Advertising down, online subscriptions up at WSJ
Dow Jones & Co., the parent of The Wall Street Journal and Barron’s, reported second-quarter earnings on Thursday that included details about advertising and online subscriptions for both publications. The company stated, “Advertising revenue at the Wall Street Journal U.S. print edition declined 6.8% (on an 11.4% decline in volume) as weak technology, financial, general […]
Dow Jones says board will recommend shareholders take News Corp. deal
Dow Jones & Co., the parent of The Wall Street Journal, Barron’s, Marketwatch and Dow Jones Newswires, announced late Tuesday that its board “has determined that it would be prepared to approve, and recommend to the Dow Jones stockholders, including the Bancroft Family stockholders,” an agreement to sell the company to News Corp. for $5 billion. […]
Majority of Dow Jones board members favor sale
A majority of Dow Jones & Co. board members lean toward selling the parent company of The Wall Street Journal and Barron’s to News Corp. for $5 billion, according to a story on the paper’s web site by Sarah Ellison, Matthew Karnitschnig and Dennis Berman. They wrote, “Their backing would send the offer to the […]
Business magazines underperform vs. industry in second quarter
Advertising dollars in 15 business-related magazines fell 5.5 percent in the second quarter of the year, while ad pages dropped 10.2 percent, according to data from the Publishers Information Bureau analyzed by Talking Biz News. In comparison, the overall magazine industry saw a 5.2 percent increase in ad dollars and just a 1.9 percent decline […]
Dow Jones/News Corp. deal unlikely to succeed
The M&A Researcher writes that the proposed $5 billion acquisition of Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and Marketwatch, by News Corp. is unlikely to happen. The Researcher wrote, “It is fairly obvious that DJ is employing tactics which are intended to draw a more attractive offer from NWS […]
Dow Jones union is going about this the wrong way
Forbes.com columnist Gary Weiss writes that the union that represents business journalists at Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and Marketwatch, should not be bringing alternative bidders to News Corp. CEO Rupert Murdoch to the bargaining table. Weiss wrote, “If IAPE wants to preserve the editorial independence of Dow […]
What would WSJ disclosure be with Murdoch as owner?
Slate.com media critic Jack Shafer wonders Wednesday how long the disclosure would be in The Wall Street Journal if News Corp. CEO Rupert Murdoch is successful in purchasing its parent company, Dow Jones & Co. Shafer notes that the Journal currently uses a disclosure sentence that mentions that Dow Jones owns Barron’s, Marketwatch, Factiva and […]
Why a Dow Jones purchase may not pay off for News Corp.
Eric Savitz of Barron’s writes on his Tech Trader Daily blog that Bear Stearns analyst Spencer Wang has crunched some numbers and concluded that a News Corp. purchase of Dow Jones & Co., the parent of The Wall Street Journal and Barron’s, may not work financially for the acquirer. Savitz wrote, “Next, he looks at […]
Greenspan willing to team up to bid for Dow Jones
Brad Greenspan, the former CEO of the company that once owned MySpace, told The Los Angeles Times that he would be willing to work with an investment firm recruited by Dow Jones & Co. staffers to fashion a joint bid for the financial news empire. Greenspan has made an offer to buy 25 percent of […]
What will happen to Barron's?
Forbes.com columnist Gary Weiss wonders on his blog Saturday about what will happen to Dow Jones & Co. publication Barron’s, which has not been mentioned in its negotiations with News Corp. and was not mentioned in the editorial safeguards agreed upon by the two companies. Weiss wrote, “Under this agreement, the editor of Barron’s can […]
