Buffett bought Dow Jones stock from Bancrofts
The Wall Street Journal is reporting Wednesday that billionaire investor Warren Buffett purchased a small stake in Dow Jones & Co., the parent of The Journal, from Bancroft family members while they were negotiating to sell the company to News Corp. CEO Rupert Murdoch. Karen Richardson of The Journal wrote, “Berkshire owned 2.78 million Dow […]
Murdoch won't spend wildly in WSJ newsroom
Joseph Menn of The Los Angeles Times writes Monday that News Corp. CEO Rupert Murdoch isn’t expected to spend a lot of money in The Wall Street Journal‘s newsroom in his bid to compete against the New York Times. Instead, the strategy will be elsewhere, like cutting the newsstand price. Menn wrote, “Analysts don’t see […]
PR pros believe Murdoch will only mess up WSJ a little
Hamilton Nolan of PR Week that public relations professionals he interviewed for a recent article believe that News Corp. CEO Rupert Murdoch will only mess up The Wall Street Journal a little. Nolan wrote, “Most people preferred to stay on background when it came to discussing the most influential business outlet in America, so I’ll […]
Harsh coverage almost killed Dow Jones deal
News Corp. CEO Rupert Murdoch said Tuesday that the “harsh” coverage of his attempts to purchase Dow Jones & Co., the parent of The Wall Street Journal, almost killed the deal. Peter Lauria of The New York Post wrote, “‘I spent the better part of the past three months enduring criticism normally leveled at a […]
Murdoch says no plans to cut WSJ workforce
News Corp. CEO Rupert Murdoch stated on an earnings conference call Tuesday that there are no plans to cut the Wall Street Journal workforce after he completes his acquisition of its parent company, Dow Jones & Co. Gillian Wee of Bloomberg wrote, “Murdoch said on the call today that the company plans to expand the […]
Defending the Financial Times
John Ridding, the CEO of The Financial Times, defends the newspaper in a Marketing Week article in the wake of those who believe the paper will suffer when competing against a rejuvenated Wall Street Journal under News Corp. CEO Rupert Murdoch. Ridding is a former reporter and editor for the paper. Stuart Smith wrote, “Ridding […]
Don't fret about changes at WSJ
Claudia Rosett, a former Wall Street Journal reporter, writes for the Philadelphia Inquirer that readers and journalists shouldn’t worry about changes at the Journal under News Corp. CEO Rupert Murdoch because it’s been undergoing dramatic changes for the past 20 years. Rosett wrote, “Technology is just part of the story, itself a product of that […]
Steiger: Murdoch's ownership won't affect WSJ's China coverage
Speaking in Beijing, former Wall Street Journal managing editor Paul Steiger said that he didn’t believe that News Corp. CEO Rupert Murdoch‘s ownership of the Journal would affect its coverage of China. An Associated Press story stated, “‘My expectation is that there will be no change in our China coverage,’ Paul Steiger said in Beijing. […]
Biz media forget about Nardelli's problems at Home Depot
TheStreet.com’s Marek Fuchs writes that the coverage being bestowed upon new Chrysler CEO Robert Nardelli seems to be using revisionist history about his time as Home Depot’s CEO. Fuchs wrote, “So how did the business media cover his appointment to lead Cerberus Capital Management’s Chrysler, one that many will be watching to gauge the ultimate […]
Murdoch pledges to spend hundreds of millions on WSJ
Johnnie Roberts of Newsweek reports that News Corp. CEO Rupert Murdoch plans to spend a lot of money on expanding his new property, The Wall Street Journal. Roberts wrote, “But it is Murdoch, a maverick and master of asymmetrical assaults on existing media segments, who has escalated the stakes most dramatically. Murdoch’s promised expansion of […]
