Newspaper wrap-up: Apple signs deal with 20th Century Fox
Posted Dec 27th 2007 9:03AM by Eric Buscemi
Filed under: Newspapers, Magazines, Apple Inc (AAPL), Coca-Cola (KO), Intel (INTC), News Corp'B' (NWS)
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MAJOR PAPERS:
- According to the Wall Street Journal, Freedom Communications has delayed its $500M plan to buy back the 45% stake held by The Blackstone Group LP (NYSE: BX) and Providence Equity Partners; people familiar situation said the delay is due to the credit market turmoil.
- The Wall Street Journal also reported due to credit market turmoil that reduced expected financing, Intel Corporation (NASDAQ: INTC) and STMicroelectronics NV (NYSE: STM) will receive less money for memory-chip operations under a new joint venture.
- Apple Inc (NASDAQ: AAPL) signed a deal with 20th Century Fox, a studio owned by News Corp (NYSE: NWS.A), for a new online video-on-demand service, the Financial Times reported. By downloading a digital copy from iTunes, under the agreement, consumers will be able to rent Fox releases as they come out on DVD.
OTHER PAPERS:
Tags: AAPL, Apple, Blackstone Group, BlackstoneGroup, BX, Coca-Cola, Freedom Communications, FreedomCommunications, Honest Tea, HonestTea, INTC, Intel, iTunes, KO, News Corp, NewsCorp, NWS.A, STM, STMicroelectronics
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