Skip to: Content
Skip to: Site Navigation
Skip to: Search

July 25, 2008 8:47:19 AM CDT

Learn about Newser Points »

Dow Jones In Motion track this thread

Started by Imperator; Last updated Feb 19, 08 3:07 PM CST by D Lim | View history

Rate it:
Print E-mail | Digg Seed this on Newsvine Add this link to Del.icio.us StumbleUpon | Edit thread | Notify editors | + Start a new thread
Dow Jones In Motion

Whither the Wall Street Journal?

Long controlled by the Bancroft family, the heirs to early owner Clarence Barron, Rupert Murdoch's News Corp. put Dow Jones in play with his $5 billion bid last spring—58% above its then–market price. Murdoch has long coveted DJ's jewel in the crown, the Wall Street Journal. And while the Bancroft family split painfully over the decision, Murdoch eventually won out—and for his original offer, no less.

Stories

Stories 1 - 20 of 75

<< Prev 1 2 3 4 Next >>
  • July 2008

    • Demonizing Shorters Won't Save the Likes of Lehman

      newser  |  New York  |  Jul 19, 08 9:34 AM CDT

      Demonizing Shorters Won't Save the Likes of Lehman

      Short-sellers have the power to utterly crush Lehman Brothers, as they did Bear Stearns, writes James Cramer in New York , but it's largely Lehman's own fault. Lehman shares much of the "mismanagement, arrogance and recklessness" that brought down Bear, Cramer opines in a piece that says excoriating short-selling hedge funds for running down Lehman stock, and accusing them of manipulation, misses the point. More »

    • Lehman Bros. Pondering Privatization

      newser  |  New York Post  |  Jul 15, 08 10:58 AM CDT

      Lehman Bros. Pondering Privatization

      Lehman Brothers’ CEO is considering ways for the company to privatize itself, the New York Post reports. The financial-services firm has seen its share price fall 79% this year—including 15% yesterday—and Richard Fuld is hoping to ward off bargain-hunters. "The idea is why sell to someone else at so cheap a price when they could buy themselves," a source said. More »

  • May 2008

    • Murdoch Names Thomson New Journal Editor

      newser  |  New York Times  |  May 21, 08 4:00 AM CDT

      Murdoch Names Thomson New Journal Editor

      Rupert Murdoch has named Wall Street Journal publisher Robert J. Thomson as its top editor, reports the New York Times . Thomson, whom Murdoch made publisher just five months ago, was previously the top editor of Murdoch's Times of London. His appointment is expected to speed the pace of change at the paper, in the wake of the resignation of former managing editor Marcus Brauchli, who was forced out last month. More »

    • Journal Staff Uneasy as Murdoch Era Rolls On

      newser  |  New Republic  |  May 9, 08 10:59 AM CDT

      Journal Staff Uneasy as Murdoch Era Rolls On

      Tensions are running high in the Wall Street Journal ’s newsroom, the New Republic reports, as staffers wonder just where this Murdoch thing is going. Managing editor Marcus Brauchli’s resignation still hangs heavy in the air. Murdoch pushed Brauchli to resign, and paid him millions to sign a non-disclosure agreement. “We're a business newspaper, so we know a sell-out when we see one,” one angry staffer said. More »

    • Cut the Charade: Let Rupert Have His Way With Journal

      newser  |  Slate  |  May 1, 08 11:32 AM CDT

      Cut the Charade: Let Rupert Have His Way With Journal

      Let’s stop kidding ourselves, Jack Shafer writes in Slate: Rupert Murdoch is seizing control of the Wall Street Journal , and we might as well be done with the “Special Committee” that was supposed to protect editorial independence. The Bancroft family insisted on the creation of the board, which then proved itself  "a set of high-paid flunkies" who sat on their hands as the paper’s top editor was forced out. More »

  • April 2008

    • WSJ Oversight Panel Slams Editor's Ouster

      newser  |  Reuters  |  Apr 29, 08 5:53 PM CDT

      WSJ Oversight Panel Slams Editor's Ouster

      A committee formed to protect the editorial independence of the Wall Street Journal from Rupert Murdoch’s influence said today the solicited resignation of managing editor Macrus Brauchli violated an agreement with Murdoch's News Corporation, Reuters reports. The committee is supposed to review all high-level hirings and firings, but, as Brauchli opted to resign, it learned of his ouster only after the fact. More »

    • Paid Off And Gagged, WSJ Honchos Betray Treasured Trust

      newser  |  New York Times  |  Apr 28, 08 2:41 PM CDT

      Paid Off And Gagged, WSJ Honchos Betray Treasured Trust

      More top Wall Street Journal execs have been spit out by the Murdoch machine, and the staff they leave behind is furious they’re leaving so quietly. Zipping their mouths was part of hefty severance packages, David Carr notes in the New York Times , and as the line evaporates between editorial standards and owner's whims, the protectors of journalistic independence are missing in action. More »

