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Facebook IPO: Bubble 2.0?

Facebook launches its IPO today which is expected to value the company at over $100 billion. Despite comments in recent days from General Motors and many on Madison Avenue (NYC home to US ad agencies) and paid ads on Facebook not working, Wall Street hype machine is in overdrive. Most of the cash raised will go to selling shareholders. Run on a Spanish bank yesterday keeping Euro watchers anxious.

Warren Buffett's Berkshire Hathaway group purchased all of the newspapers in the Media General portfolio except the Tampa Tribune. The deal is a bit of a "loan to own" deal where Buffett pays cash for the papers, then lends money to allow Media General to pay off its looming debt. If Media General doesn't pay, Buffett gets the remaining television assets. Tribune is expected to be sold soon as Media General wants out of newspapers.

Section A: Global News

Planet News: Global here

News Analysis: A Greek Exit? Euro Zone May Be Ready

White House Enlists 45 Firms to Give $3 Billion to Grow Food for World’s Poor

Euro Watch: Spanish Bank Problems Add to Gloom in Euro Zone

War Crimes Trial of Ratko Mladic Is Delayed

North Korea Resumes Work on Nuclear Reactor, Group Says

Greek Politicians Debate Election Disaster: 'If We Leave the Euro, Everything Will Be Worse'

D.E.A.’s Agents Join Hondurans in Drug Firefights

Ratko Mladic Faces War Crimes Charges

5 Things to Look for at Upcoming NATO and G8 Summits

Rebekah Brooks defiant over charges relating to phone-hacking 'cover-up'

Section B: National News

Planet News: National here

Donna Summer, The Queen Of Disco, Dies At 63

Minorities Are Now Majority Of U.S. Births, Census Says

Fixed mortgages: new lows for 15-, 30-year loans

Geithner: Again With the Debt-Limit Debate? 'I Don't Understand it'

DealBook: Long Odds on a Big Facebook Payday

Senate Confirms Fed Board Nominees

Postal Service to Consolidate 48 Processing Centers in Coming Months

Berkshire Buys 63 Papers, Takes Stake in Media General

Delta to Trim Capacity

9-Year-Old To Westboro Baptist Protesters: 'God Hates No One'

Section C: State News

Planet News: Florida here

Florida Steps Up Effort Against Illegal Voters - New York Times

Daredevil Nik Wallenda prepares to walk across Niagara Falls

Push America Bicyclists Stopping In Lakeland

Fla. to double-check names on voter purge list

Two FAMU band members admit hazing female clarinet player

Florida non-citizen voter list will be vetted against Homeland Security database

Citizens chief says it's legal to jack up rates for new policies

Discrimination state? Florida ranks No. 2 in country in worker complaints to EEOC in 2011

Virginia, Florida have most well-read cities in US - Reuters

Manatee deputy discovers 'rooster fighting arena'

Section D: Local News

Planet News: Tampa Bay here

St. Petersburg Council votes to move forward with new Pier

Former Tampa council member John Dingfelder leaving ACLU legal job

Valrico 'stand your ground' case attorney will appeal judge's decision

Woman, 57, killed crossing Belcher Road in Clearwater

Media General sells newspapers, except Tampa Tribune, to Berkshire Hathaway

Tampa Bay leads nation in foreclosure filings

Hillsborough County to provide land for relocation of Al Lopez home

Clearwater expected to approve domestic partnership registry tonight

Children's Board of Hillsborough releases $20 million funding plan for social service agencies

HART considers streetcar fares as low as 50 cents

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9th Annual Ghetto Xmas This Saturday

Live Review: Justin Townes Earle, Caitlin Rose, Joshua Hedley, Tampa, 12.09.2010

Planet Escapes

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Wakeboarding in Orlando
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Cumberland Island, Georgia
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Planet Visitor's Guide

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