WSJ parent calls off proposed merger with Fox

News Corp., the parent of The Wall Street Journal, Barron’s and MarketWatch.com, said in a statement on Tuesday that combining it and the Fox Corp., was “not optimal for shareholders of News Corp and Fox at this time,” reports Lauren Hirsch of the New York Times.

Hirsch reports, “The boards of both media companies disclosed in October that Mr. Murdoch had proposed combing the two companies, a move that would reunite them nearly 10 years after they split up.

“Both Fox and News Corp established independent committees of the boards to evaluate a possible deal. But it has since faced significant investor pushback.”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.