Newspaper wrap-up: Google, Cablevision to bid for FCC spectrum
Posted Dec 19th 2007 8:15AM by Eric Buscemi
Filed under: Newspapers, Magazines, Google (GOOG), Merrill Lynch (MER), Tribune Co. (TRB), QUALCOMM Inc (QCOM), Bear Stearns Cos (BSC)
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MAJOR PAPERS:
OTHER PAPERS:
- Banks that include Merrill Lynch & Co Inc (NYSE: MER) and The Bear Stearns Companies Inc (NYSE: BSC) are reportedly in talks to help bail out struggling bond insurer ACA Capital Holdings, which lost $1B in the most recent quarter, according to two people briefed on the situation and reported by the New York Times; ACA Capital has guaranteed $26B in mortgage securities.
- Executives at Tribune Company (NYSE: TRB) were faced with last-minute questioning from bankers that were reluctant to fund the final portion of the $8.2B deal to take the company private, according to sources close to the company, the Chicago Tribune reported.
WEB SITES:
- Barron's Online's "Inside Scoop" reported that analysts are not convinced that the deal with Citadel is enough to save E*Trade Financial Corporation (NASDAQ: ETFC), as it does not eliminate E*Trade's $12.4B second-lien mortgage exposure, and the company could potentially face further customer attrition, which many think will continue to pressure the shares.
Tags: Bear Stearns, BearStearns, BSC, Cablevision, Citadel, CVC, E*Trade, ETFC, GOOG, Google, MER, Merill Lynch, MerillLynch, MetroPCS, PCS, QCOM, Qualcomm, TRB, Tribune
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