Wall Street Journal – News Stories About Wall Street Journal - Page 11

Jul 12, 2007 2:10 PM CDT

Fox Business Sets a Date

Dow Jones deal uncertainty won't keep upstart network from October launch

(Newser) - With 30 million potential viewers already lined up, News Corp. will launch its new Fox Business Network on October 15. The cable channel will make its debut whether or not the pending Dow Jones deal is done, the Motley Fool reports, with Neil Cavuto at the helm and the onetime...

Rivals Team Up on 11th-Hour Dow Offer

Jul 11, 2007 5:08 AM CDT

Rivals Team Up on 11th-Hour Dow Offer

Greenspan, Burkle hatch partial buyout option for W SJ owner

(Newser) - Supermarket billionaire Ron Burkle and former MySpace CEO Brad Greenspan may join forces to make at least a partial bid for the Wall Street Journal's parent company, say sources close to the discussions. The pair met yesterday with members of the Dow Jones board to craft an alternative to Rupert...

Dow Makes Last-Ditch Play for New Offer

Jul 9, 2007 6:50 AM CDT

Dow Makes Last-Ditch Play for New Offer

Board goes after alternatives to Murdoch sale

(Newser) - As Rupert Murdoch tries to finalize a deal to take control of Dow Jones, the company is making a last effort to find an alternate buyer, pushed by a holdout director, Leslie Hill, who's a member of the controlling Bancroft family. The Wall Street Journal reports that among those being...

Murdoch May Have Dow Jones

Jul 6, 2007 12:13 PM CDT

Murdoch May Have Dow Jones

British mag reports talks are over; Journal publisher denies

(Newser) - Rupert Murdoch has succeeded in his bid to take over Dow Jones, according to a report in a British financial magazine. The Wall Street Journal publisher is denying the report, although The Business cites inside sources who say the $5 billion deal will be formally announced next week.

Panel to Shield Journal Editors

Jun 29, 2007 5:38 AM CDT

Panel to Shield Journal Editors

In latest deal, hybrid board would hire and fire key staffers

(Newser) - A watchdog committee, not would-be owner Rupert Murdoch, would hire and fire editors under a tentative pact to protect the editorial independence of the Wall Street Journal, a source familiar with details of the deal tells MarketWatch. Members of the panel would be chosen by Murdoch's News Corp., Dow...

Journal Employees Stage Anti-Murdoch Protest

Jun 28, 2007 5:00 PM CDT

Journal Employees Stage Anti-Murdoch Protest

Union action relates to pending deal, labor talks

(Newser) - Wall Street Journal employees around the country were intentionally late for work today in a job action to protest News Corp.'s impending purchase of Dow Jones. The union representing reporters coordinated the demonstration, Forbes reports, to give a collective thumbs-down to Rupert Murdoch and to protest recent developments in...

Murdoch Says $5B Is Final Offer for Dow Jones

Jun 27, 2007 4:09 PM CDT

Murdoch Says $5B Is Final Offer for Dow Jones

Mogul won't raise offer to push stalling Bancroft family

(Newser) - Rupert Murdoch won't raise his $5B bid for Dow Jones, the media mogul said today. Murdoch deflected speculation that he would up the ante to move along negotiations with the openly skeptical Bancroft family, which owns a majority stake in the Journal publisher. Instead, Reuters reports, Murdoch is suggesting he...

Murdoch Bid Clears High Hurdle

Jun 26, 2007 2:30 PM CDT

Murdoch Bid Clears High Hurdle

News Corp., Dow Jones make a deal on editorial policy

(Newser) - A plan to safeguard the Wall Street Journal's editorial independence awaits the approval of the Bancroft family now that Dow Jones and News Corp. have "basically agreed" on an arrangement, a source tells Reuters. The Bancrofts still must approve the deal, which also applies to Dow Jones Newswires and...

Murdoch Kowtows to China

Jun 26, 2007 8:45 AM CDT

Murdoch Kowtows to China

Business and political interests raise issues for publisher's media

(Newser) - Rupert Murdoch's imperial ambitions in China have been marked by relentless cozying to its communist regime—motivated by equal parts opportunism and sinophilia—the Times reports. Murdoch's China outlets have toed the party line energetically, and the mogul, whose wife is a high-powered mainlander, has even personally lashed the Dalai...

Mogul's Interest In Journal Is No Passing Fancy

Jun 25, 2007 8:16 AM CDT

Mogul's Interest In Journal Is No Passing Fancy

Groundwork for Murdoch's Dow Jones bid dates back decades

(Newser) - Rupert Murdoch's bid for Dow Jones may have seemed to come out of nowhere, but the Australian media mogul has had his eye on the Wall Street Journal for years. In three decades in the States, Murdoch has made his mark in news, entertainment, and, of course, politics. The Times ...

