Former Dow Jones CEO writes sad defense of himself
Forbes.com columnist Gary Weiss writes on his blog that former Dow Jones & Co. CEO Warren Phillips’ letter to the New York Times criticizing business section columnist Joe Nocera for his analysis of the company’s management is laughable and sad. Weiss wrote, “Phillips made the basic, P.R. 101 mistake of attacking a small portion of […]
Dow Jones won't sell to Murdoch, but will go to private equity
Peter Cohan, writing on BloggingStocks.com, predicts that the Bancroft family still won’t sell Dow Jones & Co., the parent of The Wall Street Journal, to News Corp. CEO Rupert Murdoch, but will use the talks with him to open a bidding process for the company. And when Cohan — president of a management consulting and […]
Other Dow Jones bidders unlikely
Leon Lazaroff of Bloomberg News writes that it’s unlikely that any other bidders for Dow Jones & Co., the parent of The Wall Street Journal, will be able to top News Corp. CEO Rupert Murdoch‘s $5 billion bid for the company now that its controlling owners, the Bancrofts, have agreed to talk. Lazaroff wrote, “The […]
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, […]
Bancroft family agrees to meet with News Corp.
The Wall Street Journal is reporting that the Bancroft family that controls its parent, Dow Jones & Co., has agreed to meet with News Corp. executives who have offered $5 billion to purchase the company, according to a statement from the family. Sarah Ellison, Dennis Berman and Susan Pulliam wrote, “The statement, set after a […]
Statement from union representing Dow Jones journalists
Statement from Steven Yount, president, Independent Association of Publishers’ Employees, which represents business journalists at The Wall Street Journal, Barron’s, Marketwatch and Dow Jones Newswires. “While we understand the Bancroft family may have an obligation to hear out potential opportunities, we urge them to stand firm and maintain their principled stand to maintain the integrity […]
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 […]
WSJ finally gets it with employment numbers
The New York Post business columnist John Crudelle writes Thursday that The Wall Street Journal finally understands that the government’s jobs numbers may not be accurate. Crudelle wrote, “It only took the nation’s most prominent business newspaper a decade and a half to figure it out, but the Job Market’s Strength May Have Been Overstated. “That […]
Former WSJ reporter says Murdoch will meddle
Matt Pottinger, a former Wall Street Journal reporter who is now a Marine serving in Iraq, writes an op-ed piece for the Washington Post that states that News Corp. CEO Rupert Murdoch has routinely meddled in media coverage of China, where he was a journalist. As such, Pottinger warns that the same thing could happen […]
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 […]
