Media Digest 3/25/2008 Reuters, WSJ, NYTimes, FT, Bloomberg

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According to Reuters, the Justice Department has approved the Sirius (SIRI) merger with XM Satellite (XMSR).

Reuters writes that JP Morgan (JPM) raised its offer for Bear Stearns (BSC) and took a large stake in the company.

Reuters reports that 20,000 jobs could be cut on Wall St. over the next two years.

The Wall Street Journal writes that foreclosres are sending home prices lower as they flood the market with new inventory.

The Wall Street Journal reports that Carl Icahn rejected a deal of two board seats at Motorola (MOT).

The Wall Street Journal writes that Delphi is seeking an extension on the date when its exits Chapter 11.

The Wall Street Journal writes that Google (GOOG) is pressing the FCC on the use of TV airwaves.

The Wall Street Journal says Dell (DELL) claims its sales in India hit $700 million.

The Wall Street Journal reports that the buy-out of Bear Stearns (BSC) could be decided by Congress.

The New York Times writes that Ford (F) is near the sale of its Jaguar and Rover units to Tata.

The FT writes that private equity companies now hold a number of "zombies" companies worth less than the debt they carry.

Bloomberg writes that the price of corn and wheat rose due to poor weather.

Douglas A. McIntyre