Journal readers wary of Murdoch
Louise Story and Angel Jennings of The New York Times write Wednesday that readers are wary of what will happen to The Wall Street Journal under News Corp. CEO Rupert Murdoch‘s ownership. Story and Jennings wrote, “On Wall Street, Anand Saraiya, a financial consultant at Gunn Allen Financial, was also quick to mentally juxtapose The […]
CNBC reports that Dow Jones/News Corp. is a done deal
CNBC’s David Faber is reporting Tuesday morning that Dow Jones & Co., the parent of The Wall Street Journal, Barron’s, Marketwatch and Dow Jones Newswires, will agree to be sold to News Corp. for $5 billion. The story on the CNBC web site stated, “Still to be determined is how much of the legal and […]
FT parent says it had no intention of buying Dow Jones
Marjorie Scardino, the CEO of Pearson Plc, the parent of The Financial Times, said the company had no intention of buying Dow Jones & Co. but wanted to explore possibilities of combining operations. Alistair Osborne of The Telegraph newspaper in London wrote, “She said Pearson did not hold any talks with Dow Jones’ controlling Bancroft […]
Dow Jones deal could be "over the top"
Richard Perez-Pena and Andrew Ross Sorkin of The New York Times report for Tuesday’s paper that there are enough votes from the Bancroft family that controls Dow Jones & Co., the parent of The Wall Street Journal, to sell it to News Corp. CEO Rupert Murdoch. They wrote, “Family members and trusts representing more than […]
Murdoch "highly unlikely" to proceed with bid
A Reuters story Monday afternoon quotes a News Corp. spokesman as saying that CEO Rupert Murdoch is “highly unlikely” to proceed with his bid to acquire Dow Jones & Co., the parent of The Wall Street Journal, based on the low level of support for the offer from Bancroft family members. The Reuters story stated, “Dow Jones’ […]
Profits, revenue up at Financial Times
Pearson Plc, the London-based parent of The Financial Times, reported earnings Monday that showed strong results for the business newspaper. The FT Group within Pearson reported revenue in the first six months of 164 million pounds, up from 135 million pounds in the first six months of 2006. Its profit was 23 million pounds, up […]
Deadline looms; shareholder vote could happen
Richard Perez-Pena of The New York Times writes Monday that with a 5 p.m. deadline looming for the Bancroft family to decide whether to sell Dow Jones & Co., a general shareholder vote may be the next step if they remain split about the future of the parent of The Wall Street Journal. Perez-Pena wrote, […]
Bancrofts still haggling about deal
Sarah Ellison and Matthew Karnitschnig of The Wall Street Journal write Monday that the Bancroft family vote on whether to sell the Journal’s parent, Dow Jones & Co., to News Corp. CEO Rupert Murdoch is still too close to call. Ellison and Karnitschnig wrote, “The Bancroft family and its advisers headed into the final hours […]
The demographics behind Wall Street Journal readers
Scott Mayerowitz of ABC News takes a look at the demographics of the average Wall Street Journal reader to determine News Corp. CEO Rupert Murdoch‘s interest in buying its parent company, Dow Jones & Co., for $5 billion. Mayerowitz wrote, “Each day more than 2 million people pick up a copy of The Wall Street […]
Intense wrangling among Bancrofts
Members of the Bancroft family have spent the last two days exchanging a flurry of e-mails and letters extolling the virtues and the cons of selling Dow Jones & Co., the parent of The Wall Street Journal, to News Corp. CEO Rupert Murdoch, according to a story by Journal reporters Matthew Karnitschnig, Susan Pulliam and […]
