Dow Jones could do worse than Rupert Murdoch
Variety columnist Brian Lowry writes Tuesday that Dow Jones & Co., the parent of The Wall Street Journal, could do worse than being sold to News Corp. CEO Rupert Murdoch, who has offered $5 billion for the company. Lowry wrote, “Whatever Fox News Channel and the New York Post’s excesses under Murdoch’s stewardship, GE and […]
Bancrofts would ask for same safeguards with GE/Pearson offer
Aaron Patrick and Sarah Ellison of The Wall Street Journal write for Tuesday’s paper that the Bancroft family that controls Dow Jones & Co. would ask for similar editorial safeguards for the Journal from GE and Pearson that they have asked for from News Corp. CEO Rupert Murdoch should they combine to make a bid […]
Analyst: WSJ would shutter European editions, FT to end U.S. edition if deal
A Dow Jones Newswires story about the the possibility of the parent company of the Financial Times and GE, the parent of business news cable network CNBC, joining together to purchase Dow Jones & Co., the parent of The Wall Street Journal, quotes analysts as saying foreign editions of the papers would close under such […]
GE/Pearson bid for Dow Jones makes no sense journalistically
Jonathan Berr writes on BloggingStocks.com that the talk about GE subsidiary CNBC and Pearson subsidiary The Financial Times teaming up to make a bid for Dow Jones & Co., the parent of The Wall Street Journal, makes no sense financially or from a journalistic point of view. Berr wrote, “Moreover, this would be a bear […]
Pearson/GE bid for Dow Jones could lead to layoffs
A joint bid by the parent companies of The Financial Times and business news cable network CNBC for Dow Jones & Co., the parent of The Wall Street Journal, might not be better for business journalists than the News Corp. offer, writes Richard Perez-Pena of The New York Times. Perez-Pena wrote, “But a person with […]
GE, Pearson discussing bid for Dow Jones
News Corp. CEO Rupert Murdoch may yet have a competing bid for Dow Jones & Co., the parent of The Wall Street Journal, according to a story for Monday’s Journal. Sarah Ellison, Dennis Berman and Kathryn Kranhold wrote, “General Electric Co. and Financial Times publisher Pearson PLC are in talks about making a joint bid […]
CNBC hires judge to investigate Million Dollar Portfolio challenge
The following state was issued by CNBC late Friday: “We have hired Judge Stanley Sporkin (U.S. District Court Judge, Ret.), the former Director of the Division of Enforcement for the Securities and Exchange Commission. Judge Sporkin is investigating whether one or more contestants engaged in illegal market manipulation to affect actual prices represented in their […]
Hennessey to oversee Fox Biz web site?
Marketwatch media columnist Jon Friedman writes Friday that he’s hearing that Ray Hennessey, the editor of the SmartMoney web site, is being courted to oversee the web operations of the upcoming Fox Business Channel. He’ll work closely with Alexis Glick, director of business news for Fox. Friedman wrote, “Hennessey, like Glick, is a veteran of […]
CNBC may disqualify some of its top 20 finishers
BusinessWeek’s Tim Catts is reporting that CNBC may disqualify some of the top 20 finishers in its $1 million stock picking contest, which may mean that a day trader who has had run-ins with securities regulators could be the winner. Catts wrote, “The man is Joe Dondero, who attended the College of New Jersey until […]
TheStreet.com cancels first round of contest
Louise Story of The New York Times writes Tuesday that TheStreet.com has canceled the first round of its stock picking contest “Beat the Street” due to cheating by some contestants. She wrote, “The financial news site did not disclose the tactics of the cheats, but it said that all participants of the first contest could […]
