Media Digest (2/7/2013) Reuters, WSJ, NYT, FT, Bloomberg

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Brief government spending cuts brought on by disagreements in Congress could badly hurt the economy. (Reuters)

Earnings at Time Warner Inc. (NYSE: TWX) and News Corp. (NASDAQ: NWSA) are fueled by cable TV success. (Reuters)

Boeing Co. (NYSE: BA) may offer replacement batteries for its 787s. (WSJ)

A merger between U.S. Airways (NYSE: LCC) and AMR would create the world's largest airline. (WSJ)

States that have joined the fraud suit against McGraw-Hill Companies Inc.'s (NYSE: MHP) S&P unit could cost more than federal action. (WSJ)

Troubled telecom equipment firm Alcatel-Lucent S.A. (NYSE: ALU) will fire its chief executive. (WSJ)

Sony Corp.'s (NYSE: SNE) earnings improve as it turns around its TV operations. (WSJ)

Google Inc. (NASDAQ: GOOG) will charge more for ads that run on mobile devices. (WSJ)

Coal exports overseas surged to 120 million tons last year. (WSJ)

News Corp. is in the midst of a decision about keeping its ownership in BSkyB. (FT)

Nokia Corp. (NYSE: NOK) sales are hurt in China as some of its models did not make the New Year's sales period. (Bloomberg)

India forecasts its growth will be the slowest in a decade. (Bloomberg)

Filed under: 24/7 Wall St. Wire, Press Digest Tagged: ALU, BA, GOOG, LCC, MHP, NOK, NWSA, SNE, TWX