$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, 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 […]
Too soon to tell if Murdoch offer affects Dow Jones' union talks
In an interview with the South Brunswick Post paper in New Jersey, the president of the union that represents business journalists at The Wall Street Journal, Barron’s, Dow Jones Newswires and Marketwatch said it was too early to tell if News Corp. CEO Rupert Murdoch’s offer to acquire Dow Jones & Co. would have any […]
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 […]
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 […]
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 […]
SEC says couple bought Dow Jones stock using inside info
The Securities and Exchange Commission has charged two Hong Kong residents with purchasing $15 million worth of Dow Jones & Co. stock using inside information before it was disclosed the company had received an offer to be bought for $5 billion by News Corp., according to an AP story. Larry Neumeister wrote, “The lawsuit in […]
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 may be the perfect owner for The Wall Street Journal
Andrew Ross Sorkin writes in the New York Times for Sunday — but already available online Saturday afternoon — that News Corp. CEO Rupert Murdoch may be the perfect owner for the Wall Street Journal. News Corp. made a $5 billion offer to acquire Dow Jones & Co., the parent of the Journal, Barron’s and […]
