Categories: OLD Media Moves

EchoStar to team up with Greenspan on Dow Jones bid

Andy Vuong of the Denver Post writes Tuesday that EchoStar Communications, the country’s No. 2 satellite TV operator,Â is likely to team up with Internet executive Brad Greenspan to make a bid for Dow Jones & Co., the parent of The Wall Street Journal.

Vuong wrote, “Such a move would once again pit EchoStar founder and chief executive Charlie Ergen against longtime rival Rupert Murdoch. Murdoch’s News Corp. has offered $5 billion for Dow Jones, owner of The Wall Street Journal, Barron’s and Dow Jones Newswires.

“Douglas County-based EchoStar is part of a team led by My Space co-founder Brad Greenspan that is expected to submit a proposal today, according to The Journal.

“‘The idea of EchoStar bidding for Dow Jones is a real head-scratcher,’ said Craig Moffett, an analyst with Sanford C. Bernstein and Co. ‘But then again, Charlie Ergen has been nothing if not a puzzle.'”

Read more here.Â

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.