Categories: OLD Media Moves

Dow Jones seeks correction on WSJ story

Robert MacMillan of Reuters reports that Dow Jones & Co., the parent of The Wall Street Journal, is seeking a correction of a Journal story about the parent company being sold to News Corp.

MacMillan wrote, “The Journal and its owner, Dow Jones, are in a dispute over whether the company was considering paying the legal fees of Bancroft to get further support for the buyout by Murdoch’s News Corp.

“The story, published in the Thursday edition of the newspaper, said the payment would be in exchange for Bancroft not using a trust he oversees to block the sale.

“‘Dow Jones is asking for a correction,’ said a Dow Jones spokeswoman.

“She would not specify what was wrong.

“A spokesman for the Journal said the newspaper had no plans to run a correction.”

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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.