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September 7, 2008 6:49:50 PM CDT

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Dow Jones Scenarios Multiply

Posted Jun 18, 07 8:35 AM CDT in US,  Business 

(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 CNBC; the FT reports that GE intends to move quickly.

News Corp.'s $5 billion bid for Dow Jones continues to be the elephant in the room; one executive tells the New York Times that Rupert Murdoch's $60-a-share offer sets "a very high threshold." And analysts warn that the cash-conscious new suitors, who are considering a stock-heavy offer, may not be willing (or able) to cover debts to Dow Jones shareholders.

Source Wall Street Journal

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Co., publisher of the Wall Street Journal. (AP Photo/Mark Lennihan)   (Associated Press)
Co. in early May, but last Thursday agreed to meet with him. (AP Photo/Jason DeCrow)   (Associated Press)
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(FILES)This 18 September 2003 file photo shows the GE logo on...   (Getty Images)
South African President Thabo Mbeki appears as the first guest...   (Getty Images)
South African President Thabo Mbeki speaks during the inaugural...   (Getty Images)
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Dow Jones  • Rupert Murdoch  • News Corp  • Wall Street Journal  • shareholders  • Bancroft family  • stock  • Pearson  • GE


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