While you were sleeping, the proposal to sell Dow Jones, Inc. to Rupert Murdoch's News Corp. got more complicated.
The Bancroft family, which controls Dow Jones Inc., missed a self-imposed deadline yesterday to line up enough votes to agree to sell the company to Rupert Murdoch's News Corp.
The Wall Street Journal reports today that the Bancroft family is still divided over whether to sell Dow Jones, Inc. to Rupert Murdoch's News Corp. for $5 billion.
Michael B. Elefante, the family's lead trustee, indicated to some on the board last night that he has slightly less than 30 percent of the overall Read More
At around noon on Tuesday, Geoffrey V. Raymond, a New York based portrait artist, showed up at One World Financial Center, the offices of Dow Jones, Inc., with a four-foot-tall painting of Rupert Murdoch's face.
Security officers clapped on their headsets, unsure of the building's regulations for unexpected art exhibitions. After some deliberation they sent Read More
One previously undecided member of the Bancroft family, who votes about 15 percent of Dow Jones shares, has come out against a deal to sell the company to Rupert Murdoch's News Corp., The Wall Street Journal reports.
Jane Cox MacElree, whose daughter, Leslie Hill, brought Brad Greenspan and Ron Burkle's counterproposal before the board Read More
Shortly before 8 p.m., Bancroft family lead trustee Michael Elefante emerged through a revolving door, from the back entrance of the Hilton Hotel, in Boston’s financial district. There, he very briefly addressed reporters, waiting outside in the light rain.
“The family had a very productive meeting, and they now have all the information Read More
On Thursday, July 19 Dieter von Holtzbrinck resigned from his position as a board member of the Dow Jones Company—a move that the Wall Street Journal first reported on Thursday evening.
Mr. Holtzbrinck’s actions come two days after his fellow board members voted in favor of Mr. Murdoch’s Read More
Today's Wall Street Journal has some valuable retread over the events at Tuesday night's meeting between representatives of Rupert Murdoch's News Corp. and the board of directors of Dow Jones Inc., which is considering selling itself to the Australian-born media mogul.
There was acrimony: In the opening minutes of the meeting, while Dow Jones Read More
The Securities and Exchange Commission has given notice to Dow Jones board member David K.P. Li that he will be investigated for insider trading after a couple to whom he is "indirectly linked" made $8.2 million in a matter of days by buying Dow Jones stock immediately before news leaked that Rupert Murdoch's News Corp. Read More
Today, former Wall Street Journal managing editor Paul Steiger became part of his own paper’s scoop.
After yesterday’s big meeting between News Corp. chair Rupert Murdoch and Dow Jones C.E.O. Richard Zannino, the Journal reported that Rupert Murdoch “suggested the possibility of nominating [Mr. Steiger] to the board of News Corp., according to a Read More
Last night, Dow Jones C.E.O. Richard F. Zannino finished a marathon session with News Corp. chairman Rupert Murdoch by hammering out a tentative agreement to sell him the company.
In the negotiations, according to The Wall Street Journal (which is owned by Dow Jones), Mr. Zannino failed to persuade Mr. Murdoch to increase his offering Read More
