Bancrofts want more money, editorial independence for WSJ
Andrew Ross Sorkin and Richard Perez-Pena of the New York Times write Friday that the Bancroft family that controls Dow Jones & Co. agreed to meet with News Corp. CEO Rupert Murdoch, but he’ll have to offer more money if he wants to acquire the owner of The Wall Street Journal. Sorkin and Perez-Pena wrote, […]
Public pressure won't convince Bancrofts to sell Dow Jones
Applying public pressure to persuade Dow Jones & Co.’s family owners to sell the media company to News Corp. CEO Rupert Murdoch may do more harm than good, according to a Reuters story Thursday. On Wednesday, the chief investment officer of T. Rowe Price, the largest institutional investor in the owner of The Wall Street […]
T. Rowe Price wants Bancrofts to consider Murdoch offer
T. Rowe Price, the largest institutional investor in Dow Jones & Co. stock, wants the Bancroft family that controls the company to consider the $5 billion offer from News Corp. CEO Rupert Murdoch, according to a Reuters story. Dow Jones is the parent of The Wall Street Journal, Barron’s and Marketwatch. Megan Davies wrote, “A […]
Bee journalists ordered to take 'junk bonds' out of lead
Sacamento Bee reader representative Armando Acuna writes Sunday that business journalists at the paper were ordered by top executives to take the “junk bond” status out of a lead and headline about its parent company, McClatchy Co. Acuna wrote, “Business editor Cathie Anderson didn’t agree with Rodriguez’s decision, and she discussed it with him. She […]
Key Bancroft member opposes sale
Matthew Karnitschnig and Susan Warren of The Wall Street Journal write Thursday that a key member of the Bancroft family opposes selling Dow Jones & Co. to News Corp. CEO Rupert Murdoch. They wrote, “‘Why would I risk that?’ said Christopher Bancroft, who also is a Dow Jones director, in his first public comments about […]
Bancrofts will meet on Wednesday to discuss Murdoch offer
Matthew Karnitschnig of The Wall Street Journal reports Wednesday that the Bancroft family that controls Dow Jones & Co., the parent of the Journal, plans to meet Wednesday to discuss News Corp. CEO Rupert Murdoch‘s $5 billion offer for the company. Karnitschnig wrote, “Some members of the clan believe the family should explore the matter […]
Apple iPhone story should have been stopped
Jonathan Berr, writing on the BloggingStocks.com web site, says that the story Wednesday about Apple delaying the launch of its iPhone, which turned out to be false, was one of the oddest he’s seen in business journalism. Berr wrote, “From the start, there were plenty of red flags. “Firstly, why would a company whose obsession with […]
Dow Jones board decides to take no action — again
Sarah Ellison and Robin Sidel of The Wall Street Journal write for Thursday’s paper — but already on the web site Wednesday night — that the Dow Jones & Co. board took no action again Wednesday on News Corp. CEO Rupert Murdoch‘s letter to the Bancrofts that control the company. Ellison and Sidel wrote, “It […]
Dow Jones board meets as Ottaway fires back
Frank Ahrens of The Washington Post reports that the Dow Jones & Co. board is meeting Wednesday afternoon to consider News Corp. CEO Rupert Murdoch’s retooled bid for the owner of The Wall Street Journal. Meanwhile, Jim Ottaway Jr., who owns a minority stake in Dow Jones, has responded to a letter from the editor […]
Bancrofts meet by phone; one not impressed with Murdoch's letter
Matthew Karnitschnig and Stephanie Kang of The Wall Street Journal, in writing about News Corp. CEO Rupert Murdoch’s letter to members of the Bancroft family that control Dow Jones & Co., note that a number of the family members convened on a conference call Monday to discuss News Corp.’s $5 billion offer to buy the […]
