Gillian Wee of Bloomberg News writes Thursday that News Corp. CEO Rupert Murdoch may need as much as three years to show his shareholders that the purchase of Dow Jones & Co., the parent of The Wall Street Journal, Barron’s and Marketwatch, was worth more than $5 billion.
“‘It’s not a quick strategy,’ said Haverty, who helps manage Gamco’s $30 billion in assets, including $308.1 million of News Corp. shares as of Sept. 30. ‘Where he’s going, we’re very comfortable with it. It’s just going to take three years.’
“More than 50 percent of shareholders approved the deal ahead of the meeting, the Wall Street Journal reported yesterday, citing people familiar with a proxy-vote count. The purchase should be completed today shortly after the shareholder vote, News Corp. spokeswoman Teri Everett said.”
Read more here.
The Advocate is looking for a savvy reporter to cover the Baton Rouge business scene…
MLex, a LexisNexis company, is an independent news organization for breaking news and forward-looking analysis…
The Austin Business Journal seeks a staff writer to cover economic development in one of…
A Russian court on Saturday placed Sergei Mingazov, a journalist for the Russian edition of…
Justin Nielsen of Investor's Business Daily writes about the newspaper's 40th anniversary. Nielsen writes, "When the…
Clare Fieseler has been hired by Politico and subsidiary E&E News to cover renewable energy,…