Media Digest 2/20/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, ING took a Q4 impairment at the low end of expectations.

Reuters writes that KKR Financial Holdings has delayed debt payments on loans backed by mortgge-related securities.

Reuters writes that News Corps (NWS) MySpace is in talks to launch an advertising supported free music service.

Reuters writes that the Treasury is considering plans for sweeping government bailouts and wholesale rewriting of mortgage terms.

The Wall Street Journal writes that oil topped $100 a barrel.

The Wall Street Journal writes that Hewlett-Packard (HPQ) posted a 38% profit gain.

The Wall Street Journal reports that Nintendo launched the Wii Fit, a video game aimed at exercise.

The Wall Street Journal writes that a decision is near about whether Genentech’s (DNA) Avastin  can be used to treat breast cancer.

The New York Times writes that Airbus expects orders to fall by half this year.

Douglas A. McIntyre