Dow Jones – News Stories About Dow Jones - Page 109

Murdoch Says $5B Is Final Offer for Dow Jones

Jun 27, 2007 4:09 PM CDT

Murdoch Says $5B Is Final Offer for Dow Jones

Mogul won't raise offer to push stalling Bancroft family

(Newser) - Rupert Murdoch won't raise his $5B bid for Dow Jones, the media mogul said today. Murdoch deflected speculation that he would up the ante to move along negotiations with the openly skeptical Bancroft family, which owns a majority stake in the Journal publisher. Instead, Reuters reports, Murdoch is suggesting he...

Murdoch Bid Clears High Hurdle

Jun 26, 2007 2:30 PM CDT

Murdoch Bid Clears High Hurdle

News Corp., Dow Jones make a deal on editorial policy

(Newser) - A plan to safeguard the Wall Street Journal's editorial independence awaits the approval of the Bancroft family now that Dow Jones and News Corp. have "basically agreed" on an arrangement, a source tells Reuters. The Bancrofts still must approve the deal, which also applies to Dow Jones Newswires and...

Murdoch Kowtows to China

Jun 26, 2007 8:45 AM CDT

Murdoch Kowtows to China

Business and political interests raise issues for publisher's media

(Newser) - Rupert Murdoch's imperial ambitions in China have been marked by relentless cozying to its communist regime—motivated by equal parts opportunism and sinophilia—the Times reports. Murdoch's China outlets have toed the party line energetically, and the mogul, whose wife is a high-powered mainlander, has even personally lashed the Dalai...

Mogul's Interest In Journal Is No Passing Fancy

Jun 25, 2007 8:16 AM CDT

Mogul's Interest In Journal Is No Passing Fancy

Groundwork for Murdoch's Dow Jones bid dates back decades

(Newser) - Rupert Murdoch's bid for Dow Jones may have seemed to come out of nowhere, but the Australian media mogul has had his eye on the Wall Street Journal for years. In three decades in the States, Murdoch has made his mark in news, entertainment, and, of course, politics. The Times ...

Murdoch Close on Journal Deal

Jun 25, 2007 4:54 AM CDT

Murdoch Close on Journal Deal

Five directors would police editorial independence

(Newser) - Rupert Murdoch appears close to a deal that could pave the way for his takeover of Dow Jones' Wall Street Journal—a coup that seemed out of the question weeks ago, the New York Times reports. The deal is designed to safeguard the newspaper's editorial independence from Murdoch, who has...

Mortgage Worries Drive Markets Down

Jun 22, 2007 4:45 PM CDT

Mortgage Worries Drive Markets Down

Exchanges sink on subprime woes; Blackstone jumps in debut

(Newser) - The major exchanges plummeted today, wrapping up a week of seesawing during which the Dow and the S&P 500 lost about 2% and the Nasdaq fell 1.4%. Even Bear Stearns' announcement that it will bail out a hedge fund entangled in subprime loans couldn't stop the bleeding. The...

GE, Pearson Bail on Bid
for Dow Jones

Jun 21, 2007 1:32 PM CDT

GE, Pearson Bail on Bid for Dow Jones

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

(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.'s $5 billion offer, Pearson's...

Dow Jones Board Seizes Control

Jun 20, 2007 4:48 PM CDT

Dow Jones Board Seizes Control

(Newser) - After more than a month of dithering by the Bancroft family, the Dow Jones board will take over negotiations with News Corp., greasing the skids for Rupert Murdoch's effort to acquire the company. With a $5 billion bid on the table, the board decided to "take the lead in...

Dow Jones Scenarios Multiply

Jun 18, 2007 8:35 AM CDT

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...

Another Player Joins Competition for Dow Jones

Jun 15, 2007 5:40 PM CDT

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...

Dow Falls as Bond Yields Soar

Jun 13, 2007 7:13 AM CDT

Dow Falls as Bond Yields Soar

Record high yields threaten higher mortgage rates

(Newser) - US bond yields have hit a five year high—bringing the threat of higher interest rates, costlier home mortgages and a slowing economy, the Wall Street Journal reports. The benchmark 10-year Treasury note rose to 5.25 per cent yesterday. Rising bond yields echo throughout the economy, making stocks less...

Union Seeks Journal Savior

Jun 5, 2007 4:48 PM CDT

Union Seeks Journal Savior

Burkle agrees to talks with Dow Jones employees

(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,...

Dow Closes Down 80.86 on Inflation Scare

Jun 5, 2007 2:55 PM CDT

Dow Closes Down 80.86 on Inflation Scare

Bernanke comment, retail profit warnings contribute to slump

(Newser) - The Dow fell 80.86 points today, closing at 13,595.46 after companies in the retail sector issued warnings of reduced profits and Fed chairman Ben Bernanke commented that inflation risks are still high. "There are a lot of little things out there that are scaring the market,...

Murdoch Says He's Flexible, Up to a Point

Jun 4, 2007 8:29 AM CDT

Murdoch Says He's Flexible, Up to a Point

Jousting over editorial independence may derail Dow Jones deal

(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...

Dow Jones Warms to Murdoch Offer

Jun 1, 2007 7:06 AM CDT

Dow Jones Warms to Murdoch Offer

Family ready to consider bid, with Reuters-Thomson merger in wings

(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...

Page Six Fallout May Hurt Murdoch

May 21, 2007 12:45 PM CDT

Page Six Fallout May Hurt Murdoch

The Wall Street Journal doesn't have a gossip column, and that's no accident

(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...

Rupert Woos Bancrofts

May 14, 2007 5:13 PM CDT

Rupert Woos Bancrofts

Letter promises seat on News Corp. board, editorial independence for Journal

(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...

Murdoch May Have Killed Story on Wife

May 11, 2007 9:22 AM CDT

Murdoch May Have Killed Story on Wife

Shafer ponders journalistic ethics of Journal suitor

(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.

Thomson Aims to Buy Reuters

May 9, 2007 8:00 AM CDT

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...

Journal Offer Prompted Insider Trading, SEC Says

May 9, 2007 6:50 AM CDT

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....