Wall Street Journal

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Journal Deal Raises Red Flag With FCC

Commission member asks if deal serves public interest

(Newser) - FCC commissioner Michael Copps would like to toss a monkey wrench into News Corp.’s Dow Jones takeover, Broadcasting & Cable reports. Copps, a Democrat, yesterday called for an inquiry to determine whether the deal suits the public interest and whether current rules sufficiently cover the situation. Chairman Kevin...

Murdoch May Eliminate WSJ Online Fees

Thinks added ad revenue will make up for losses

(Newser) - Rupert Murdoch said today he would probably eliminate the Wall Street Journal's online subscription fee when News Corp. completes its purchase of the paper in a few months. The media mogul believes that dropping the subscription fee will attract more readers to the site, thereby increasing advertising revenues, the LA ...

Public Softens Slightly on Bush
Public Softens Slightly on Bush
Sep 13, 2007 9:35 AM CDT

Public Softens Slightly on Bush

New poll shows approval rating climbing; war strategy remains divisive issue

(Newser) - President Bush inched up from record lows in one poll this week, thanks in part to buzz around David Petraeus’ report on Iraq. His overall approval rating was 33% in the latest Journal/NBC News poll, up from 31% in July. The results reveal the complexity of Americans' feelings toward the...

Feds Probe Hsu for Using Mail Carrier's Family

Fundraiser may have funneled donations through others

(Newser) - The Feds are probing claims that top fundraiser Norman Hsu used a mail carrier and his family to donate to the Dems, the Wall Street Journal reports. Officials suspect that Hsu reimbursed the family for their donations, which were similar in amount and timing to Hsu’s. Hsu denies the...

Murdoch&rsquo;s Shadow Looms at Journal
Murdoch’s Shadow Looms at Journal
Aug 24, 2007 2:25 PM CDT

Murdoch’s Shadow Looms at Journal

Are calls to reporters a sign of generosity or more like handcuffs?

(Newser) - Rupert Murdoch is on a yacht in the Mediterranean, but his presence is already being felt at the newspaper in lower Manhattan he doesn't own yet.  The media baron rolled up his sleeves and called three reporters at the Wall Street Journal—which he bought for $5 billion last...

Journal Ad Revenue Plunges
Journal Ad Revenue Plunges
Aug 13, 2007 11:26 PM CDT

Journal Ad Revenue Plunges

7.2% downturn emphasizes need for bigger push to internet

(Newser) - Ad volume in the print edition of the Wall Street Journal dropped nearly 21% and revenue fell 7.2% compared with last July, Reuters reports. The dip underscores the immediate need for Dow Jones to generate more revenue from online properties, analysts said. Ad revenue from Dow Jones' online news...

Murdoch Sets Crosshairs on Times
Murdoch Sets Crosshairs
on Times
Aug 13, 2007 5:48 PM CDT

Murdoch Sets Crosshairs on Times

Billionaire Journal owner hopes to poach business from Gray Lady

(Newser) - With the ink still drying on his takeover of The Wall Street Journal, Rupert Murdoch is already setting his sights on the New York Times—the current newspaper of choice for the Northeastern elite. The Australian tycoon is planning to challenge the Times by expanding the Journal's "coverage of...

Rove Exit Inspires Pundit Ire
Rove Exit Inspires
Pundit Ire
Aug 13, 2007 4:00 PM CDT

Rove Exit Inspires Pundit Ire

Leftie says he's quitting too soon, rightie says too late

(Newser) - Not all Karl Rove haters celebrated his announced departure today. The Nation’s David Corn, while pleased that taxpayers will no longer be paying the Bush political strategist's salary after August, feels that Rove deserves the punishment of being forced to stay “to the bitter end” of the unpopular...

Murdoch May Take Journal Online Only

News Corp. could run a paper without paper, subscriptions

(Newser) - Rupert Murdoch’s grab for the Wall Street Journal could mark the demise of hard-copy newspapers and their online subscriptions, Bernhard Warner predicts in Murdoch’s own Times Online. Warner says turning the Journal’s subscription-based website into a free, ad-supported business will be among Murdoch’s top priorities as...

Murdoch Surveys New Empire
Murdoch Surveys New Empire
Aug 1, 2007 5:29 AM CDT

Murdoch Surveys New Empire

Mogul plans all-out global fight vs. NY Times, Financial Times

(Newser) - As Rupert Murdoch celebrates his acquisition of Dow Jones, articles in the new jewel in his crown, the Wall Street Journal, and one of its biggest rivals, the New York Times, speculate about the future. They agree Murdoch will direct a titanic battle for ads and readers against both the...

