Big payout for Dow Jones executives if company is sold
Eric Dash of the New York Times writes Thursday that executives and employees of Dow Jones & Co. stand to make a lot of money if the owner of The Wall Street Journal, Barron’s and Marketwatch is sold now that an offer has been made. Dash wrote, “For Richard F. Zannino, who became the chief […]
Bancroft representative in the limelight
Peter Lattman of The Wall Street Journal profiles Boston lawyer Michael Elefante, who represents the Bancroft family, which controls 64 percent of the voting stock of Dow Jones & Co., the parent of The Wall Street Journal. Elefante has been the voice of a majority of the family in turning down the $5 billion offer from News […]
Dow Jones board to take no action on News Corp. offer
The Dow Jones & Co. board issued a statement late Wednesday stating that it would not take any action regarding News Corp.’s $5 billion offer to purchase the owner of The Wall Street Journal, Barron’s and Marketwatch. The statement said, “Dow Jones & Company (NYSE:DJ) today announced that a director who is a representative of […]
Auletta: Bancrofts would consider offers from Grahams, Bloomberg
New Yorker media columnist Ken Auletta said in an interview on National Public Radio’s “Marketplace” that the Bancroft family told him several years ago when he was writing an article about them that they would consider offers for Dow Jones & Co. from the Grahams, who control The Washington Post Co., and from Bloomberg LP, […]
Dow Jones board meets with bankers to assess options
The Financial Times is reporting Wednesday that the board of Dow Jones & Co. met with bankers from Goldman Sachs to assess their options in the wake of the $5 billion offer from News Corp. for the owner of The Wall Street Journal, Barron’s and Marketwatch. James Politi, Aline van Duyn and Josh Chaffin wrote, “Goldman […]
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 […]
Dow Jones shareholders expect auction of company
Leon Lazaroff and Cecile Daurat of Bloomberg News write that News Corp.’s $5 billion offer to acquire Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and Marketwatch, will spur an auction of the company, according to some of its shareholders. They wrote, “‘We’re in the first inning,’ said Lawrence J. Haverty Jr., associate […]
Deal or no deal? Bancroft family says no deal
Dow Jones & Co. issued a statement after the markets closed saying that a member of the Bancroft family, which controls more than 60 percent of the stock in the company, is not interested in selling the parent of The Wall Street Journal, Barron’s and Marketwatch to News Corp. for $5 billion. The release stated, […]
GE could enter bidding for Dow Jones
Russ Britt, the Los Angeles bureau chief for Marketwatch, writes Tuesday that General Electric Co. might be forced to make an offer for Dow Jones & Co., to prevent rival News Corp. from buying the owner of The Wall Street Journal, Marketwatch and Barron’s. GE is the parent company of NBC and business news cable […]
