Denver Bancrofts to vote against News Corp. offer
Matthew Karnitschnig of The Wall Street Journal writes Friday afternoon that the Bancroft family members based in Denver that control more than 9 percent of Dow Jones & Co. stock plan to vote against selling the parent of the Journal to News Corp. Karnitschnig wrote, “The Denver trust, which holds 9.1% of Dow Jones’s voting […]
Sun Micro to become first company to issue press releases online
Richard Waters of the Financial Times writes that Sun Microsystems has decided that it will issue its news releases now only on the Internet and not by sending them out. Waters wrote, “While not yet entirely by-passing existing mechanisms for distributing corporate news, Jonathan Schwartz, chief executive officer, suggested the move points to the day […]
Business press suckered in sequential reporting on earnings
TheStreet.com media critic Marek Fuchs writes that some companies are asking business reporters to cover their earnings sequentially and not year-over-year, and some are being suckered into the tactic. Fuchs wrote, “Texas Instruments reported after the close on Monday. And then there’s the press release. The first two bullet points, coming right after the headline, […]
Prediction: WSJ staffers will move on, replaced by English and Aussies
David Ho of the Austin American-Statesman writes that some believe that News Corp. CEO Rupert Murdoch will try to hire more British journalists at the Wall Street Journal if he is successful in acquiring it. Ho wrote, “Edmonds said Murdoch is unlikely to change the Journal in ways perceived as ‘trashy or taking it down […]
Ottaway expects Bancrofts to turn down deal
Former Dow Jones & Co. executive James Ottaway Jr., who controls 6.2 percent of the voting stock, said he believes the Bancroft family that controls the parent of The Wall Street Journal will turn down the $5 billion offer from News Corp. CEO Rupert Murdoch, writes Jeremiah Horrigan of The Times Herald-Record in upstate New […]
WSJ staffers skeptical of oversight board candidates
Wall Street Journal reporters are skeptical about the people being considered for the editorial oversight board that would protect the paper from interference from News Corp. CEO Rupert Murdoch if he is successful in acquiring the parent company, Dow Jones & Co. Those being considered for the board include attorney Theodore Olson, who had served in the […]
Bancroft vote called too close to call
A group of Wall Street Journal reporters wrote for Wednesday’s paper that the Bancroft family that controls Dow Jones & Co. is still too divided to determine if they will agree to sell the company to News Corp. CEO Rupert Murdoch for $5 billion. They wrote, “The company’s advisers reckon that family-owned shares representing 30% […]
Bancrofts still split; decision by Friday
Jesse Noyes of the Boston Herald writes Tuesday that the Bancroft family remains divided over whether to sell Dow Jones & Co., the parent of The Wall Street Journal, to News Corp. for $5 billion. Noyes wrote, “A decision on the future of Dow Jones & Co. and its flagship Wall Street Journal could come […]
Secret password for Bancroft meeting
There’s a secret password to avoid the business media assembled to cover the Bancroft family meeting at a Boston hotel as it discusses whether to sell Dow Jones & Co., the parent of The Wall Street Journal, to News Corp. for $5 billion write Matthew Karnitschnig and Sarah Ellison of The Journal. They wrote that […]
At Monday meeting, Chris Bancroft may try to influence family
Richard Perez-Pena of The New York Times writes Monday that Chris Bancroft, the family member that has been most outspoken against selling Dow Jones & Co. to News Corp. CEO Rupert Murdoch, may try to influence others to vote against the deal at its meeting later in the day. Perez-Pena wrote, “Mr. Bancroft seems to […]
