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 […]
Regulators probing Dow Jones insider trading
The New York attornety general’s office and the Securities and Exchange Commission are investigating possible illegal insider trading in Dow Jones & Co. stock before it was revealed that the owner of The Wall Street Journal, Barron’s and Marketwatch had received a $5 billion offer from News Corp. Karen Scannell of the Journal wrote, “A […]
WSJ union to Murdoch: You just don't get it
The union that represents the business journalists at The Wall Street Journal, Barron’s and Marketwatch responded Friday in an e-mail to its members that comments made by News Corp. CEO Rupert Murdoch in a story in Friday’s New York Times show that he doesn’t understand the Journal. News Corp. offered to buy Dow Jones & […]
Trophy business at Dow Jones is online
Fortune senior editor David Kirkpatrick writes that the voluminous coverage of News Corp.’s proposed $5 billion offer for Dow Jones & Co. virtually ignores what he considers the company’s trophy business. It’s not The Wall Street Journal, Barron’s or Marketwatch, but the online operations. Kirkpatrick wrote, “Of course, Murdoch knows how to run papers as […]
Murdoch on what he likes — and doesn't like — about the Journal
Rupert Murdoch, the CEO of News Corp. talked to the New York Times for a story published Friday about what he reads in The Wall Street Journal in the wake of his company’s $5 billion bid for Dow Jones & Co., the parent of the Journal as well as Barron’s and Marketwatch. Richard Siklos and […]
The problems with buying Dow Jones
Joseph Lazzaro writes on BloggingStocks.com that one of the problems with News Corp.’s proposed $5 billion purchase of Dow Jones & Co., the parent of The Wall Srreet Journal, Barron’s and Marketwatch, is that how business journalism will be delivered to consumers in the future has not been decided. Lazzaro wrote, “Murdoch, his multimedia prowess and […]
Cramer: Dow Jones board should take bid or resign
TheStreet.com’s Jim Cramer writes Thursday morning that the Dow Jones & Co. outside board members are all current or former executives of other companies who know something about creating shareholder value and thus should take the $5 billion offer from News Corp. to sell the owner of The Wall Street Journal, Barron’s and Marketwatch. Cramer […]
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 […]
How would Murdoch run the Wall Street Journal?
Richard Siklos of the New York Times writes Thursday about how News Corp. CEO Rupert Murdoch would run The Wall Street Journal if he is successful in acquiring its parent company, Dow Jones & Co. Siklos wrote, “First, Mr. Murdoch does not mind losing money in the short term to satisfy his competitive goals. And […]
