Rupert Murdoch – News Stories About Rupert Murdoch - Page 19

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...

Murdoch May Take Journal Online Only

Aug 1, 2007 4:45 PM CDT

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

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

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

Jul 31, 2007 8:38 AM CDT

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

Jul 30, 2007 1:14 PM CDT

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

Jul 30, 2007 4:36 AM CDT

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

Jul 27, 2007 12:09 PM CDT

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

Jul 25, 2007 10:43 AM CDT

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

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

Jul 23, 2007 6:49 PM CDT

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,"...

Low-Key Lawyer to Moderate Dow Buyout

Jul 20, 2007 2:51 PM CDT

Low-Key Lawyer to Moderate Dow Buyout

Attorney will mediate Bancrofts sit-down, then tally the votes

(Newser) - One man stands between News Corp. chief Rupert Murdoch and the Dow Jones-controlling Bancroft Family: a reserved, unassuming Boston lawyer named Michael B. Elefante, who has managed most of the Bancrofts' trust accounts for decades. Next week, beginning with Monday's strictly informational meeting, Elefante will mediate the $5B transaction.

Dow Jones Director
Quits Over
Murdoch Deal

Jul 20, 2007 7:41 AM CDT

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...

Dow Jones Director Faces Insider Trading Charges

Jul 18, 2007 6:32 PM CDT

Dow Jones Director Faces Insider Trading Charges

SEC investigation tied to sale of Wall Street Journal

(Newser) - The Securities and Exchange Commission plans to file civil charges against Dow Jones board director David Li, in an insider trading case linked to News Corp.'s bid for the company. As a board member, Li has access to inside information, the Wall Street Journal reports. He also has...

How Did the
Fox Dow Do Today, Dear?

Jul 18, 2007 6:04 PM CDT

How Did the Fox Dow Do Today, Dear?

Expect to see the Fox brand liberally applied in Murdoch's rein

(Newser) - Get ready for the Fox Dow. If Rupert Murdoch is willing to pay $6B for a company that produced $105M in income last year, he must be seeing hidden opportunities, argues Brett Arends in the street.com. Dow Jones controls the name of the financial index—and if the sale...

Dow Jones Approves $5B Murdoch Deal

Jul 18, 2007 5:12 AM CDT

Dow Jones Approves $5B Murdoch Deal

Journal takeover could still hit a wall with Bancroft famiy

(Newser) - Publisher Rupert Murdoch took a critical step towards control of the Wall Street Journal last night, as the Dow Jones board voted to approve a $5 billion sale of the company to the media magnate. Whether the majority-owning Bancroft family will also approve the deal is too close to call,...

Murdoch Closes in on Journal

Jul 16, 2007 11:00 PM CDT

Murdoch Closes in on Journal

Reaches 'tentative agreement'; $5B deal could go through as early as next week

(Newser) - Rupert Murdoch's News Corp. is days away from acquiring the Wall Street Journal, according to the Journal itself. The company has reached a tentative agreement with Dow Jones, whose board will vote on it tomorrow night. After that, all is left is sealing the elusive approval of half the Bancroft...

Bancrofts Seek to Stymie Murdoch

Jul 16, 2007 7:37 AM CDT

Bancrofts Seek to Stymie Murdoch

Two family members try to thwart sale of Dow Jones to tycoon

(Newser) - Two members of the Dow Jones-controlling Bancrofts are making last-ditch efforts to block Rupert Murdoch from buying the Wall Street Journal publisher. Christopher Bancroft is frantically trying to gather the $2.55 billion he'd need to buy 51% of voting shares and block the sale on his own, while his...

Fox Business Sets a Date

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...