New York Post's history says Murdoch will change WSJ
Robert Snyder writes on the TPM Cafe web site that News Corp. CEO Rupert Murdoch’s history after he purchased the New York Post in 1976 shows that his assertions that he’ll leave The Wall Street Journal alone if allowed to buy its parent, Dow Jones & Co., are not to be believed. Snyder, a journalism […]
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 […]
Dear Rupert: Don't buy it, build it
Jerry Bowyer writes on the TCS Daily web site that the Bancroft family has donw News Corp. CEO Rupert Murdoch a favor by refusing to sell him Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and Marketwatch. That’s because Murdoch can now go out and build the best business news organization […]
What will one board seat mean to Bancrofts?
TheStreet.com’s Marek Fuchs writes about News Corp. CEO Rupert Murdoch‘s offer to give a seat on the board of his company to a member of the Bancroft family if they allow him to buy Dow Jones & Co., the parent of The Wall Street Journal. The problem with the media coverage of the offer, Fuchs […]
Ottaway predicts that Dow Jones won't sell
Leon Lazaroff of Bloomberg News interviewed James Ottaway Jr., whose family owns 5.2 percent of Dow Jones & Co. stock, and he predicted that the company would not sell to News Corp. CEO Rupert Murdoch. Lazaroff wrote, “‘I’m quite optimistic that we’ll be able to stop Murdoch,’ Ottaway, a former Dow Jones board member, said […]
Murdoch, Bancrofts have plenty to gain — and lose
MarketWatch media columnist Jon Friedman writes Wednesday that both News Corp. CEO Rupert Murdoch and the Bancroft family that controls Dow Jones & Co., the parent company of The Wall Street Journal, would stand to benefit if News Corp. did buy Dow Jones. They also have plenty to lose. Friedman wrote, “The media have speculated […]
The law firm that controls Dow Jones
Joshua Chaffin of The Financial Times takes a look at the Boston law firm of Hemenway & Barnes that does the legal work for the Bancroft family that controls Dow Jones & Co. and writes that the lawyers are the ones that actually control the owner of The Wall Street Journal. The law firm’s work […]
New WSJ ME Brauchli rallies the troops
There is a changing of the guard at the Wall Street Journal on Tuesday as managing editor Paul Steiger steps down after being at the helm since 1991 and is replaced by new ME Marcus Brauchli. Steiger will be an editor at large until the end of the year. In a memo to the staff, […]
Can Thomson/Reuters take on Bloomberg?
Jonathan Berr, a former Bloomberg News journalist, writes on the Blogging Stocks web site about the challenge facing the combined Thomson/Reuters operation in competing against his former employer. Berr wrote, “Bloomberg and Thomson were on friendly terms until fairly recently. Then, Thompson wouldn’t answer questions from Bloomberg reporters about the company’s earnings estimates. Eventually, Bloomberg […]
