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 […]
Why the outrage over Murdoch owning WSJ?
That’s what David Olive of The Toronto Star wants to know. He questions whether News Corp. CEO Rupert Murdoch will be a worse owner than the Bancroft family when it comes to running Dow Jones & Co., the parent of The Wall Street Journal. Olive wrote, “Politically, we’re not in the same book as Murdoch, […]
What a Bancroft does with Dow Jones dividend checks
Tim Arango of Fortune writes an interesting story Monday about what the dividend checks from Dow Jones & Co. pay for when it comes to one member of the Bancroft family that controls the owner of The Wall Street Journal. He focuses on Jacqueline Spencer Morgan, who married a Bancroft in 1948, and the millions she […]
Some traders believe Dow Jones bid will be raised
Dan Dorfman of the New York Sun wrote Monday that there’s talk among traders that News Corp. CEO Rupert Murdoch will raise his bid for Dow Jones & Co., the parent of The Wall Street Journal, leading to its stock increase on Friday. Dorfman wrote, “If anything, Friday’s action re-enforced the view in some Street […]
WSJ's slim profits make it vulnerable
Richard Perez-Pena of The New York Times writes that the Wall Street Journal’s slim profits, compared to other papers, is what makes parent company Dow Jones & Co. vulnerable to a takeover offer such as the $5 billion bid from New Corp. Perez-Pena wrote, “In part, The Journal’s recent struggles can be attributed to its […]
Bancrofts split on meeting with Murdoch
Joshua Chaffin of The Financial Times writes that members of the Bancroft family that control Dow Jones & Co., the parent of The Wall Street Journal, are divided about meeting with News Corp. CEO Rupert Murdoch to discuss his $5 billion bid for the company. Chaffin wrote, “Insiders say some of the 35-odd family members […]
Critics misguided for slamming WSJ's Steiger
TheDeal.com executive editor Yvette Kantrow wonders what was behind a New York Times story earlier this week that wrote about the fact that Wall Street Journal managing editor Paul Steiger knew that News Corp. had made a $5 billion offer for the Journal’s parent company Dow Jones & Co. but didn’t disclose it to journalists […]
A Barron's story full of errors
Neal Shanske writes on the Seeking Alpha web site about the demise of newspapers and his interest in reading them and cites the various errors in a recent Barron’s article as Exhibit A. Shanske wrote, “Last week, the Bancroft family made much noise opposing News Corp.’s bid for Dow Jones, publisher of Barron’s and the […]
Professor: Remember Clarence Barron
Mitchell Zuckoff, a journalism professor at Boston University, writes in the Saturday Boston Globe that those assessing News Corp. CEO Rupert Murdoch‘s bid for Dow Jones & Co., the parent of The Wall Street Journal, need to remember former owner Clarence Barron. Zuckoff wrote, “It’s worth noting that even as Barron drove himself and his […]
Bancroft family member says he wouldn't take $100/share for Dow Jones
The Wall Street Journal has a story in Saturday’s paper that looks into the Bancroft family that controls Dow Jones & Co., which has received a $5 billion, or $60 a share, bid from News Corp., and quotes one family member as saying he wouldn’t take $100 a share from News Corp CEO Rupert Murdoch. […]
