Dow Jones board member suspected of leak is prominent in Hong Kong

Keith Bradsher of The New York Times profiles Dow Jones & Co. board member David Li for Thursday’s paper. Li is being looked at as the possible leak of News Corp.’s $5 billion offer to buy the owner of The Wall Street Journal that led to two Hong Kong residents being charged with insider trading earlier this […]

Murdoch first approached Dow Jones CEO back in March

Sarah Ellison and Stephanie Kang of The Wall Street Journal are reporting for Thursday’s paper — but already online Wednesday night — that News Corp. CEO Rupert Murdoch first made overtures to Dow Jones & Co. CEO Richard Zannino as far back as March to acquire the owner of The Journal, Barron’s and Marketwatch. Ellison […]

Analyst: Dow Jones stock plummets if no deal

A Wall Street analyst who follows Dow Jones & Co. believes its stock price will fall below the level it was at before the disclosure that News Corp. had made a $5 billion offer for the company if the deal is eventually turned down. Bloomberg’s Allan Wan wrote that UBS analyst Brian Shipman believes that […]

Murdoch: Dow Jones offer more than fair

News Corp. CEO Rupert Murdoch, on a conference call Wednesday to discuss his company’s earnings, said his $5 billion offer to acquire Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and Marketwatch, was more than fair. Peter Loftus of Dow Jones Newswires wrote, “But on a conference call with analysts after News […]

At least 60 WSJ reporters send letters to Bancrofts

Michael Calderone of the New York Observer writes Wednesday that at least 60 journalists from the Wall Street Journal have sent letters to Bancroft family members asking them to oppose the sale of its parent, Dow Jones & Co., to News Corp. Calderone wrote, “While there is no letter written specifically on behalf of Pulitzer […]

Dow Jones/News Corp. illustrates why public ownership of papers is bad

Gary Weiss writes on Salon.com that the $5 billion offer by News Corp. to acquire Dow Jones & Co., the parent of The Wall Street Journal, is just another illustration of why public ownership of newspapers has been bad for the journalism business. Weiss wrote, “The reporters at Dow Jones know that you can forget […]

The nasty blot at the end of Steiger's career

BusinessWeek’s Jon Fine writes that the decision by Wall Street Journal managing editor Paul Steiger to hold the story that the Journal’s parent company, Dow Jones & Co., had received a $5 billion takeover offer from News Corp. will end up being a “nasty blot” at the end of his career. It was announced last month that Steiger […]

Yahoo! should buy Dow Jones & Co.

Barry Ritholtz writes on the Seeking Alpha web site that Internet search company Yahoo! would be a better fit as an acquirer for Dow Jones & Co. than News Corp., which made an unsolicited $5 billion offer for the publisher of The Wall Street Journal last week. Ritholtz wrote, “Yahoo! could match Murdoch’s $5B offer, […]

Decision to hold story troubles journalism experts

David Jones of Crain’s New York Business writes Tuesday that journalism professors and experts are bothered by the revelation that top Wall Street Journal editors knew about the $5 billion offer from News Corp. to acquire Dow Jones & Co., the Journal’s parent, but held the story for a week until another media outlet broke […]

Reuters, Dow Jones not similar

Louis Hau, the media reporter for Forbes.com, writes Wednesday that despite both Reuters Group and Dow Jones & Co. being best known for their business journalism, the companies — which are both currently acquisition targets — are much different. Hau wrote, “Reuters is best known as a news agency, but the news operations accounted for […]