How would Murdoch run the Wall Street Journal?
Richard Siklos of the New York Times writes Thursday about how News Corp. CEO Rupert Murdoch would run The Wall Street Journal if he is successful in acquiring its parent company, Dow Jones & Co. Siklos wrote, “First, Mr. Murdoch does not mind losing money in the short term to satisfy his competitive goals. And […]
Big payout for Dow Jones executives if company is sold
Eric Dash of the New York Times writes Thursday that executives and employees of Dow Jones & Co. stand to make a lot of money if the owner of The Wall Street Journal, Barron’s and Marketwatch is sold now that an offer has been made. Dash wrote, “For Richard F. Zannino, who became the chief […]
Ottaway family also opposed to selling Dow Jones to News Corp.
The Ottaway family, which sold its community newspapers to Dow Jones & Co. in 1970 and remains a large shareholder, is also opposed to selling the owner of The Wall Street Journal and Barron’s to News Corp. for $5 billion, according to a story in the Journal on Wednesday. Sarah Ellison and Dennis Berman wrote, […]
Bancroft representative in the limelight
Peter Lattman of The Wall Street Journal profiles Boston lawyer Michael Elefante, who represents the Bancroft family, which controls 64 percent of the voting stock of Dow Jones & Co., the parent of The Wall Street Journal. Elefante has been the voice of a majority of the family in turning down the $5 billion offer from News […]
Dow Jones board to take no action on News Corp. offer
The Dow Jones & Co. board issued a statement late Wednesday stating that it would not take any action regarding News Corp.’s $5 billion offer to purchase the owner of The Wall Street Journal, Barron’s and Marketwatch. The statement said, “Dow Jones & Company (NYSE:DJ) today announced that a director who is a representative of […]
Dow Jones board meets with bankers to assess options
The Financial Times is reporting Wednesday that the board of Dow Jones & Co. met with bankers from Goldman Sachs to assess their options in the wake of the $5 billion offer from News Corp. for the owner of The Wall Street Journal, Barron’s and Marketwatch. James Politi, Aline van Duyn and Josh Chaffin wrote, “Goldman […]
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 […]