Murdoch Close on Journal Deal

Jun 25, 2007 4:54 AM CDT

Murdoch Close on Journal Deal

Five directors would police editorial independence

(Newser) - Rupert Murdoch appears close to a deal that could pave the way for his takeover of Dow Jones' Wall Street Journal—a coup that seemed out of the question weeks ago, the New York Times reports. The deal is designed to safeguard the newspaper's editorial independence from Murdoch, who has...

GE, Pearson Bail on Bid
for Dow Jones

Jun 21, 2007 1:32 PM CDT

GE, Pearson Bail on Bid for Dow Jones

CNBC, Financial Times parent companies back away, clearing path for Murdoch

(Newser) - General Electric and Pearson may yet work out an arrangement that takes advantage of their business-media assets, but their plans don't involve Dow Jones. The companies said today they won't pursue a deal with the Wall Street Journal publisher, brightening the outlook for News Corp.'s $5 billion offer, Pearson's...

Dow Jones Board Seizes Control

Jun 20, 2007 4:48 PM CDT

Dow Jones Board Seizes Control

(Newser) - After more than a month of dithering by the Bancroft family, the Dow Jones board will take over negotiations with News Corp., greasing the skids for Rupert Murdoch's effort to acquire the company. With a $5 billion bid on the table, the board decided to "take the lead in...

Dow Jones Scenarios Multiply

Jun 18, 2007 8:35 AM CDT

Dow Jones Scenarios Multiply

Companies may join forces to counter Murdoch bid

(Newser) - Members of the Bancroft family would retain a stake in Dow Jones after selling a majority interest to GE and Pearson if one possible arrangement plays out, media outlets owned by the players are reporting. The Wall Street Journal outlines a venture incorporating Dow Jones, Pearson's Financial Times, and GE's...

Another Player Joins Competition for Dow Jones

Jun 15, 2007 5:40 PM CDT

Another Player Joins Competition for Dow Jones

Pearson searches for partner to help launch bid

(Newser) - Another would-be Dow Jones suitor emerged this afternoon: Pearson, which publishes the Financial Times. In a media-company-news hall of mirrors, the Wall Street Journal reports that Pearson is searching for partners in its "longshot" bid and has approached Hearst and GE; the FT reports that its parent company has...

Union Seeks Journal Savior

Jun 5, 2007 4:48 PM CDT

Union Seeks Journal Savior

Burkle agrees to talks with Dow Jones employees

(Newser) - The Wall Street Journal employees' union, in search of a white knight as Dow Jones and Rupert Murdoch appear to be moving closer to a deal, has enlisted the help of supermarket billionaire Ron Burkle. News Corp. has offered $60 a share for the company, and one analyst tells Bloomberg,...

Murdoch Says He's Flexible, Up to a Point

Jun 4, 2007 8:29 AM CDT

Murdoch Says He's Flexible, Up to a Point

Jousting over editorial independence may derail Dow Jones deal

(Newser) - Rupert Murdoch has renewed his vow to maintain the Wall Street Journal's editorial independence should his bid for Dow Jones succeed, but it's unlikely he'll allow the controlling Bancroft family to run an editorial oversight board. That sticking point could be a deal-breaker, the Journal reported hours before today's scheduled...

Page Six Fallout May Hurt Murdoch

May 21, 2007 12:45 PM CDT

Page Six Fallout May Hurt Murdoch

The Wall Street Journal doesn't have a gossip column, and that's no accident

(Newser) - Shenanigans at the New York Post may mean trouble for Rupert Murdoch's Dow Jones bid, David Carr writes in today's Times. The tales of sex, lies, and bribery spicing up Page Six are normal fare for the gossip standby, but the fact that they're about the Post itself may not...

Rupert Woos Bancrofts

May 14, 2007 5:13 PM CDT

Rupert Woos Bancrofts

Letter promises seat on News Corp. board, editorial independence for Journal

(Newser) - Rupert Murdoch doesn't want to shake things up at Dow Jones—or so he implied in a weekend missive wooing the Bancroft family. In the folksy, flattering letter, Murdoch called himself "first and foremost" a "newspaper man," and promised to appoint an independent editorial board for the...

Salon: Public Ownership Fails Newspapers

May 9, 2007 12:31 PM CDT

Salon: Public Ownership Fails Newspapers

(Newser) - The looming Murdochization of the Wall Street Journal highlights what people should have realized long ago, writes Gary Weiss: just how disastrous public ownership is to the newspaper business. Every time that investors' bottom lines are matched against journalistic integrity, journalism gets tramped. "The only solution," he says,...