Categories: OLD Media Moves

Dow Jones board meets with bankers to assess options

The Financial Times is reporting Wednesday thatÂ 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 Sachs, which is advising Dow Jones, was expected to give the full board an update on the News Corp bid.

“Goldman bankers were also expected to focus on an assessment of whether other media groups or private equity investors would come forward with a rival bid.

“People close to Mr Murdoch said he had not heard back from the Bancrofts on Wednesday about his requests for a meeting in the next two to three weeks.”

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Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.