Martha Stewart (MSO): Firing The Wrong Person
Martha Stewart Living (MSO) CEO Susan Lyne was asked to leave the table today. Two other executives at the company replaced here. The market did not like the news and pushed the stock down…
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Newest first · Page 363Media Digest 6/11/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, volume sales are now the key to success for Apple’s (AAPL) new iPhone. Reuters reports that the head of Merrill Lynch (MER) supports ongoing regulatory access to data from brokerages and…
Gannett (GCI) Gives Up The Ghost
Gannett (GCI) may take as much as $3 billion in non-cash write-downs for some of its assets. It is that bad in the newspaper industry. The charge would cover as much as 20% of…
Cramer Endorses Motorola & Yahoo!, Sort Of (MOT, YHOO)
On tonight’s MAD MONEY on CNBC, Jim Cramer came out and said he is doing the unthinkable: He’s saying you can probably buy both Motorola Inc. (NYSE: MOT) and Yahoo! Inc. (NASDAQ:). He says…
Sam Zell And The Future Of News (NYT)(GCI)(MNI)(GHS)
Sam Zell took The Tribune Company private and probably regrets that every hour of every day. With the downturn in the industry, his huge debt load is like a boat anchor. Zell has announced…
Wal-Mart (WMT) Chases Apple (AAPL) iTunes
Wal-Mart (WMT) seems to have signed an exclusive deal with rock band AC/DC for distribution of its new CD in the stores of the world’s largest retailer. Apple (AAPL) won’t be selling that album…
Media Digest 6/9/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, Lehman (LEH) is close to rasing $5 billion. Reuters writes that one Goldman analyst see oil at $150 this summer. Reuters reports that HP (HPQ) has settled its patenet litigation with…
The Train Wreck At Gatehouse Media (GHS)(MNI)(GCI)
The next newspaper company to get into real trouble is likely to be Gatehouse Media (GHS). The firm is in bad enough shape that it could be the next Journal Register. JRC, as it…
Media Digest 6/6/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, a survey of sovereign wealth funds found concerns about their investment is overblown. Reuters reports that Verizon Wireless (VZ)(VOD) will buy Alltel for over $28 billion. Reuters reports that AIG (AIG)…
No Benefit of Doubt for Focus Media (FMCN)
Focus Media Holding Ltd. (NASDAQ: FMCN) has just posted earnings. Despite beating estimates, Wall Street isn’t trusting its guidance issues "from the earthquake." Total GAAP revenues grew 214.7% year-over-year to $161.6 million. GAAP net…
Grand Theft Auto IV Leads Take-Two (TTWO)
Take-Two Interactive Software, Inc. (NASDAQ: TTWO) has posted results well above estimates. It reported $539.8 million in net revenues, up more than 150% from last years $205.4 million due to the explosive Grand Theft…
News Digest 6/5/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, nuclear energy is beginning to make a comeback Reuters reports that Vodafone (VOD) said Verizon Wireless is in talks to buy Alltel. Reuters writes that Corporate Express will open its books…
Sony’s (SNE) New Plan To Drive Away Customers
Sony’s (SNE) PS3 has not sold as well as the Microsoft (MSFT) Xbox 360 or Nintendo Wii. But, the Japanese company has dropped prices and more games are coming out to add to the…
Media Digest 6/4/2008 Reuters, WSJ, NYTimes, FT, Bloomberg
According to Reuters, domestic car sales took a huge dip in May. Reuters writes that UAL (UAUA) will announce more job cuts and rate cuts. Reuters reports that Yahoo! (YHOO) has set July 1…
The Newspapers: Rating The Top 25 Newspaper Websites
The struggle for large daily metropolitan newspapers to stay profitable and survive is based on the race between the drop in their print advertising and the improvement of their online sales. Newspaper industry costs…