Former WSJ reporter: Rupert's not getting my shares
Roy Harris, a senior editor at CFO magazine, writes on its blog that News Corp. CEO Rupert Murdoch won’t get any of the shares in Dow Jones & Co. that he owns from working as a journalist at The Wall Street Journal. Harris wrote, “I had to work for my 800 shares — 23 years […]
Details of Murdoch's letter to Dow Jones board emerge
Wall Street Journal reporters Dennis Berman and Sarah Ellison had details Wednesday of the letter that News Corp. CEO Rupert Murdoch sent to the Dow Jones & Co. board about his plans for the owner of The Journal, Barron’s and Marketwatch should his $5 billion offer be accepted. Berman and Ellison wrote, “The vision he […]
Who owns WSJ matters to journalists, but not Wall Street
Allan Sloan writes in Wednesday’s Washington Post that journalists care about who owns The Wall Street Journal, but most people on Wall Street probably don’t. Sloan, Newsweek’s Wall Street editor, wrote, “There’s a real difference between journalistic giants and stock market pygmies. That’s the lesson of Monday’s $5 billion hostile offer by Rupert Murdoch’s News Corp. […]
Dow Jones shareholders expect auction of company
Leon Lazaroff and Cecile Daurat of Bloomberg News write that News Corp.’s $5 billion offer to acquire Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and Marketwatch, will spur an auction of the company, according to some of its shareholders. They wrote, “‘We’re in the first inning,’ said Lawrence J. Haverty Jr., associate […]
Why the Wall Street Journal is worth more than other papers
David von Drehle has a great analysis on Time magazine’s web site about why Rupert Murdoch’s $5 billion offer for Dow Jones & Co., the parent of The Wall Street Journal, values the newspaper at a much higher price than other papers. Von Drehle wrote, “The Journal is not like other newspapers. About the only […]
Deal or no deal? Bancroft family says no deal
Dow Jones & Co. issued a statement after the markets closed saying that a member of the Bancroft family, which controls more than 60 percent of the stock in the company, is not interested in selling the parent of The Wall Street Journal, Barron’s and Marketwatch to News Corp. for $5 billion. The release stated, […]
GE could enter bidding for Dow Jones
Russ Britt, the Los Angeles bureau chief for Marketwatch, writes Tuesday that General Electric Co. might be forced to make an offer for Dow Jones & Co., to prevent rival News Corp. from buying the owner of The Wall Street Journal, Marketwatch and Barron’s. GE is the parent company of NBC and business news cable […]
Options to buy Dow Jones stock surged on Monday
Options to buy stock in the parent company of The Wall Street Journal, Barron’s and Marketwatch surged on Monday, Bloomberg News is reporting, the day before it was disclosed that News Corp. had made an unsolicited offer to acquire Dow Jones. The increase indicates that some investors knew about the offer before it became public […]
Online will be more than half of Dow Jones revenue by 2009
Dow Jones & Co., which publishes The Wall Street Journal and Barron’s, will have more than half of its revenue come from online publishing by 2009, CEO Richard Zannino said at its annual meeting on Wednesday. A Reuters story stated, “Dow Jones, publisher of the Wall Street Journal, is one of the few newspaper companies […]
Subscriptions up at online Wall Street Journal, Barron's
Dow Jones & Co. reported first quarter earnings on Tuesday, and the release disclosed some interest numbers in relation to advertising and subscription growth at the online editions of The Wall Street Journal and Barron’s. The release stated, “Advertising revenue at Dow Jones Online was up 30%, and international advertising revenue was up 9.6%, more […]
