Dow Jones deal even sweeter for the Bancrofts
Fortune’s Allan Sloan writes that the deal to sell Dow Jones & Co., the parent of The Wall Street Journal, to News Corp. CEO Rupert Murdoch is even sweeter for the Bancroft family than originally thought because of overlooked provisions of the deal. Sloan wrote, “I’m interested in one little-noticed detail – the way selected […]
Dow Jones insider trading case important to SEC
David Scheer of Bloomberg writes that the insider trading case against acquaintances of a Dow Jones & Co. board member who allegedly disclosed that News Corp. would make an offer for the parent of The Wall Street Journal, Barron’s and Marketwatch before it became public is an important case for the Securities and Exchange Commission. […]
New WSJ owner: We will crush FT
Peter Chernin, the president of News Corp., which is acquiring The Wall Street Journal‘s parent company Dow Jones & Co., said in England that the paper will “crush” rival Financial Times, according to an article in the Scotsman newspaper. Adam Cash of The Scotsman wrote, “Chernin said: ‘We don’t want to buy the FT. News […]
Dow Jones names new DC bureau chief
Rob Wells, who has been acting bureau chief, has been named bureau chief for Dow Jones Newswires in Washington, according to a memo from Rick Stine, senior editor of the Americas. Stine wrote, “Rob became ‘acting’ bureau chief in December 2006 when longtime bureau chief John Connor retired. He is doing a strong job not only leading […]
Why WSJ.com should become a free site
Felix Salmon writes on the Conde Nast Portfolio web site why The Wall Street Journal‘s web site should become free to all readers. Salmon wrote, “For one thing, the only value in keeping WSJ.com a paid site is the immediate subscription revenue that it generates. If you’re owned by a Bancroft family which wants to […]
Dow Jones execs argue to keep WSJ.com a paid site
Sarah Ellison of The Wall Street Journal writes for Wednesday’s paper that executives at Dow Jones & Co. are trying to convince News Corp. CEO Rupert Murdoch to keep the paper’s Web site a pay site. Murdoch wants to make the site free to anyone Ellison wrote, “But Mr. Zannino and other executives have said […]
Murdoch explains importance of Dow Jones deal
News Corp. CEO Rupert Murdoch explained the importance behind acquiring Dow Jones & Co., the parent of The Wall Street Journal, in the company’s annual report, according to a story by Nick Tabakoff in The Daily Telegraph, an Australian newspaper. Tabakoff wrote, “‘There has been an understandable focus on The Wall Street Journal, the world’s pre-eminent […]
Disagreement among WSJ union leaders
The New York Observer’s Felix Gillette writes Monday that there is disagreement among the leaders that represent business journalists at The Wall Street Journal, Barron’s and Marketwatch as Journal reporter Jim Browning sent out an e-mail Monday stating that the contract that the union leaders voted to accept this weekend is not the best contract […]
Good news for Murdoch that WSJ staffers are leaving
Slate.com media critic Jack Shafer writes that it’s actually good for News Corp. CEO Rupert Murdoch that business journalists are leaving The Wall Street Journal, which Murdoch is in the process of acquiring. Shafer wrote, “Evidence of Murdoch’s dumping plans came in a letter addressed to Dow Jones employees and written by company CEO Richard Zannino. In […]
New WSJ magazine to be called Pursuits
Richard Perez-Pena of The New York Times writes for Monday’s paper that The Wall Street Journal will launch next year Pursuits, a glossy monthly magazine about the lifestyles of the rich, in hopes of drawing more ads for expensive consumer goods. The Pursuits name had been used by the paper as the name of a […]
