Too soon to tell if Murdoch offer affects Dow Jones' union talks
In an interview with the South Brunswick Post paper in New Jersey, the president of the union that represents business journalists at The Wall Street Journal, Barron’s, Dow Jones Newswires and Marketwatch said it was too early to tell if News Corp. CEO Rupert Murdoch’s offer to acquire Dow Jones & Co. would have any […]
Murdoch first approached Dow Jones CEO back in March
Sarah Ellison and Stephanie Kang of The Wall Street Journal are reporting for Thursday’s paper — but already online Wednesday night — that News Corp. CEO Rupert Murdoch first made overtures to Dow Jones & Co. CEO Richard Zannino as far back as March to acquire the owner of The Journal, Barron’s and Marketwatch. Ellison […]
Analyst: Dow Jones stock plummets if no deal
A Wall Street analyst who follows Dow Jones & Co. believes its stock price will fall below the level it was at before the disclosure that News Corp. had made a $5 billion offer for the company if the deal is eventually turned down. Bloomberg’s Allan Wan wrote that UBS analyst Brian Shipman believes that […]
Murdoch: Dow Jones offer more than fair
News Corp. CEO Rupert Murdoch, on a conference call Wednesday to discuss his company’s earnings, said his $5 billion offer to acquire Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and Marketwatch, was more than fair. Peter Loftus of Dow Jones Newswires wrote, “But on a conference call with analysts after News […]
Reuters, Dow Jones not similar
Louis Hau, the media reporter for Forbes.com, writes Wednesday that despite both Reuters Group and Dow Jones & Co. being best known for their business journalism, the companies — which are both currently acquisition targets — are much different. Hau wrote, “Reuters is best known as a news agency, but the news operations accounted for […]
SEC says couple bought Dow Jones stock using inside info
The Securities and Exchange Commission has charged two Hong Kong residents with purchasing $15 million worth of Dow Jones & Co. stock using inside information before it was disclosed the company had received an offer to be bought for $5 billion by News Corp., according to an AP story. Larry Neumeister wrote, “The lawsuit in […]
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 […]
