Making WSJ.com free would hurt other parts of Dow Jones
Kenneth Li and Robert MacMillan of Reuters report Friday that making The Wall Street Journal‘s web site free, which is the plan of News Corp. CEO Rupert Murdoch, would hurt the revenue of other Dow Jones & Co. properties such as Factiva and Dow Jones Newswires. Li and MacMillan wrote, “But the plan could undercut […]
Financial Times believes WSJ changes will help it succeed in U.S.
An executive of Pearson Plc, the parent company of The Financial Times, said at a conference that the company believes that News Corp. CEO Rupert Murdoch´s planned changed to The Wall Street Journal will help it gain more readers in the United States, according to a Reuters story. Gavin Haycock wrote, “Should the Journal become […]
Real-time stock prices wanted
Reuters reports Tuesday that web sites such as Google and Yahoo! have joined together with business news organizations such as Bloomberg News and CNET Networks to attempt to receive real-time stock price information from the exchanges. Currently, they receive stock price information on a 15-minute delay. A Reuters story reported, “Google and Yahoo banded together […]
Dow Jones renews distribution deal with Reuters
Dow Jones & Co. announced Monday the renewal of its global contract with Reuters to deliver Dow Jones news to mutual customers via Reuters terminals. Terms were not disclosed. Dow Jones news feeds, streamed on the terminals of its partners, deliver news and information services on everything that affects companies and markets, while helping financial […]
Experts question News Corp. choice for Bancroft board member
Martha Graybow of Reuters writes Wednesday that corporate governance experts are wondering what News Corp. was thinking when it picked a 27-year-old opera singer to represent the Bancroft family on its board after it closes its deal to acquire Dow Jones & Co., the parent of The Wall Street Journal, which the Bancrofts control. Graybow […]
Fox Business Network stakes claim on NYSE floor
Anupreeta Das of Reuters writes Tuesday that Fox Business Network has staked out its spot on the New York Stock Exchange floor despite the decreasing number of traders due to electronic trading. Das wrote, “Already nicknamed the ‘Foxhole’ by some, the studio is squeezed between two floor trading booths, unlike CNBC and other rival networks […]
What biz wires can teach the rest of business journalism
The best business journalists at the Associated Press are those that can be both reporters and editors at the same time, its business editor said Saturday. “Our reporters will be out in the field gathering news and writing stories, but they will also have a desk assignment” later in the week or the next week, said […]
Murdoch happy so far with Fox Biz Network
At the Web 2.0 conference in San Francisco, News Corp. CEO Rupert Murdoch expressesd his satisfaction with how Fox Business Network has performed during its first week, Reuters reported Thursday. Reuters wrote, “‘It’s two and a half to three days old and looks just terrific,’ News Corp Chairman and Chief Executive Murdoch said at the […]
Cavuto speaks about Fox launch
Kenneth Li of Reuters has posted on his blog his interview with Fox Business Network‘s Neil Cavuto about the business news cable network’s launch on Monday. Here is an excerpt: Is there a risk of alienating the professional audience? I don’t know. Are you offended as a savvy financial writer when someone explains EBITDA to […]
European regulators raise issues about Reuters/Thomson deal
A Press Gazette story Tuesday notes that the proposed merger between business news wire services Reuters Plc and Thomson Corp. is raising red flags with European regulators. The story stated, “The Commission statement explained: ‘The Commission’s initial market investigation indicates that the proposed merger would raise serious doubts as regards adverse effects on competition in […]
