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’Murdoch muddies the Microsoft/Yahoo battle
Rupert Murdoch has revived discussions over merging News Corp’s MySpace social network with Yahoo, potentially thwarting Microsoft’s planned $41bn takeover. While Mr Murdoch told investors last week that he would not make a bid for Yahoo,
A fine quarter for News Corp
News Corp’s Fox TV network hauled in $250m in advertising revenue on the strength of the most-watched Super Bowl ever – a performance that chief executive Rupert Murdoch called “the biggest day in our company’s history”.
Murdoch: ‘Best’ is not necessarily ‘free’
Rupert Murdoch has backtracked on plans to make access to the Wall Street Journal’s website free, confirming speculation that a tougher advertising climate would persuade him to retain a subscription element.
It’s official: Dow Jones is now Murdoch’s
Dow Jones was formally laid to rest on Thursday after shareholders approved the $5bn sale of the 125-year-old company and its flagship Wall Street Journal to Rupert Murdoch’s News Corp. The vote, which was considered a formality,
News Corp: The son also rises
Rupert Murdoch on Thursday set in motion the * biggest management shake-up at News Corp in years, giving his son, James, control over the media group’s European and Asian operations and dispatching two trusted executives to lead Dow Jones and its flagship,
Murdoch to revamp online WSJ
Rupert Murdoch plans to crank up the pressure on the Financial Times by making all content on the recently acquired Wall Street Journal free online, reports the Daily Telegraph. News Corp’s chairman, who agreed the $5.6bn purchase of WSJ-owner Dow Jones in August,
Murdoch to shareholders: No worries, mate
News Corp chairman Rupert Murdoch said Tuesday the company had had a strong start to the second-quarter and had not been affected so far by the global credit market squeeze, reports Reuters. “So far this quarter,
BSkyB offers ITV concession
British Sky Broadcasting, Rupert Murdoch’s satellite broadcasting business, is offering to give up part of its voting rights in ITV, to avoid a possible demand from the competition regulator to divest its entire 17.9 per cent stake.
Mayne’s Murdoch beef
Upstart activist Stephen Mayne didn’t win his battle on Friday to upturn News Corporation’s dual-class voting structure. Some might dismiss him and his Crikey.com website as a fringe operator, bordering on the fanatic,
Murdamort moves in at the WSJ
The Huffington Post calls him Murdamort. For a long time in the UK he was known as the Dirty Digger, a reference by his UK critics to the tabloid sensationalism dished up by certain of his publications.
BSkyB under pressure on ITV stake
British Sky Broadcasting, the satellite group chaired by Rupert Murdoch, may be forced into a lossmaking sale of its 17.9% stake in ITV after the UK Competition Commission said Tuesday that BSkyB’s holding was against the public interest.
Mayne’s World: ‘Why News Corp has to change’
The following is contributed by Stephen Mayne, a self-styled activist investor.* The views expressed are his own, etc. FT Alphaville is happy to offer a similar platform to an accredited representative of News Corp.
Activist investors: now it’s Mayne vs Murdoch
Eric Knight’s tilt at HSBC was not the only piece of transatlantic shareholder activism kicking off on Friday. Rupert Murdoch also has an irascible thorn in his side in the form of Australian activist shareholder Stephen Mayne.
‘Tyrant’ Murdoch spells out vision
Rupert Murdoch on Wednesday said he had been willing to endure “criticism normally levelled at a genocidal tyrant” during his three-month battle to acquire Dow Jones because he was so convinced that Dow Jones and News Corp were a “perfect fit” for a digital age.
People: Murdoch is the buzz at Reuters’ summer party
Talk among media heavies at the Reuters summer party hosted by CEO Tom Glocer at the British Museum wasn’t about the group’s merger with Thomson but Rupert Murdoch’s conquering of Dow Jones. Or Ruby (Rupert/News) and Diamond (Dow Jones) as they were codenamed in SEC documents filed on Thursday,
Now for the hard part, Rupert…
Rupert Murdoch is likely to take control of Dow Jones within three months, staff learnt on Wednesday, as the News Corp chairman moved to woo other shareholders after winning over sufficient members of the controlling Bancroft family for his $5bn offer.
