Wall Street Journal – News Stories About Wall Street Journal - Page 11

Battling Bancrofts Take Journal Deal Down to Wire

Jul 30, 2007 4:36 AM CDT

Battling Bancrofts Take Journal Deal Down to Wire

Deadline today on Murdoch's offer

(Newser) - The Bancroft family, which controls the majority of shares in Dow Jones, is so deeply divided over the proposed sale of the Wall Street Journal to Rupert Murdoch that the deal is still too close to call, the Journal reports. A decision on the $5 billion bid is set for...

Major Bancroft Branch to Nix Murdoch Offer

Jul 27, 2007 12:09 PM CDT

Major Bancroft Branch to Nix Murdoch Offer

Family trust may force mogul to raise price for Journal

(Newser) - An important faction within the Bancroft family will vote against Rupert Murdoch’s controversial $5 billion deal for Dow Jones, instead demanding a significant increase of his offer. The Denver branch of the family, which owns a crucial 9.1% of Dow Jones voting stock, wants an extra $120 to...

Tears for Slain Reporter at Murdoch Meeting

Jul 25, 2007 10:43 AM CDT

Tears for Slain Reporter at Murdoch Meeting

But it would take only a few to deliver the paper into Murdoch's hands

(Newser) - Members of the controlling Bancroft family are at loggerheads over whether to sell the company to Rupert Murdoch, according to its jewel, the Wall Street Journal. At a meeting on Monday, some family members defended the deal while others insisted the move would compromise the storied paper—one family member...

Bancrofts Mull Murdoch Buyout

Jul 24, 2007 6:20 AM CDT

Bancrofts Mull Murdoch Buyout

Final decision on offer expected by end of week

(Newser) - The Bancroft family met yesterday in Boston to consider Rupert Murdoch's $5B offer for Dow Jones, but is expected to take at least until Friday to vote on the deal, Reuters reports. Christopher Bancroft, who opposes the sale, showed up sporting a baseball cap with the words "Bite me"...

Times Editor Slams Times for Failing to Cover ... Times

Jul 23, 2007 6:49 PM CDT

Times Editor Slams Times for Failing to Cover ... Times

Ombudsman: Paper's missing a great story

(Newser) - In an attention-getting column in yesterday's Times, public editor Clark Hoyt criticized the paper for failing to report on its own business challenges, thereby avoiding conflict with the publisher. Hoyt, who is charged with representing the interests of readers, wrote that the Times has hit a "rough patch,"...

Dow Jones Director
Quits Over
Murdoch Deal

Jul 20, 2007 7:41 AM CDT

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

Jul 19, 2007 7:45 AM CDT

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

Jul 18, 2007 6:32 PM CDT

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?

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

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

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

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

Jul 11, 2007 5:08 AM CDT

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

Jul 9, 2007 6:50 AM CDT

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

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

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

Jun 28, 2007 5:00 PM CDT

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

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...