Milk the cow before it gets out the barn door
The New York Post is reporting Monday the following brief: “Just prior to the Bancroft family’s approval of selling Dow Jones to News Corp., the family doubled the dividend it takes from the company, filings said. Instead of its usual 25-cent per share quarterly dividend, the board voted to boost it to 50 cents, doubling […]
WSJ union wants to get new contract in place soon
The union that represents business journalists at The Wall Street Journal, Barron’s, Marketwatch and Dow Jones Newswires wants to get a new contract agreed up before News Corp. CEO Rupert Murdoch closes on his deal to acquire Dow Jones & Co., writes the New York Post’s Keith Kelly. Kelly wrote, “IAPE’s last contract with Dow […]
Neuharth: Murdoch won't piss off all the WSJ people
In an interview with Nat Ives of Advertising Age, USA Today founder Al Neuharth talks about what he thinks News Corp. CEO Rupert Murdoch will do with The Wall Street Journal once he closes on the deal to buy its parent. Here is an excerpt: Advertising Age: How will Rupert Murdoch change The Wall Street […]
Praising WSJ coverage of sale of Dow Jones
Steve Coll of The New Yorker writes in the latest issue about the strong coverage in The Wall Street Journal about the sale of its parent company, Dow Jones & Co. Coll wrote, “When there’s big news, the main story on the Wall Street Journal’s front page usually starts with a short, ringing sentence, such […]
Bruising battle ahead for NYT and FT
Matthew Creamer and Jeremy Mullman write in Advertising Age about the bruising competition for news and readers that the New York Times and Financial Times will face against a Wall Street Journal owned by News Corp. CEO Rupert Murdoch. They wrote, “While he’s said little about his plans for the Wall Street Journal and the […]
FT parent: WSJ will remain an American newspaper
The parent of The Financial Times isn’t worried about what Rupert Murdoch will do to change The Wall Street Journal, arguing that its American rival will remain just that — an American newspaper, writes Tim Luckhurst of the Sunday Independent in London. Luckhurst wrote, “AÂ Pearson spokesman is dismissive. Pointing to evidence that many WSJ […]
Steiger preferred Wall Street Journal remain independent
Former Wall Street Journal managing editor Paul Steiger, who was criticized for not speaking out against News Corp. CEO Rupert Murdoch‘s offer to buy the paper’s parent company, Dow Jones & Co., said at the Asian American Journalists Association annual meeting that he was conflicted, but felt he needed to keep quiet. San Jose Mercury […]
On the media beat for two weeks before Murdoch bid for WSJ
Marketwatch media columnist Jon Friedman wrote Friday about New York Times business reporter Richard Perez-Pena, who began covering the media beat two weeks before News Corp. CEO Rupert Murdoch made his offer to purchase the parent of The Wall Street Journal for $5 billion. Friedman wrote, “The Journal essentially was covering its future, and emotions […]
Dow Jones seeks correction on WSJ story
Robert MacMillan of Reuters reports that Dow Jones & Co., the parent of The Wall Street Journal, is seeking a correction of a Journal story about the parent company being sold to News Corp. MacMillan wrote, “The Journal and its owner, Dow Jones, are in a dispute over whether the company was considering paying the […]
News Corp. gave $2.5 million to WSJ oversight board member
Reuters is reporting that News Corp. has pledged to give $2.5 million to a foundation run by a person picked to be on the Wall Street Journal editorial oversight board that will guard the paper against interference by News Corp. CEO Rupert Murdoch. Murdoch agreed to purchase the parent company of The Journal earlier this […]
