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September 8, 2008 12:45:23 PM CDT


Stories related to: Rupert Murdoch

Stories

Stories 101 - 120 of 123

  • June 2007
    • Dow Jones Scenarios Multiply

      Dow Jones Scenarios Multiply

      (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 »

      Tags

      Dow Jones   Rupert Murdoch   News Corp   Wall Street Journal   shareholders   Bancroft family   stock   Pearson   GE

    • Another Player Joins Competition for Dow Jones

      Another Player Joins Competition for Dow Jones

      (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 »

      Tags

      Dow Jones   Rupert Murdoch   media   News Corp   Wall Street Journal   news   Bancroft family   CNBC   Financial Times   Pearson

    • Union Seeks Journal Savior

      Union Seeks Journal Savior

      (Newser) - The Wall Street Journal employees' union, in search of a white knight as Dow Jones and Rupert Murdoch appear to be moving closer to a deal, has enlisted the help of supermarket billionaire Ron Burkle. News Corp. has offered $60 a share for the company, and one analyst tells Bloomberg, "I'm skeptical Burkle and the union can compete with Murdoch." More »

      Tags

      Dow Jones   Rupert Murdoch   News Corp   Wall Street Journal   acquisitions   Warren Buffett   union   Ron Burkle

    • Murdoch Says He's Flexible, Up to a Point

      Murdoch Says He's Flexible, Up to a Point

      (Newser) - Rupert Murdoch has renewed his vow to maintain the Wall Street Journal 's editorial independence should his bid for Dow Jones succeed, but it's unlikely he'll allow the controlling Bancroft family to run an editorial oversight board. That sticking point could be a deal-breaker, the Journal reported hours before today's scheduled meeting between the parties. More »

      Tags

      business   Dow Jones   Rupert Murdoch   News Corp   Wall Street Journal   acquisitions   merger   Bancroft family

    • What Made the Bancrofts Buckle?

      What Made the Bancrofts Buckle?

      (Newser) - In a surprising about-face Dow Jones director and Bancroft family trustee Michael Elefante shifted from the cons to the pros, advocating putting the company in play at a recent family meeting. His change of position was behind the family's decision that it would meet with Rupert Murdoch and consider other bids for the company. More »

      Tags

      Rupert Murdoch   News Corp   acquisitions   merger   Bancroft family   Thomson Reuters   Michael Elefante   Richard Zannino   big deals

    • Dow Jones Warms to Murdoch Offer

      Dow Jones Warms to Murdoch Offer

      (Newser) - The family that controls Dow Jones, after initially rebuffing a $5-billion buyout offer from Rupert Murdoch, has decided to consider selling after all. In a stunning about-face, the Bancroft family announced last night it had "reached consensus that the mission of Dow Jones may be better accomplished in combination or collaboration with another organization, which may include News Corporation.” More »

      Tags

      Dow Jones   Rupert Murdoch   News Corp   Bancroft family   Reuters   Thomson

  • May 2007
    • MySpace Opens Up to Donations

      MySpace Opens Up to Donations

      (Newser) - Rupert Murdoch's News Corp. is entering the online political scene in a very significant way with a tool that will allow 60 million MySpace users to donate up to $500 to the presidential candidate of their choice, reports the Financial Times . News Corp. has yet to make a decision, reports an official, as to whether they will track the data on who gives what. More »

    • Page Six Fallout May Hurt Murdoch

      Page Six Fallout May Hurt Murdoch

      (Newser) - Shenanigans at the New York Post may mean trouble for Rupert Murdoch's Dow Jones bid, David Carr writes in today's Times. The tales of sex, lies, and bribery spicing up Page Six are normal fare for the gossip standby, but the fact that they're about the Post itself may not sit well with the owners of the Wall Street Journal. More »

      Tags

      business   Dow Jones   Rupert Murdoch   Wall Street Journal   newspaper   news   New York Post   Page Six

    • Rupert Woos Bancrofts

      Rupert Woos Bancrofts

      (Newser) - Rupert Murdoch doesn't want to shake things up at Dow Jones—or so he implied in a weekend missive wooing the Bancroft family. In the folksy, flattering letter, Murdoch called himself "first and foremost" a "newspaper man," and promised to appoint an independent editorial board for the Wall Street Journal should he take over the company. More »

      Tags

      Dow Jones   Rupert Murdoch   News Corp   Wall Street Journal   newspaper   Bancroft family

    • Murdoch May Have Killed Story on Wife

      Murdoch May Have Killed Story on Wife

      (Newser) - Rupert Murdoch may have muscled an Aussie mag into dropping a profile of his third wife, Slate 's Jack Shafer speculates. Good Weekend suddenly jettisoned a 10,000-word piece on 38-year-old Wendi Deng last month, after paying writer Eric Ellis $25 grand for the heavily-researched story. More »

      Tags

      Dow Jones   Rupert Murdoch   journalism   ethics   journalistic ethics   Wendi Deng

    • Salon: Public Ownership Fails Newspapers

      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, "is to get rid of the shareholders." More »

      Tags

      Rupert Murdoch   Wall Street Journal   newspaper   journalism   privatization

    • Thomson Aims to Buy Reuters

      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 in talks with Reuters for months.  More »

      Tags

      Dow Jones   Rupert Murdoch   news   stock   Reuters   Thomson

    • Journal Offer Prompted Insider Trading, SEC Says

      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 $8.18 million profit after the announcement two weeks later. More »

      Tags

      Dow Jones   Rupert Murdoch   News Corp   Wall Street Journal   SEC   Hong Kong   insider trading

    • Dow Shareholder Duels Murdoch

      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." More »

      Tags

      business   Dow Jones   Rupert Murdoch   Wall Street Journal   acquisitions

    • Reuters Takeover Rumors Fly

      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. More »

      Tags

      Rupert Murdoch   private equity   merger   takeover   Reuters   Thomson

    • Murdoch Muses On Plans for The Journal

      Murdoch Muses On Plans for The Journal

      (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 Jones, in a lengthy sit-down with the Times. More »

      Tags

      business   Dow Jones   Rupert Murdoch   News Corp   Wall Street Journal   money   finance   Bancroft family

    • The Class System at Dow Jones

      The Class System at 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 deems a poor match for the country's premiere financial newspaper. More »

      Tags

      Dow Jones   Wall Street   Rupert Murdoch   stocks   Sulzberger family

    • Dow Rejection Won't Deflect Murdoch

      Dow Rejection Won't Deflect Murdoch

      (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% premium over the company's closing price Monday. More »

      Tags

      stock market   business   Dow Jones   Rupert Murdoch   Wall Street Journal   Bancroft family

    • Dow Hits Another Record —17th for the Year

      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. More »

      Tags

      stock market   Dow Jones Industrial Average   Dow Jones   Rupert Murdoch   News Corp   NASDAQ   Cablevision

    • Journal Owners Rebuff Murdoch Offer

      Journal Owners Rebuff Murdoch Offer

      (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. More »

      Tags

      business   Dow Jones   Rupert Murdoch   News Corp   Wall Street Journal   Bancroft family

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