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 […]
Ottaway family also opposed to selling Dow Jones to News Corp.
The Ottaway family, which sold its community newspapers to Dow Jones & Co. in 1970 and remains a large shareholder, is also opposed to selling the owner of The Wall Street Journal and Barron’s to News Corp. for $5 billion, according to a story in the Journal on Wednesday. Sarah Ellison and Dennis Berman wrote, […]
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 […]
Murdoch kept his Dow Jones deal secret
A story in the latest issue of BusinessWeek states that News Corp. CEO Rupert Murdoch kept his plan to make a a $5 billion offer for Dow Jones & Co. — the parent company of The Wall Street Journal, Barron’s abd Marketwatch –Â secret to most people inside his company. Tom Lowry, Ronald Grover and Jon […]
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 […]
Former WSJ reporter: Rupert's not getting my shares
Roy Harris, a senior editor at CFO magazine, writes on its blog that News Corp. CEO Rupert Murdoch won’t get any of the shares in Dow Jones & Co. that he owns from working as a journalist at The Wall Street Journal. Harris wrote, “I had to work for my 800 shares — 23 years […]
Steiger: High offer is testament to biz journalists
Jon Fine of BusinessWeek has posted a memo from Wall Street Journal managing editor Paul Steiger in which he provides some guidance to the paper’s staff in handling Tuesday’s $5 billion offer from News Corp. to acquire its parent, Dow Jones & Co. Steiger wrote: –It is always crucial to be accurate and fair. It […]
Dow Jones stock price remains high, which means company might sell
TheStreet.com reporter Nat Worden writes that because the stock price of Dow Jones & Co. has remained stable in Wednesday trading even though a majority of the Bancroft family has indicated it’s opposed to selling the owner of The Wall Street Journal to News Corp. indicates that they may have to consider selling to someone. Worden […]
