Wall Street Journal reporters don't show up for work
Reporters at The Wall Street Journal didn’t show up for work Thursday morning as part of a statement regarding its current negotiations for a new contract. They also said the measure was a reaction to the negotiations between Dow Jones executives and News Corp. to sell the company. In a statement, union president Steve Yount […]
Rupert and the business side of Dow Jones
Louis Hau of Forbes.com takes a look at what might happen to the business side of Dow Jones & Co., the parent of The Wall Street Journal, if News Corp. CEO Rupert Murdoch is successful in purchasing the company from the Bancroft family. Hau wrote, “If anything, Murdoch has expressed an interest in reversing Dow […]
Pact would let Murdoch hire and fire WSJ journalists
Richard Perez-Pena of The New York Times writes Thursday that the agreement between News Corp. CEO Rupert Murdoch and Dow Jones & Co., the parent of The Wall Street Journal, would let him hire and fire journalists at the paper. The agreement is a prelude to News Corp. acquiring Dow Jones & Co. from the […]
Murdoch expects approval from Bancrofts in two to three weeks
Gabriela Baczynska of Reuters wrote Wednesday that News Corp. CEO Rupert Murdoch expects to receive approval from the Bancroft family that controls Dow Jones & Co., the parent of The Wall Street Journal, to purchase the company in two to three weeks. Baczynska wrote, “‘Everything is done. We are just waiting for a final approval […]
Bancrofts won't vote until they see the complete deal
Matthew Karnitschnig of The Wall Street Journal writes for Wednesday’s paper that the Bancroft family that controls Dow Jones & Co., the Journal’s parent, won’t vote on a deal to sell the company to News Corp. until every detail has been negotiated, including the price. Karnitschnig wrote, “Michael B. Elefante, the Bancroft trustee who is […]
Pearlstine: WSJ brand won't transfer well to TV
Former Wall Street Journal managing editor Norman Pearlstine, speaking at the PriceWaterhouseCoopers media conference in New York on Tuesday, said he doesn’t beliebe that the newspaper’s brand name will transfer well to television if News Corp. CEO Rupert Murdoch decides to use the paper to help launch Fox Business Channel. Paul LaMonica, who covers the […]
Bancroft temperature must now be taken
Sarah Ellison of The Wall Street Journal writes that now that Dow Jones & Co. and News Corp. have agreed on principles to protect the newspaper from interference, the measures need to be taken to the Bancroft family that controls the company. The Bancrofts still have the final say on whether to sell Dow Jones, […]
Dow Jones and News Corp. reach agreement on WSJ safeguards
Reuters is reporting that Dow Jones & Co., the parent of The Wall Street Journal, and News Corp. have reached an agreement for editorial safeguards preventing News Corp. executives from meddling in the Journal’s journalism content. The agreement should pave the way for News Corp. to now negotiate a deal to acquire the parent company […]
Bancrofts will sell Dow Jones, but not to Murdoch
Markos Kaminis writes on the SeekingAlpha web site that he believes that the Bancrofts will sell Dow Jones & Co.,the parent of The Wall Street Journal, but not to News Corp. CEO Rupert Murdoch. Kaminis wrote, “When you compete against someone, whether in media or in total wealth, like for instance Rupert Murdoch, then selling […]
Editorial protections for WSJ could be announced Tuesday
Sarah Ellison and Dennis Berman of The Wall Street Journal write for Tuesday’s paper that editorial protections for The Journal that would prevent potential owner Rupert Murdoch could be announced as soon as Tuesday, paving the way for Murdoch’s News Corp. to acquire Dow Jones & Co., the Journal’s parent. Ellison and Berman wrote, “Neither […]
