Newspaper wrap-up: Wendy's sale may be delayed
Posted Nov 12th 2007 8:56AM by Eric Buscemi
Filed under: Newspapers, Magazines, Google (GOOG), Time Warner (TWX), Sprint Nextel Corp (S), Wendy's Intl (WEN)
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MAJOR PAPERS:
- FCC chairman Ken Martin may use an obscure portion of the 1984 Cable Act to force cable companies to cut the rates they charge programmers who lease spare channels, reported the Wall Street Journal.
- The sale of Wendy's International Inc (NYSE: WEN) may be delayed due to the turmoil in the credit market, the New York Times reported.
OTHER PAPERS:
- The UK Times reported that Baugur Group has hired NM Rothschild and Financo to help advise on the takeover of Saks Incorporated (NYSE: SKS). The takeover bid is said to be worth between $3B and $4B.
- Time Warner Inc's (NYSE: TWX) AOL division acquired question-and-answer-service Web site Yedda for tens of millions of dollars, Haaretz reported.
WEB SITES:
Tags: AOL, Baugur Group, BaugurGroup, Clearwire, Clearwire Corp, ClearwireCorp, CLWR, GOOG, Google, periodicals, S, Saks, Sprint Nextel, SprintNextel, Time Warner, TimeWarner, TWX, WEN, Wendy's, Wendy's International, Wendy'sInternational, Yedda
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