Commits Additional Funding, Station Participation, Manpower to ATSC Mobile DTV Testing Program

Stocks In Focus For Monday

Meredith Says Joseph Ceryanec To Become Financial Chief

Visit StreetInsider.com at http://www.streetinsider.com/news.php?st=p&id=3982035 for the full story.

Daily commentary on the bulls and bears of different sectors. This edition follows up on a previous bearish media take with a focus on Gannett.

Reed Elsevier (NYSE: RUK) expects the sale of its Reed Business Information trade magazine unit to complete as early as October. In a memo seen by Dow Jones, Marianne van Leeuwen, CEO of the Holland operation, says bids were made for RBI “since last week”. “In the first three weeks of September, the global board of Reed Business will give a management presentation to potential acquirers,” Van Leeuwen wrote, though she said she did not know who the buyers would be. BusinessWeek publisher McGraw-Hill (NYSE: MHP), private equity house Bain Capital, Providence Equity Partners and Apollo Management have been linked with bids, while Billboard publisher Nielsen was also linked. In half-year earnings last month, Reed Elsevier reported “strong buyer interest” in RBI. Updated: Reuters reports that German publishing giant Gruner & Jahr is interested in buying the division, citing a German newspaper report...the company exited the U.S. market in 2005 after a disastrous foray buying FastCompany and launching the Rosie magazine. It sold its women’s magazine portfolio to the Meredith (NYSE: MDP) and its business magazine portfolio to Mansueto Ventures.

I've been on the same bandwagon (the anti Kool Aid bus) with Meredith for a long while now (Aug 4: Meredith Whitney Continues to be Negative on Financials (and Housing)) (Mar 26: I'm on Meredith Whitney's Side) She continues to be negative. I continue to be. And away we go. Remember 2009 will be the year of the wave of US consumer personal bankruptcies as the juggling debt game ends, as credit card limits are hit and there is no place left to stuff the toxic waste (unlike our corporations, we do not bail out individuals).[More...]

Each week I track which stocks are moving in and out of the top 25 Magic Formula Stocks for companies with a minimum market cap of 50 and 2000 billion. Here are the moves for the week ended 9-13-08: Top 25/50 Million: In: Lam Research Corp (LRCX) KHD Humboldt Wedag International Ltd (KHD) NVIDIA Corp (NVDA) Out: ChinaCast Education Corporation (CAST) Questcor Pharmaceuticals [...]

These used car salesmen on Wall Street just never let up - this time they are calling for a bottom in financials even before the watershed moment arrives. Usually they at least wait for the event to happen before calling for the bottom - remember just wee[More...]

At 11 am, SEC Chair Chris Cox plans to announce some big changes and lay out a path for the implementation of XBRL, which today’s Washington Post is describing as “Financial Data on Steroids”. In addition to streaming the press conference here, Cox will be taking questions from ordinary folks via email. Anything that makes getting [...]

The market is pulling back this morning on the heels of some negative headlines in the financial sector. The brokers are down the most so far, with that index -3.38%, followed by the bank index. Semis are bucking the weakness so far, and helping keep the[More...]