    • Murdoch Calls FCC Bluff With Newsday Move

      newser  |  New York Times  |  Apr 23, 08 6:43 PM CDT

      Murdoch Calls FCC Bluff With Newsday Move

      Rupert Murdoch is betting new federal standards limiting media ownership to one TV station and one newspaper (per market) won't keep him from buying a fifth New York outlet. The mogul has long held waivers to control media in excess of the rules, and he doesn't think recent enforcement pledges will stop him from winning permission to own Newsday , the Times reports. More »

    • Exiting Journal Editor Was Stuck Between Rupe and 'DNA'

      newser  |  Wall Street Journal  |  Apr 23, 08 2:07 PM CDT

      Exiting Journal Editor Was Stuck Between Rupe and 'DNA'

      Continuing to report on the aftershocks of its own takeover, the Wall Street Journal does a postmortem on the departure of top editor Marcus Brauchli, detailing his uncomfortable position between a demanding new owner and the paper's institutional “DNA.” Rupert Murdoch wanted to build a direct competitor to the New York Times , with more general news and shorter stories, and felt the managing editor was holding up the overhaul. More »

    • Read All About It: Journal Posts 'Help Wanted' Sign

      newser  |  Wall Street Journal  |  Apr 22, 08 3:18 PM CDT

      Read All About It: Journal Posts 'Help Wanted' Sign

      After Marcus Brauchli officially resigned as managing editor of the Wall Street Journal this afternoon, the paper said it will "begin a search for Mr. Brauchli's replacement immediately." That may prove difficult: Brauchli, who will remain with News Corp. as a consultant,   wasn't given the control over the paper he felt management had promised, the New York Times reports. More »

    • Top Editor Bails on Journal

      newser  |  Time  |  Apr 22, 08 9:54 AM CDT

      Top Editor Bails on Journal

      Four months into the Rupert Murdoch era, the Wall Street Journal ’s managing editor is resigning. Marcus Brauchli, in the job since May, has tried to chart a path between Murdoch and the paper’s traditionalists, sources told Time, which broke the story on its website. The split is said to be amicable, and Brauchli is likely to take another post with the company. More »

  • March 2008

    • Fidelity Pays $8M in SEC Gift Scandal

      newser  |  Wall Street Journal  |  Mar 5, 08 10:20 PM CST

      Fidelity Pays $8M in SEC Gift Scandal

      Investment guru Peter Lynch and Fidelity Investment settled SEC charges brought against them alleging that Lynch used Fidelity traders to procure tickets to high-profile concerts and sporting events. Lynch, vice chairman of Fidelity's parent company, agreed to pay $15,948 for the tickets, plus $4,183 in interest. Fidelity will pay $8 million for nine other charges, reports the Wall Street Journal . More »

    • At Murdoch's Journal , No Cheap Makeover

      newser  |  Washington Post  |  Mar 5, 08 10:44 AM CST

      At Murdoch's Journal , No Cheap Makeover

      Rupert Murdoch may now own the nation's hallowed financial bible, but the dumbing-down fears that accompanied the purchase of the Wall Street Journal have so far proven unfounded. This week the Journal will introduce a new sports page that will integrate stats from another News Corp. property, but Murdoch's company has so far resisted other tie-ins—even some proposed by WSJ execs—saying they don't want to cheapen the brand. More »

  • February 2008

    • $100 Oil Extinguishes Rally

      newser  |  Wall Street Journal  |  Feb 19, 08 4:11 PM CST

      $100 Oil Extinguishes Rally

      After three-digit Dow gains, today's record surge in oil prices knocked out a broad rally, and the major indexes closed in the red. Analysts say the market won't be able to sustain a prolonged rally for some time. "The rallies we're seeing now are just bounces, not a new trend," a strategist tells the Wall Street Journal . The Dow ended down 10.99 at 12,337.22, the Nasdaq 15.60 at 2,306.20, and the S&P 500 1.21 at 1,348.78. More »

    • Murdoch's Journal Amps Up Politics, Speeds Up Stories

      newser  |  New York Times  |  Feb 11, 08 12:35 PM CST

      Murdoch's Journal Amps Up Politics, Speeds Up Stories

      A month into the Rupert Murdoch era, the Wall Street Journal hasn't exactly turned into Fox News, but it has ratcheted up its political coverage, David Carr writes in the New York Times. The Journal's managing editor tells Carr the change is driven by both the drama of the presidential race and the Murdoch mandate to compete with the Times in general-interest news. More »

    • No Yahoo! for News Corp., Says Murdoch

      newser  |  CNN  |  Feb 5, 08 5:05 AM CST

      No Yahoo! for News Corp., Says Murdoch

      News Corp. CEO Rupert Murdoch won't be following Microsoft's lead to place a bid for  ailing Internet giant Yahoo, CNNMoney reports. Murdoch also dispelled rumors today that his company was interested in purchasing AOL, or in making any other major acquisitions. His remarks follow on the heels of Microsoft's unsolicited $45 billion bid to buy the tail-dragging Google-competitor. More »

