Wall Street Journal

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Dow Jones Director Quits Over Murdoch Deal

'Journalistic values will suffer'

(Newser) - A German publishing heir resigned from the Dow Jones board of directors yesterday in protest over the board's vote to accept Rupert Murdoch's $5 billion offer to buy the company. In his letter, Dieter von Holtzbrinck said the deal jeopardized the editorial integrity of the Wall Street Journal. "Dow...

Pearl Sues Al-Qaeda in Husband's Beheading

Killer, major bank named in NY lawsuit

(Newser) - Mariane Pearl, widow of the Wall Street Journal reporter who was beheaded in 2002, has filed a suit in New York against Al-Qaeda for Daniel Pearl's "senseless kidnapping, torture and murder." Habib Bank—one of the biggest banks in Pakistan, which is linked to charities supporting terrorist groups—...

Dow Jones Director Faces Insider Trading Charges

SEC investigation tied to sale of Wall Street Journal

(Newser) - The Securities and Exchange Commission plans to file civil charges against Dow Jones board director David Li,  in an insider trading case linked to News Corp.'s bid for the company. As a board member, Li has access to inside information, the Wall Street Journal reports. He also has...

How Did the Fox Dow Do Today, Dear?
How Did the
Fox Dow Do Today, Dear?
Jul 18, 2007 6:04 PM CDT

How Did the Fox Dow Do Today, Dear?

Expect to see the Fox brand liberally applied in Murdoch's rein

(Newser) - Get ready for the Fox Dow. If Rupert Murdoch is willing to pay $6B for a company that produced $105M in income last year, he must be seeing hidden opportunities, argues Brett Arends in the street.com. Dow Jones controls the name of the financial index—and if the sale...

Dow Jones Approves $5B Murdoch Deal
Dow Jones Approves $5B Murdoch Deal
Jul 18, 2007 5:12 AM CDT

Dow Jones Approves $5B Murdoch Deal

Journal takeover could still hit a wall with Bancroft famiy

(Newser) - Publisher Rupert Murdoch took a critical step towards control of the Wall Street Journal last night, as the Dow Jones board voted to approve a $5 billion sale of the company to the media magnate. Whether the majority-owning Bancroft family will also approve the deal is too close to call,...

Bancrofts Seek to Stymie Murdoch
Bancrofts Seek to Stymie Murdoch
Jul 16, 2007 7:37 AM CDT

Bancrofts Seek to Stymie Murdoch

Two family members try to thwart sale of Dow Jones to tycoon

(Newser) - Two members of the Dow Jones-controlling Bancrofts are making last-ditch efforts to block Rupert Murdoch from buying the Wall Street Journal publisher. Christopher Bancroft is frantically trying to gather the $2.55 billion he'd need to buy 51% of voting shares and block the sale on his own, while his...

Fox Business Sets a Date
Fox Business Sets a Date
Jul 12, 2007 2:10 PM CDT

Fox Business Sets a Date

Dow Jones deal uncertainty won't keep upstart network from October launch

(Newser) - With 30 million potential viewers already lined up, News Corp. will launch its new Fox Business Network on October 15. The cable channel will make its debut whether or not the pending Dow Jones deal is done, the Motley Fool reports, with Neil Cavuto at the helm and the onetime...

Rivals Team Up on 11th-Hour Dow Offer

Greenspan, Burkle hatch partial buyout option for W SJ owner

(Newser) - Supermarket billionaire Ron Burkle and former MySpace CEO Brad Greenspan may join forces to make at least a partial bid for the Wall Street Journal's parent company, say sources close to the discussions. The pair met yesterday with members of the Dow Jones board to craft an alternative to Rupert...

Dow Makes Last-Ditch Play for New Offer

Board goes after alternatives to Murdoch sale

(Newser) - As Rupert Murdoch tries to finalize a deal to take control of Dow Jones, the company is making a last effort to find an alternate buyer, pushed by a holdout director, Leslie Hill, who's a member of the controlling Bancroft family. The Wall Street Journal reports that among those being...

Murdoch May Have Dow Jones
Murdoch May Have Dow Jones
Jul 6, 2007 12:13 PM CDT

Murdoch May Have Dow Jones

British mag reports talks are over; Journal publisher denies

(Newser) - Rupert Murdoch has succeeded in his bid to take over Dow Jones, according to a report in a British financial magazine. The Wall Street Journal publisher is denying the report, although The Business cites inside sources who say the $5 billion deal will be formally announced next week.

Panel to Shield Journal Editors
Panel to Shield Journal Editors
Jun 29, 2007 5:38 AM CDT

Panel to Shield Journal Editors

In latest deal, hybrid board would hire and fire key staffers

(Newser) - A watchdog committee, not would-be owner Rupert Murdoch, would hire and fire editors under a tentative pact to protect the editorial independence of the Wall Street Journal,  a source familiar with details of the deal tells MarketWatch. Members of the panel would be chosen by Murdoch's News Corp., Dow...

Journal Employees Stage Anti-Murdoch Protest

Union action relates to pending deal, labor talks

(Newser) - Wall Street Journal employees around the country were intentionally late for work today in a job action to protest News Corp.'s impending purchase of Dow Jones. The union representing reporters coordinated the demonstration, Forbes reports, to give a collective thumbs-down to Rupert Murdoch and to protest recent developments in...

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
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
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

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
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...

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
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
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...

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