Bancrofts expected to send new proposal to Murdoch
Bancroft family advisers were expected to send News Corp. CEO Rupert Murdoch as early as Tuesday a revised set of proposals for a special board to safeguard The Wall Street Journal‘s editorial independence, according to a story by Journal reporter Matthew Karnitschnig. Murdoch is trying to purchase the Journal’s parent, Dow Jones & Co., for $5 billion, […]
NBC still mulling Dow Jones offer
Dan Sabbagh, the media correspondent of The Times of London, writes for Tuesday’s paper that NBC is still mulling an offer for Dow Jones & Co., the parent of The Wall Street Journal. Sabbagh wrote, “Over the weekend, it emerged that GE and Microsoft held talks about a joint bid, but that those discussions came […]
Sharesleuth runs first story with no financial interest by Cuban
The business journalism investigative web site ShareSleuth.com has run its first story where financial backer Mark Cuban doesn’t hold a financial interest in the company. The site, launched last year and run by former St. Louis Post-Dispatch business reporter Chris Carey, has been criticized for only writing articles about companies where Cuban has a short […]
Cramer: Murdoch was willing to pay $74 for Dow Jones a decade ago
“Mad Money” host Jim Cramer writes for the latest issue of New York magazine that News Corp. CEO Rupert Murdoch was willing to pay $74 a share for DOw Jones & Co., the owner of The Wall Street Journal, more than a decade ago. His offer of $60 a share is now being considered. Cramer wrote, “When […]
GE and Microsoft studied Dow Jones bid
Steve Lohr of the New York Times writes Monday that General Electric Co.’s NBCÂ examined bidding for Dow Jones & Co., the parent of The Wall Street Journal, with Microsoft, but backed away. Lohr wrote, “Representatives from NBC and Microsoft talked to advisers to the Bancroft family, which controls Dow Jones. But after the preliminary discussions […]
Dow Jones extends severance program
Dow Jones & Co. extended a severance pay program to more senior executives that would pay them money in the event the company is sold, according to an Associated Press story. The severance pay extension likely includes editors at The Wall Street Journal, Barron’s and Dow Jones Newswires. The AP story stated, “In a regulatory […]
Internet executive, Wall Street group interested in Dow Jones
Reuters reports that a “Wall Street group” and an Internet entrepreneur want to mount a counterbid to News Corp. CEO Rupert Murdoch‘s $5 billion offer for Dow Jones & Co., according to an interview with an advisor for the union that represents business journalists at The Wall Street Journal, Barron’s, Marketwatch and Dow Jones Newswires. The story stated, […]
Zannino could emerge as media industry rainmaker
Greg Farrell of USA Today profiles Dow Jones & Co. CEO Richard Zannino in the wake of the $5 billion News Corp. bid to acquire the company. Zannino, who has not taken a position on the offer, has been busy overhauling the company. Farrell wrote, “The restructuring, combined with a strong year for print advertising in […]
Possible members of a Dow Jones independent editorial board
Richard Perez-Pena of The New York Times writes for Thursday’s paper that the issue of an independent board to oversee the editorial operations of The Wall Street Journal remains the key issue in whether its parent company, Dow Jones & Co., gets sold to News Corp. CEO Rupert Murdoch. The Bancroft family that controls Dow […]
Philly Inquirer owner expresses interest in Dow Jones
The company that owns The Philadelphia Inquirer and Philadelphia Daily News has expressed interest in joining with partners to buy Dow Jones & Co., the publisher of the Wall Street Journal, according to a story in the Inquirer by reporter Miriam Hill. Hill wrote, “‘If there was a formalized bidding process, it would be our intention to […]
