Newspaper wrap-up: Warner Music (WMG) may go private

MAJOR PAPERS:

The Wall Street Journal's "Ahead of the Tape" focused on the upcoming earnings report from American International Group Inc (NYSE: AIG) after the close today, as a fresh barometer to gauge the subprime market -- AIG has exposure as a lender, insurer, and investor.
With uncertainty in the debt markets, Virgin Media Inc's (NASDAQ: VMED) plans to sell itself were put off until conditions improve, reported the Wall Street Journal.
The Financial Times reported that Oleg Deripaska, the owner of Russia's biggest aluminum maker, has acquired a stake in General Motors Corporation (NYSE: GM) of just under 5%, say two people with direct knowledge of the matter.

OTHER PAPERS:

The Chinese government, which holds $1.33 trillion in foreign reserves, has made economic threats against the U.S., saying it may liquidate its holdings in U.S. Treasury bonds if the U.S. imposes trade sanctions to force a yuan revaluation, reported the Telegraph.
The New York Post has learned that Warner Music Group Corp (NYSE: WMG) may go private due to its plummeting stock price and negative investor sentiment towards the music industry in general.

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