Media Digest 7/10/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Robert Steel was named the new CEO of Wachovia (WB) and the bank said it would have a quarter loss of $2.6 to $2.8 billion. Reuters writes that the Blue Chip…
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Newest first · Page 360Media Digest 7/9/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, large Yahoo! (YHOO) shareholder Legg Mason said Carl Icahn’s bid would have more support if he guaranteed he would not sell the company for less than $33. Reuters writes that the…
Premier Exhibitions: Titanic Exhibit Hits The Road (PRXI)
Premier Exhibitions, Inc. (NASDAQ: PRXI) has announced this morning that its RMS Titanic, Inc. subsidiary has entered into an agreement to present a new Titanic exhibition and tour sponsored by a major financial services…
Media Digest 7/8/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Microsoft (MSFT) is willing to start buy-out talks with Yahoo! (YHOO) if the portal company will replace its board. Reuters writes that the CEO of JP Morgan (JPM) said the SEC…
BusinessWeek: Close The Magazine, Go Digital
BusinessWeek, which has been losing advertising pages at the rate of 15% or 20% for well over a year had a total of 24 ad pages it its most current issue. It is the…
Media Digest 7/7/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, NBC Universal and partners will by The Weather Channel for $3.5 billion. Reuters writes that Toyota (TM) will add solar panels to some of its Prius cars. Reuters writes that broken…
Media Digest 7/4/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Goldman Sachs said European banks may have to raise another 60 billion to 90 billion euors to reach an aggregate Tier I ratio of 9 percent. Reuters reports that Caterpillar (CAT)…
Media Digest 7/3/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, US stock indices entered a bear market phase. Reuters writes that Yahoo! (YHOO) and Microsoft (MSFT) are exploring media tie-ups with other internet companies.. Reuters reports that The Weather Channel may…
Getty Images Goes Bye-Bye (GYI, GOOG, MSFT)
The long-awaited $34.00 cash buyout of Getty Images, Inc. (NYSE: GYI) by Hellman & Friedman looks as though it is coming to an end. The company has issued a statement that today is the…
Media Digest 7/2/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, US car sales hit a 15 year low. Reuters writes that Paulson said the US is facing a tough Q2. Reuters reports that Starbucks (SBUX) will close 600 stores and cut…
Will Sirius-XM Cut Talent Costs? (SIRI, XMSR)
We already saw the first projections yesterday from Sirius Satellite Radio Inc. (NASDAQ: SIRI) and XM Satellite Radio Inc. (NASDAQ: XMSR). We also saw the resounding thud that the markets greeted the company’s with.…
Media Digest 7/1/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, global companies may start to issue profit warnings as business slows overseas. Reuters reports that InBev is sticking to it offer to buy Anheuser-Bush (BUD). Reuters reports that Chrysler is shutting…
Sirius (SIRI): A Mysterious Rally
Sirius (SIRI) staged an odd rally late Friday, moving up 15%. the rise began after 2 PM. The sharp increase in the shares was may on tremendous volume, nearly 47 million shares.That is nearly…
Media Digest 6/21/2008 (BCS)(MSFT)
According to Reuters, Steve Ballmer has become the lone voice at the head of Microsoft (MSFT). Reuters writes that fund managers hope that clients from sovereign funds will fill the gap left in money…
Media Digest 6/28/2008 (MBI)(SI)(LEH)(MER)(BUD)
According to Reuters, the Anheuser-Busch (BUD) board is under pressure to justify what it did not take InBev’s buy-out offer. Reuters writes that overseas money is reluctant to invest in US car companies. Reuters…