Bancrofts Agree to Sale
Bancrofts Agree to Sale
Jul 31, 2007 10:22 AM CDT

Bancrofts Agree to Sale

Dow Jones 'will be part of News Corp.'

(Newser) - Enough members of the Bancroft family are supporting Rupert Murdoch's $5B bid for Dow Jones to seal the deal. The Wall Street Journal reports that 32% of the votes in its parent company are virtually guaranteed to Murdoch's News Corp.; the tycoon will likely be able to pick up the...

Murdoch Is 1 Bancroft Away from a Deal

News Corp.-Dow Jones agreement awaits decision by key holdout

(Newser) - Rupert Murdoch is within a Bancroft's breadth of owning Dow Jones, the company's flagship Wall Street Journal reports. A 5pm deadline came and went yesterday without a deal, but the bid has the support of Bancroft family members holding 29% of voting power. If either of two key holdout shareholders...

Murdoch May Cancel Deal Without Votes

News Corp. 'highly unlikely' to buy Dow Jones at current level of support

(Newser) - Rupert Murdoch's News Corp. may balk at a proposed $5B buyout of Wall Street Journal publisher Dow Jones unless more support emerges from the controlling Bancroft family, a spokesman said today. So far the family has promised about 28% of total Dow Jones votes to Murdoch's proposal, but News Corp....

Battling Bancrofts Take Journal Deal Down to Wire

Deadline today on Murdoch's offer

(Newser) - The Bancroft family, which controls the majority of shares in Dow Jones, is so deeply divided over the proposed sale of the Wall Street Journal to Rupert Murdoch that the deal is still too close to call, the Journal reports. A decision on the $5 billion bid is set for...

Major Bancroft Branch to Nix Murdoch Offer

Family trust may force mogul to raise price for Journal

(Newser) - An important faction within the Bancroft family will vote against Rupert Murdoch’s controversial $5 billion deal for Dow Jones, instead demanding a significant increase of his offer. The Denver branch of the family, which owns a crucial 9.1% of Dow Jones voting stock, wants an extra $120 to...

Tears for Slain Reporter at Murdoch Meeting

But it would take only a few to deliver the paper into Murdoch's hands

(Newser) - Members of the controlling Bancroft family are at loggerheads over whether to sell the company to Rupert Murdoch, according to its jewel, the Wall Street Journal. At a meeting on Monday, some family members defended the deal while others insisted the move would compromise the storied paper—one family member...

Bancrofts Mull Murdoch Buyout
Bancrofts Mull Murdoch Buyout
Jul 24, 2007 6:20 AM CDT

Bancrofts Mull Murdoch Buyout

Final decision on offer expected by end of week

(Newser) - The Bancroft family met yesterday in Boston to consider Rupert Murdoch's $5B offer for Dow Jones, but is expected to take at least until Friday to vote on the deal, Reuters reports. Christopher Bancroft, who opposes the sale, showed up sporting a baseball cap with the words "Bite me"...

Times Editor Slams Times for Failing to Cover ... Times

Ombudsman: Paper's missing a great story

(Newser) - In an attention-getting column in yesterday's Times, public editor Clark Hoyt criticized the paper for failing to report on its own business challenges, thereby avoiding conflict with the publisher. Hoyt, who is charged with representing the interests of readers, wrote that the Times has hit a "rough patch,"...

Dow Jones Director Quits Over Murdoch Deal

'Journalistic values will suffer'

(Newser) - A German publishing heir resigned from the Dow Jones board of directors yesterday in protest over the board's vote to accept Rupert Murdoch's $5 billion offer to buy the company. In his letter, Dieter von Holtzbrinck said the deal jeopardized the editorial integrity of the Wall Street Journal. "Dow...

Pearl Sues Al-Qaeda in Husband's Beheading

Killer, major bank named in NY lawsuit

(Newser) - Mariane Pearl, widow of the Wall Street Journal reporter who was beheaded in 2002, has filed a suit in New York against Al-Qaeda for Daniel Pearl's "senseless kidnapping, torture and murder." Habib Bank—one of the biggest banks in Pakistan, which is linked to charities supporting terrorist groups—...

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