Murdoch will walk away from Dow Jones with something
Laura Goldman, who worked on Wall Street for more than 20 years for such firms as Merrill Lynch and UBS Warburg, writes in a column syndicated by the McClatchy-Tribune News Service that News Corp. CEO Rupert Murdoch will eventually walk away from his offer to buy Dow Jones & Co., the parent of The Wall Street Journal, but only after […]
$100 million not enough to launch Fox Business Channel
Joseph Lazzaro writes on BloggingStocks.com about the Fortune story on Thursday that said that the Fox Business Channel would be started with $100 million and says that’s not enough. Lazzaro wrote, “One veteran media professional, who spoke on the condition that he not be identified by name, said he’s delighted that Murdoch will inject ‘news competition […]
Murdoch to spend $100 million launching Fox Business Channel
Tim Arango of Fortune writes Thursday that News Corp. CEO Rupert Murdoch will spend $100 million launching Fox Business Channel later this fall, but the cable network is expected to lose money for the first four years. Arango wrote, “The company plans to spend $100 million in initial capital for the business channel, which is […]
Murdoch will have to overcome newsroom culture
Seattle Times columnist Ryan Blethen writes Friday that the biggest hurdle for News Corp. CEO Rupert Murdoch to overcome if he acquires Dow Jones & Co. is combining the cultures of the two operations. Blethen wrote, “It is a safe bet that Murdoch views the newspaper as a natural partner to a new Fox cable […]
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 […]
Even the PR people are worried about business journalism's future
Kari Hanson, director of corporate communications at Zoominfo, has some interesting perspectives about two recent events in business journalism on her First Person PR blog. The two events are the resgination of PC World’s editor because of what he perceived to be meddling in the editorial content and News Corp.’s $5 billion “friendly offer” to […]
Jane, you ignorant slut
BusinessWeek has a nice debate on its web site between Los Angeles bureau chief Ron Grover and deputy news director of BusinessWeek.com Justin Bachman weighing the pros and cons of the News Corp. offer to buy Dow Jones & Co., the parent company of The Wall Street Journal, Barron’s and Marketwatch. Grover argues in favor […]
Bid for Dow Jones is marketing coup for Fox Business Channel
Marketwatch media columnist Jon Friedman writes Wednesday that the News Corp. $5 billion offer for Dow Jones & Co. is a marketing coup for its upcoming Fox Business Channel cable station because it creates awareness about business journalism. News Corp. would like to use editorial content from Dow Jones properties such as The Wall Street […]
Details of Murdoch's letter to Dow Jones board emerge
Wall Street Journal reporters Dennis Berman and Sarah Ellison had details Wednesday of the letter that News Corp. CEO Rupert Murdoch sent to the Dow Jones & Co. board about his plans for the owner of The Journal, Barron’s and Marketwatch should his $5 billion offer be accepted. Berman and Ellison wrote, “The vision he […]
NYTimes: Murdoch making offer Bancrofts can't refuse
The New York Times story about News Corp. making a $5 billion offer to acquire Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and Marketwatch noted that CEO Rupert Murdoch would use the Dow Jones properties to provide content for his Fox Business Channel scheduled to launch later this year. But […]
