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Monday, October 09, 2006

Media Digest 10/09/2006 Reuters, WSJ, NYT


According to The Wall Street Journal, the Dolan family, which runs Cablevision, has offered to buyout public shareholders for $7.9 billion.

Reuters writes that video search engine Blinkx has signed a deal with Microsoft to provide the big software company its service for MSN and

Rueters writes that the CEO fo Symantec says that it will double its revenue to $10 billion by 2010, but said he was worried about Microsoft pushing into the PC security market.

The WSJ writes that retailer Target is complaining to movie studios that web-based download services get a better financial deal than Target gets on DVDs. Target represents about 15% of all DVD sales in the US. Wal-Mart has registered similar complaints.

China's biggeest bank, ICBC, set a range of 33 to 39 cents for its IPO, which will raise over $15.9 billion.

The New York Times writes that the chief of Airbus may resign over concerns about the aircraft manufacturers autonomy. The company is controlled by EADS.

The NYT writes that Warner Bros. is under pressure from parent Time Warner to deliver better results. The studio has dropped to No. 6 in box office receipts this year.

Douglas A. McIntyre

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