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

GE, Pearson Bail on Bid for Dow Jones

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

By M. Morris, Newser Staff

Posted Jun 21, 2007 1:32 PM CDT

(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.... Read full story »

COMMENTS

Read the comment policy

You need to Log in to Newser to comment. Don't have an account yet? Sign up now!

There are no comments

A snapshot of the day's best news stories.

View Larger Grid

All Today Yesterday Pick a Date

What's Popular Now on Facebook

Cops Shoot Naked Guy Eating Man's Face on Highway

Japanese Artist Serves Up Own Cooked Genitals

Financial Times (UK) (Source Grid »)

Dow Jones board's move scares off potential buyers
Wall Street Journal

More on the trouble with a three-way arrangement
Bloomberg

More on the maneuvering that leaves Murdoch standing alone
New York Times

Rupert Murdoch • Wall Street Journal • Dow Jones • General Electric • Pearson • Financial Times • CNBC • News Corp

More Newser Stories

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 "sounded out" GE, which owns CNBC. More»

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 Times and the Financial Times. There's unlikely a detailed "grand plan," said one source, citing Murdoch's preference for instinctive management. More»

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

WSJ : Our Murdoch Coverage Wasn't Good Enough

Was lax on owner, but says it's better now

(NEWSER) - The Wall Street Journal did a lousy job of initially covering Rupert Murdoch's phone hacking scandal, admits the paper's special editorial committee. The paper was "slower than it should have been at the outset to pursue the phone-hacking scandal story" and failed to ask tough questions when it interviewed Rupert Murdoch for his side of the story, according to a report from the WSJ committee set up to oversee the editorial integrity of the paper after Murdoch bought it in 2007. More»

WSJ Publisher, Dow Jones CEO Les Hinton Resigns

He's the latest casualty of Rupert Murdoch's phone hacking scandal

(AP) - Rupert Murdoch accepted the resignation of the Wall Street Journal's publisher today as the once-defiant media mogul struggles to control the escalating phone hacking scandal. The controversy claimed its first victim in the United States as Les Hinton, chief executive of the Murdoch-owned Dow Jones & co. and publisher of the WSJ, announced he was resigning with immediate effect. Murdoch's British lieutenant, Rebekah Brooks, stepped down earlier today . More»

NEWS FROM OUR PARTNERS

What is Newser?

Face it: there's too much news. At Newser, we choose the most thought-provoking and entertaining stories from hundreds of US and international sources and reduce them to a headline, picture, and two paragraphs. And we do it 24/7—you can come back morning, noon, night (and in between) for something new that matters. Read less, know more.

Learn more »

Partnering with: Slate

View Newser on the mobile website

GE, Pearson Bail on Bid for Dow Jones

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

Rupert Murdoch • Wall Street Journal • Dow Jones • General Electric • Pearson • Financial Times • CNBC • News Corp

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

Another Player Joins Competition for Dow Jones

Pearson searches for partner to help launch bid

Murdoch Surveys New Empire

Mogul plans all-out global fight vs. NY Times, Financial Times

Dow Jones Scenarios Multiply

Companies may join forces to counter Murdoch bid

WSJ : Our Murdoch Coverage Wasn't Good Enough

Was lax on owner, but says it's better now

WSJ Publisher, Dow Jones CEO Les Hinton Resigns

He's the latest casualty of Rupert Murdoch's phone hacking scandal

About Us

Site

Community

Site Maps

Tools

More News

What is Newser?