Financial news = lucrative product
Aaron Patrick, Jason Singer and Stephanie Kang wrote in Saturday’s Wall Street Journal about the Reuters/Thomson talks and how that potential merger is indicative of the importance of financial news and information on today’s society. They wrote, “The burst of takeover activity shows that as more and more general news becomes available free online, financial information — […]
Reuters receives takeover inquiry
Zimri Smith and Mark Herlihy of Bloomberg News report that busines news wire services Reuters Group Plc has been approached by an unidentified buyer, sending its stock up. Smith and Herlihy wrote, “Reuters has almost 17,000 employees and 196 news bureaus worldwide. Shares of the 156-year-old company had jumped 8 percent before the statement on […]
News Corp. to woo Bancrofts, WSJ journalists
Dennis Berman, Matt Karnitschnig and Susan Pulliam of The Wall Street Journal wrote Friday that News Corp. plans to shmooze members of the Bancroft family as well as the journalists at The Journal in an attempt to convince both that its proposed $5 billion deal for Dow Jones & Co. would work. The reporters wrote, “The […]
Auletta: Bancrofts would consider offers from Grahams, Bloomberg
New Yorker media columnist Ken Auletta said in an interview on National Public Radio’s “Marketplace” that the Bancroft family told him several years ago when he was writing an article about them that they would consider offers for Dow Jones & Co. from the Grahams, who control The Washington Post Co., and from Bloomberg LP, […]
Dow Jones board meets with bankers to assess options
The Financial Times is reporting Wednesday that the board of Dow Jones & Co. met with bankers from Goldman Sachs to assess their options in the wake of the $5 billion offer from News Corp. for the owner of The Wall Street Journal, Barron’s and Marketwatch. James Politi, Aline van Duyn and Josh Chaffin wrote, “Goldman […]
Fierce lobbying among Bancroft factions
Dennis Berman and Sarah Ellison of The Wall Street Journal write in a second story Wednesday that there has been serious lobbying within the Bancroft family that controls parent company Dow Jones & Co. about whether to support or reject the $5 billion offer from News Corp. They wrote, “Even so, a company statement late […]
Details of Murdoch's letter to Dow Jones board emerge
Wall Street Journal reporters Dennis Berman and Sarah Ellison had details Wednesday of the letter that News Corp. CEO Rupert Murdoch sent to the Dow Jones & Co. board about his plans for the owner of The Journal, Barron’s and Marketwatch should his $5 billion offer be accepted. Berman and Ellison wrote, “The vision he […]
When the business story is your own paper
Minneapolis Star Tribune reader representative Kate Parry examined the coverage by one of the paper’s business reporters in covering the story of the sale of the paper and how its current publisher switched from the rival St. Paul Pioneer Press, resulting in a lawsuit. Parry wrote, “That unusual assignment has gone to Business reporter Matt […]
AT&T coverage at opposite ends
TheStreet.com’s Marek Fuchs wrote Friday that coverage of AT&T’s earnings earlier in the week had two widely divergent takes on the numbers. He wrote, “Look at what The Wall Street Journal said about AT&T’s Tuesday earnings report: Wireless Growth, Mergers Fuel AT&T Net. Got that? Wireless growth helped lead to an almost doubling of first-quarter […]
Welcome to In-N-Out Burger, may I take your order?
Arizona Daily Star business editor Tim Steller explained Friday on a blog why the paper covered the opening of In-N-Out Burger so thoroughly. Steller wrote, “There’s a pretty simple answer: Many readers care. “Yes, it seems irrational. But we’ve discovered from writing about In-N-Out’s plans for Tucson that a sizable group of readers cares intensely […]
