Snappy newsletters. Simple Facebook sharing. Spirited comments. Sweet features are waiting… GET THEM NOW!

Dow Shareholder Duels Murdoch

By Peter Fearon,  Newser Staff

Posted May 7, 2007 6:51 AM CDT

(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."

Ottaway, whose holdings translate into 5.2% of overall voting power, specifically suggested Murdoch would subvert the Journal's critical China coverage to promote his cozy relationshiop with the Chinese government, as he has done in other outlets.  A Murdoch spokesman said the statement is based on "tired misconceptions and clichés." 

 Co., publisher of The Wall Street Journal, is now firmly in play, even after the controlling Bancroft family turned thumbs down to a $5 billion bid from Rupert Murdoch. (AP Photo/Mark Lennihan, File)
Co., publisher of The Wall Street Journal, is now firmly in play, even after the controlling Bancroft family turned thumbs down to a $5 billion bid from Rupert Murdoch. (AP Photo/Mark Lennihan, File)   (Associated Press)
« Prev« Prev | Next »Next » Slideshow
To report an error on this story, notify our editors.
A snapshot of the day's best news stories.
 
COMMENTS
Be the first to comment on this story.

More Newser Stories

Battling Bancrofts Take Journal Deal Down to Wire

Major Bancroft Branch to Nix Murdoch Offer

Murdoch Says $5B Is Final Offer for Dow Jones

Murdoch Says He's Flexible, Up to a Point

Murdoch Surveys New Empire


NEWS FROM OUR PARTNERS
Other Sites We Like:   24/7 Wall St.   |   Betty Confidential   |   BuzzFeed   |   Cracked   |   Fark   |   Timelines   |   The Frisky   |   Geek Sugar   |   NewsOne