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Wednesday, September 06, 2006

Media Digest 9/6/2006

Stocks: (INTC)(AMD)(F)(PD)(N)

Reuters reports that Intel cut 10,500 jobs, about 10% of its workforce, as part of a plan to become more competitive with AMD.

Reuters reports that Google has added newspaper archives to its search content.

Reuters writes that with Ford appointing a new CEO, it is unclear what will happen to Mark Fields, head of North American operations.

Reuters reports that Vivendi will buy BMG Music Publising for $2.1 billion.

Reuters also writes that SpiralFrog, the music download service, has cut a deal with EMI Music for its library. SpiralFrog's download service is funded by advertising as opposed to the pay-per-song model at Apple iTunes.

The Wall Street Journal reports that Ford name Boeing executive Alan Mulally as its new CEO. Bill Ford will remain Chairman.

Hewlett-Packard may not re-nominate on of its directors, George Keyworth, alledging that he was the source of press leaks.

The New York Times reports that the Phelps Dodge merger with Inco has collapsed.

Douglas A. McIntyre

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