Bancroft family member tries to thwart deal
Christopher Bancroft, a member of the family that controls Dow Jones & Co., the parent of The Wall Street Journal, is engaged in a last-ditch effort to thwart the acquisition of the company by News Corp. CEO Rupert Murdoch, writes three Journal reporters for Monday’s paper. Susan Warren, Sarah Ellison and Dennis Berman wrote, “His […]
Times coverage of Dow Jones/Murdoch deal vs. WSJ stories
New York Times public editor Clark Hoyt took a look Sunday at his paper’s two-part series of News Corp. CEO Rupert Murdoch and is business tactics in the wake of his offer to purchase Dow Jones & Co., the parent of The Wall Street Journal, amid complaints from News Corp. that the series was slanted. Hoyt wrote, “My own […]
New editors named at WSJ
Wall Street Journal managing editor Marcus Brauchli sent out the following e-mail message Friday afternoon: “I’m pleased to announce the elevation of two editors to new jobs that will strengthen and focus our coverage in two areas of central importance to readers, real estate and economics. “Connie Mitchell Ford, New York-based economics editor, will become […]
Financial Times, CNBC discussing partnership
Aaron Patrick of The Wall Street Journal writes Thursday that the Financial Times newspaper and business news cable network CNBC are discussing ways to share video and Web operations. The Journal currently as an agreement with CNBC, but that could end if News Corp., which is starting its own business news cable network in October, […]
Murdoch appears frustrated with progress of Dow Jones talks
The Associated Press is reporting that News Corp. CEO Rupert Murdoch is becoming frustrating with the lack of progress in talks to acquire Dow Jones & Co., the parent of The Wall Street Journal. An AP reporter caught up with Murdoch at the Sun Valley media conference in Idaho. The AP story stated, “Murdoch has […]
Why a Dow Jones purchase may not pay off for News Corp.
Eric Savitz of Barron’s writes on his Tech Trader Daily blog that Bear Stearns analyst Spencer Wang has crunched some numbers and concluded that a News Corp. purchase of Dow Jones & Co., the parent of The Wall Street Journal and Barron’s, may not work financially for the acquirer. Savitz wrote, “Next, he looks at […]
Investors may just buy out Bancrofts who want to sell
Richard Perez-Pena of The New York Times writes for Wednesday’s newspaper that the two investors, Brad Greenspan and Ron Burkle, who meet with members of Dow Jones & Co.’s board on Tuesday may just offer to purchase the shares of the Bancroft family members who want to sell out. Perez-Pena wrote, “The two men are […]
Burkle, Greenspan meet with Dow Jones board, fail to impress Kann
Sarah Ellison of The Wall Street Journal writes that Brad Greenspan and Ron Burkle both met with board members of Dow Jones & Co. on Tuesday to discuss alternative bids to the $5 billion offer from News Corp. Ellison noted that former Dow Jones CEO Peter Kann, a former reporter at The Journal, expressed concern […]
A look at how the Journal, and other newspapers, cover themselves
Michelle Tsai of Slate.com takes a look at how newspapers cover themselves or their parent companies — often the job of someone in business news — when they become news and concludes that none of them do a good job. Exhibit A is The Wall Street Journal’s coverage of News Corp.’s $5 billion offer to […]
EchoStar to team up with Greenspan on Dow Jones bid
Andy Vuong of the Denver Post writes Tuesday that EchoStar Communications, the country’s No. 2 satellite TV operator, is likely to team up with Internet executive Brad Greenspan to make a bid for Dow Jones & Co., the parent of The Wall Street Journal. Vuong wrote, “Such a move would once again pit EchoStar founder and […]