It’s official – the Bancroft statement
Following today’s announcement by Dow Jones & Co., Inc. and News Corporation that they have entered into a definitive merger agreement to combine the two companies, a spokesperson for the Bancroft family issued the following statement:
Home and nearly hosed: Murdoch wins Dow Jones
Rupert Murdoch’s News Corp has finally sealed a $5bn agreement to purchase Dow Jones, publisher of The Wall Street Journal, after three months of drama in the controlling Bancroft family and much public debate,
Dow Jones deal on knife edge
Shares in Dow Jones fell 5.31 per cent on Monday to $51.56, significantly below the $60-per-share offer from Rupert Murdoch’s News Corp, amid uncertainty about whether the company’s controlling Bancroft family would back a sale,
Bancroft split clouds Dow Jones deal
The sharp divisions evident within the Bancroft family over the possible sale of Dow Jones, owner of the Wall Street Journal, to Rupert Murdoch’s News Corp have cast uncertainty about Dow Jones’s prospects in the event a sale is voted down.
Bancrofts debate Dow Jones sale
Members of the Bancroft family, who control 64 per cent of Dow Jones’ voting power, met in Boston on Monday night to decide whether to accept a $5bn takeover offer from Rupert Murdoch’s News Corp. The meeting followed a decision by the Dow Jones board of directors last week to recommend selling the company to Mr Murdoch,
Dow Jones director quits over proposal
Dieter Von Holtzbrinck, a German publishing executive, has resigned from Dow Jones’ board in protest over the company’s $5bn sale to Rupert Murdoch’s News Corp. In a letter to fellow directors after they endorsed the offer on Monday,
Bancrofts to vote Monday on Dow Jones deal
The Bancroft family, which controls Dow Jones voting shares, is set to meet Monday for a final vote on the $5bn bid by Rupert Murdoch’s News Corp for the company, publisher of the Wall Street Journal,
Dow Jones board backs Murdoch bid
Dow Jones directors are ready to endorse the $5bn offer from Rupert Murdoch’s News Corp, the company said in a statement issued Wednesday, reports Bloomberg. The directors of Dow Jones will recommend the $60-a-share bid after a meeting in New York on Wednesday.
Dow Jones, News Corp reach agreement
Dow Jones representatives have reached a tentative agreement with Rupert Murdoch’s News Corp on its $5bn offer for the publisher of the Wall Street Journal and the two sides are expected to begin formal deliberations as early as Tuesday,
“At least Murdoch loves newspapers…”
Is this tantamount to the towel hitting the canvas?
But if the family is going to sell I see no point in pursuing industrial conglomerates, Internet entrepreneurs, supermarket magnates and real estate developers.
Dow Jones to meet possible rival bidder
The board of Dow Jones is making a last-ditch attempt to find a rival bidder as the parent company of the Wall Street Journal enters the final stretch of negotiations to be acquired by Rupert Murdoch’s News Corp,
NBC chief explains Dow Jones bid move
Jeff Zucker, chief executive of NBC Universal, told the FT that the General Electric-owned media group abandoned its pursuit of Dow Jones because it was a “fiscally disciplined” company unwilling to match the $5bn offered by Rupert Murdoch’s News Corp.
Murdoch ‘on brink’ of pact over WSJ
Rupert Murdoch’s News Corp appeared to be edging closer to a deal to acquire Dow Jones on Monday night after a frantic round of negotiations over measures to protect editorial independence at The Wall Street Journal in the event of a sale,
Murdoch-Dow Jones talks ‘moving quickly’
Rupert Murdoch and the board of Dow Jones were in “intense negotiations” on Sunday over his $5bn offer for the company, reports the Wall Street Journal. The talks intensified after Mr Murdoch indicated that proposals by Dow Jones’ board of directors to protect the editorial independence of The Wall Street Journal in the event of a sale to News Corp are not acceptable,