News Corp. acquiring Dow Jones would be dangerous to competitors
Matthew Flamm of Crain’s New York Business looks at the proposed $5 billion acquisition of Dow Jones & Co. by News Corp. and comes up with a number of ways that the deal would hurt competitors in business journalism. Flamm wrote, “While CNBC has the exclusive use of Journal reporters on air until 2012, Mr. […]
Murdoch will bamboozle even WSJ's editorial page
Former Federal Communications Commission chairman Reed Hundt wrote on the TPM Cafe web site that News Corp. CEO Rupert Murdoch will affect even the Wall Street Journal’s conservative editorial page if he is successful in buying parent company Dow Jones & Co. Hundt wrote, “As far as the Wall Street Journal editorial board is concerned, […]
Rupert's plans for Wall Street Journal?
From Ben Sargent of the Austin American-Statesman: Â
CNBC on the defensive
Marketwatch media columnist Jon Friedman writes Monday that the News Corp. offer to acquire Dow Jones & Co. last week puts business cable network CNBC on the defensive as it prepares for the launch of News Corp.’s Fox Business Channel. Friedman wrote, “One of the battles between Fox’s business channel and CNBC will be fought […]
Murdoch as the big, bad wolf
New York Times media columnist David Carr sits back and takes a look at what might happen between News Corp. CEO Rupert Murdoch and the Bancroft family that controls Dow Jones & Co. in his Monday column, available online Sunday night. Last week, Murdoch made a $5 billion offer for Dow Jones, which owns The […]
Buffett: Murdoch's bid for Dow Jones is about ego
Warren Buffett, a large shareholder in the Washington Post Co., said in a press conference Sunday that News Corp. CEO Rupert Murdoch’s bid for Dow Jones & Co., the parent of The Wall Street Journal, goes beyond economics, according to a Bloomberg story. Jesse Westbrook wrote, “Rupert would even acknowledge that some part of his […]
Ottaway family members issue statements opposing Dow Jones sale
Jim Ottaway Jr., a former executive of Dow Jones & Co., has issued a statement saying that he opposes selling the company to News Corp. because it would result in the compromising of The Wall Street Journal’s integrity. The Ottaway family still owns more than 6 percent of the company’s stock. The statement, posted Sunday […]
Why Murdoch's strategy won't work at Wall Street Journal
Media critic Norman Solomon writes in a column why News Corp. CEO Rupert Murdoch‘s past strategy of using sensationalism and politics in shaping his newspapers won’t work at The Wall Street Journal if he is successful in acquiring its parent company, Dow Jones & Co. Solomon wrote, “Investors and money managers — prime demographic targets […]
Bancrofts must weigh anual check vs. lump-sum payment
Paul Tharp of the New York Post breaks down the numbers Sunday of what it would mean for members of the Bancroft family if they decided to sell Dow Jones & Co. to News Corp. for $5 billion. Tharp wrote, “The 36 family members currently get an average yearly dividend payment of $572,222 apiece from […]
Sloan: Murdoch will win Dow Jones with higher bid
Allan Sloan, the Wall Street editor of Newsweek, predicts that News Corp. CEO Rupert Murdoch will be successful in his bid for Dow Jones & Co. by raising his bid — despite his concerns for what it will mean for the journalism practices at the company’s Wall Street Journal. Sloan wrote, “We journalists are supposed […]
