn Resorts Raises Cash (WYNN)
Wynn Resorts, Limited (Nasdaq: WYNN) has priced a public secondary offering 9,600,000 shares, down from the 7 million shares originally planned. The secondary offering was priced at $19.00 per share. Wynn Resorts intends to…
Media Digest 3/17/2009 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Obama faces backlash due to AIG (AIG) compensation issues which could set bank his efforts to salvage the financial system. Reuters reports that Lehman will put two of its banking units…