    • Banks Falter; Stocks Get Sacked

      newser  |  Wall Street Journal  |  Feb 4, 08 3:56 PM CST

      Banks Falter; Stocks Get Sacked

      Stocks fell today on a spate of analyst downgrades of banks and credit-card issuers. American Express, Discover Financial, and Capital One were all hit with downgraded ratings by UBS, reports the Wall Street Journal . The Dow fell 108.03 at 12,635.18, the Nasdaq 30.51 at 2382.85, and the S&P 500 14.60 to 1,380.82. More »

  • January 2008

    • Online Journal Readers Can't Put Wallets Away (Yet)

      newser  |  New York Times  |  Jan 25, 08 12:45 PM CST

      Online Journal Readers Can't Put Wallets Away (Yet)

      Puncturing the hopes of thrifty web surfers everywhere, the Wall Street Journal will continue to charge for much of its online content, at least for now. New owner Rupert Murdoch's apparently unplanned announcement at the World Economic Forum in Davos came after months of dithering over whether to keep access mostly subscriber-only, reports the New York Times . More »

    • Markets Roar Back After Slide

      newser  |  Wall Street Journal  |  Jan 23, 08 3:34 PM CST

      Markets Roar Back After Slide

      Stocks roared back today after their initial slide, with the Dow ending up nearly 300  points as markets closed after plunging more than 300 points when they opened. Still, recession fears are far from banished. "The broader issues that are troubling this market are going to be with us," a broker told the Wall Street Journal . The Dow ended up 298.98 to 12,270.17, the Nasdaq up 24.82 to 2,317.09, and the S&P up 28.10 to 1,338.60. More »

    • Stocks Struggling After Early Skid

      newser  |  Wall Street Journal  |  Jan 23, 08 8:50 AM CST

      Stocks Struggling After Early Skid

      Stocks continued their downward march today, with the Dow off 139.41 points by midmorning, up from a 228.75-point dive at the opening bell.  Seeming to shrug off yesterday’s huge emergency rate cut from the Fed, investors are acting on fears of recession, and focusing on disappointing earnings from Apple and Motorola. The S&P and Nasdaq were down 17.10 and 41.89 points respectively, the Wall Street Journal reports. More »

Stories 1 - 20 of 75

<< Prev 1 2 3 4 Next >>
Co., publisher of The Wall Street Journal, said Tuesday, May 1, 2007 it has received an unsolicited bid from Rupert Murdoch's News Corp. to buy the company for $60 per share, or $5 billion. (AP Photo/Richard...   (Associated Press)
Co., publisher of The Wall Street Journal, said Tuesday it received an unsolicited bid from Rupert Murdoch's News Corp. to buy the company for $5 billion. (AP Photo/Mark Lennihan)   (Associated Press)
Co., publisher of the Wall Street Journal, said Tuesday it received an unsolicited bid from Rupert Murdoch's News Corporation to buy the company for $5 billion. The news sent shares of News Corp. soaring...   (Associated Press)
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
Murdoch bids for Dow Jones   (reutersvideo (YouTube))
Rupert Murdoch: No Monopoly Issues If I Take Over WSJ   (newshoundsblog (YouTube))

« Prev « Prev  |  Next » Next »

Related Threads

Rupert Murdoch  •  The Dow  •  Mergers & Acquisitions  •  Media on Media  •  The Markets  •  Internecine Feuds  •  Hong Kong  •  Private Equity  •  Stop the Presses!  •  24 Hour News Networks

Background

The Wall Street Journal
Britannica Concise Encyclopedia

U.S. daily national newspaper, the most influential American business-oriented paper and one of the most respected dailies in the world. Founded in 1889 by Charles H. Dow, founder of Dow Jones & Co., it quickly won success. Beginning in the Great Depression, The Wall Street Journal ...

» Read more about The Wall Street Journal at Encyclopedia.com

Clarence Walker Barron
The Columbia Encyclopedia, Sixth Edition

Clarence Walker Barron , 1855-1928, American financial editor, b. Boston. He worked on the Boston Daily News, then on the Evening Transcript, and in 1887 founded the Boston News Bureau, to supply financial news to brokers. In 1897 he founded the Philadelphia News Bureau and in 1901 became ...

» Read more about Clarence Walker Barron at Encyclopedia.com

(Keith) Rupert Murdoch
Britannica Concise Encyclopedia

(born March 11, 1931, Melbourne, Vic., Austl.) Australian-U.S. newspaper publisher and media entrepreneur. Son of a famous Australian war correspondent and publisher, he inherited two Adelaide newspapers in 1954 and boosted their circulation by emphasizing crime, sex, scandal, sports, and human ...

» Read more about (Keith) Rupert Murdoch at Encyclopedia.com

More Recommend Reading
Loading...

What is Newser?

2008 Codie Finalist

Newser gives you more news in less time. We search for the best and most important stories all over the web, read them for you, and deliver concise and sharp summaries—along with links to the full text. Newser provides a way to stay on top of an ever-expanding horizon of news and opinion—politics, sports, business, trends, technology, personalities, crimes, and controversies. Newser keeps you not just better informed, but, with our signature graphic interface and smart condensed format, more enjoyably informed.

Learn more »