Categories: OLD Media Moves

Dow Jones denies deal is done

Dow Jones & Co., the parent of The Wall Street Journal, denied a report in a British magazine that it has a deal to sell the company to News Corp.

A Dow Jones Newswires story stated, “A spokeswoman for Dow Jones said the report from The Business was ‘false.’ She said there has been ‘no change’ in ongoing negotiations on the takeover offer from News Corp. (NWS). ‘The only agreement is on editorial independence,’ said the spokeswoman, Andrea Grinbaum.

“On its Web site earlier Friday, The Business said negotiations between News Corp. and a five-person committee of independent directors consisting of Richard Zannino, Peter McPherson, Harvey Golub, Lewis Campbell and Michael Elefante are complete.”

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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.