Rupert Murdoch

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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,...

Thomson Aims to Buy Reuters
Thomson Aims to Buy Reuters
May 9, 2007 8:00 AM CDT

Thomson Aims to Buy Reuters

(Newser) - Thomson, the Canadian publishing company, is poised to buy Reuters, the global news and information agency, the Globe and Mail reports. The timing of the takeover, which values Reuters at $17.7 billion, appears a response to Rupert Murdoch's proposed purchase of Dow Jones, but sources say they have been...

Journal Offer Prompted Insider Trading, SEC Says

(Newser) - The SEC has filed its first suit for insider trading involving Rupert Murdoch's bid to buy the Wall Street Journal's parent company. The agency alleges a Hong Kong couple knew about the offer when they bought $15 million of Dow Jones stock in April and sold it for an $8....

Dow Shareholder Duels Murdoch
Dow Shareholder Duels Murdoch
May 7, 2007 6:51 AM CDT

Dow Shareholder Duels Murdoch

(Newser) - A powerful shareholder in Dow Jones  is opposing Rupert Murdoch's takeover bid, saying the tabloid publisher would destroy the Wall Street Journal's integrity. James Ottaway Jr. said Murdoch "has for a long time expressed his personal, political and business biases through his newspapers and television channels."

Reuters Takeover Rumors Fly
Reuters Takeover Rumors Fly
May 5, 2007 8:00 AM CDT

Reuters Takeover Rumors Fly

(Newser) - Reuters is being wooed by a buyer, though the British information service is steadfastly mum on its suitor's identity. The WSJ predicts one of two outcomes: an intra-industry move from Canadian publishing powerhouse Thomson, or a swoop in by private equity, aimed at profiting off the company's steady cash flow.

Murdoch Muses On Plans for The Journal

“I’m sometimes frustrated by the long stories," would-be owner says

(Newser) - Rubert Murdoch sometimes finds Wall Street Journal stories a little long. He'd like to see more politics on the editorial page, and to launch a glossy magazine for the Saturday edition. The Aussie tycoon wasn't shy about sharing plans for the paper, should he succeed in buying parent company Dow...

The Class System at Dow Jones
The Class System at Dow Jones
May 3, 2007 4:30 PM CDT

The Class System at Dow Jones

how class system favors Dow Jones

(Newser) - In rejecting Rupert Murdoch's offer for Dow Jones, the Bancroft family provides a textbook example of the case for—and against—dual class shares for media companies. With their shares carrying ten times the voting power of publicly traded shares, the family has the power to spurn a suitor it...

Dow Rejection Won't Deflect Murdoch

Rifts in Bancroft family fairly beg to be exploited

(Newser) - The Bancroft family's rejection of Rupert Murdoch's $5 billion offer for Dow Jones set the stage yesterday for a battle with other shareholders and the board of directors—as well as within the family itself. Without the family's controlling votes, the board would likely jump at the offer, a 67%...

Dow Hits Another Record —17th for the Year

(Newser) - Strong factory orders and media-buyout mania helped push the Dow to another record high, closing at 13,211. The index jumped 76 points, riding news of yesterday's News Corp. offer for Dow Jones and Co. and today's Cablevision deal, as well as a better-than-expected March bump in factory orders.

Journal Owners Rebuff Murdoch Offer

Dow Jones turns down News Corp.'s unsolicited buyout bid

(Newser) - The Bancroft family, which controls Dow Jones, rejected Rupert Murdoch's $5 billion offer for the media giant late yesterday—but their divided response to the unsolicited bid signalled to both News Corp. and other would-be buyers that a different offer might be acceptable.

News Corp. Offers $5B For Dow Jones

Unsolicited bid boosts media stocks, may spark feeding frenzy

(Newser) - Rupert Murdoch's News Corp. has made an unsolicited $5 billion offer to buy Dow Jones & Co., which publishes the Wall Street Journal. Dow Jones publicized the mogul's suit today to an immediate 58% spike in value. Murdoch owns the New York Post and TV giant Fox News.

UK About-Face On Sailors Selling Stories

Public outcry leads to ban on further embarrassing interviews

(Newser) - The British Ministry of Defense bowed to public opinion last night and banned further media deals for the sailors and marines released from captivity in Iran. The decision to let the detainees sell their stories had "not reached a satisfactory outcome," the defense secretary said.

Big Guns Battle Video Sharing With Free TV Shows

Copyright-protected content will be available for free online in new NBC-News Corp. partnernship

(Newser) - TV biggies NBC Universal and News Corp. are teaming up to hit YouTube with the full force of their their combined TV content, offered online for free. Starting this summer, AOL, Yahoo, Microsoft's MSN and News Corp. subsidiary MySpace will hope to win over internet users (and the advertising that...

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