WSJ ad sales fell 12% in April; Barron's ad sales up 45%
Dow Jones & Co. reported Tuesday morning that ad revenue fell 12.2 percent at The Wall Street Journal, but rose 45.5 percent at Barron’s. The release stated, “Advertising revenue at The Wall Street Journal decreased 12.2% in April on a 12.7% decrease in advertising volume, due to declines in technology, financial and general advertising partially […]
Democrats itching to examine News Corp. offer for Dow Jones
Elana Schor of The Hill newspaper writes that Democrats in Congress want to use the News Corp. offer to purchase Dow Jones & Co. for $5 billion to examine media ownership laws, but they say their interest has nothing to do with News Corp. CEO Rupert Murdoch‘s conservative opinions. Schor wrote, “Murdoch’s offer is unlikely […]
Ottaway family members issue statements opposing Dow Jones sale
Jim Ottaway Jr., a former executive of Dow Jones & Co., has issued a statement saying that he opposes selling the company to News Corp. because it would result in the compromising of The Wall Street Journal’s integrity. The Ottaway family still owns more than 6 percent of the company’s stock. The statement, posted Sunday […]
Bancrofts must weigh anual check vs. lump-sum payment
Paul Tharp of the New York Post breaks down the numbers Sunday of what it would mean for members of the Bancroft family if they decided to sell Dow Jones & Co. to News Corp. for $5 billion. Tharp wrote, “The 36 family members currently get an average yearly dividend payment of $572,222 apiece from […]
Even the PR people are worried about business journalism's future
Kari Hanson, director of corporate communications at Zoominfo, has some interesting perspectives about two recent events in business journalism on her First Person PR blog. The two events are the resgination of PC World’s editor because of what he perceived to be meddling in the editorial content and News Corp.’s $5 billion “friendly offer” to […]
Why Murdoch may be the perfect owner for The Wall Street Journal
Andrew Ross Sorkin writes in the New York Times for Sunday — but already available online Saturday afternoon — that News Corp. CEO Rupert Murdoch may be the perfect owner for the Wall Street Journal. News Corp. made a $5 billion offer to acquire Dow Jones & Co., the parent of the Journal, Barron’s and […]
Regulators probing Dow Jones insider trading
The New York attornety general’s office and the Securities and Exchange Commission are investigating possible illegal insider trading in Dow Jones & Co. stock before it was revealed that the owner of The Wall Street Journal, Barron’s and Marketwatch had received a $5 billion offer from News Corp. Karen Scannell of the Journal wrote, “A […]
WSJ union to Murdoch: You just don't get it
The union that represents the business journalists at The Wall Street Journal, Barron’s and Marketwatch responded Friday in an e-mail to its members that comments made by News Corp. CEO Rupert Murdoch in a story in Friday’s New York Times show that he doesn’t understand the Journal. News Corp. offered to buy Dow Jones & […]
Trophy business at Dow Jones is online
Fortune senior editor David Kirkpatrick writes that the voluminous coverage of News Corp.’s proposed $5 billion offer for Dow Jones & Co. virtually ignores what he considers the company’s trophy business. It’s not The Wall Street Journal, Barron’s or Marketwatch, but the online operations. Kirkpatrick wrote, “Of course, Murdoch knows how to run papers as […]
Murdoch on what he likes — and doesn't like — about the Journal
Rupert Murdoch, the CEO of News Corp. talked to the New York Times for a story published Friday about what he reads in The Wall Street Journal in the wake of his company’s $5 billion bid for Dow Jones & Co., the parent of the Journal as well as Barron’s and Marketwatch. Richard Siklos and […]
