After All, Murdoch Maybe Will Buy Wall Street Journal
By Max Brenn
23:27, June 1st 2007
60 votes
Vote this story
After All, Murdoch Maybe Will Buy Wall Street Journal

The owners of Wall Street Journal, the Bancroft family may consider selling one of the US’ largest newspapers in terms of circulation and a leader in financial news, Wall Street Journal.

In a statement issued late Thursday in Boston, the Bancroft Family Directors said they would meet Rupert Murdoch, the owner of News Corp, for discussion.

"After a detailed review of the business of Dow Jones and the evolving competitive environment in which it operates, the family has reached consensus that the mission of Dow Jones may be better accomplished in combination or collaboration with another organization, which may include News Corporation," the statement reads.

It is quite an unexpected decision after two weeks ago, the Bancroft family rejected a a 5-billion-dollar made by Murdoch.

According to the statement, the Bancroft family would meet with News Corporation to determine whether it would be possible "to ensure the level of commitment to editorial independence, integrity and journalistic freedom that is the hallmark of Dow Jones."

The Dow Jones & Company has been owned by the Bancrofts since 1902.



© 2007 - 2008 - eFluxMedia
Share the News:
Del.icio.us Digg Stumble Upon Facebook Newsvine Mixx
dotclear

Other News in

Publisher Robert Giroux Passed Away

Publisher Robert Giroux Passed Away

The New York Times reported on Friday that Robert Giroux, an American book editor and publisher who was one of the partners of U.S. publishing house Farrar, Straus & Giroux, has died in...

Sony Recall 438,000 VAIO Laptops with Overheating Problems

Sony Recall 438,000 VAIO Laptops with Overheating Problems

Not two years after Sony were forced to recall 4.1 million laptop batteries which were placed in Dell, Apple and Lenovo notebooks and which were prone to overheating problems, they are forced to...

Still Calling the Ghostbusters 20 Years On

Still Calling the Ghostbusters 20 Years On

Bill Murray and Dan Aykroyd are set to say in unison “I ain’t afraid of no ghosts” in an upcoming third installment of the 1980s comedic sci-fi franchise “Ghostbusters,” reports trade paper...

UC Berkeley Yells “Timber”

UC Berkeley Yells “Timber”

Friday, the University of California began cutting trees on campus, in a grove where four tree-sitters have been protesting for 21 months against the construction of an athletic facility. It has...

$300 Million Makeover for Windows Vista

$300 Million Makeover for Windows Vista

Due to the fact that Windows is currently losing market share to main competitor Apple Incorporated, the company has hired advertising agency Crispin, Porter + Bogusky to give Windows Vista...

dotclear
Latest videos in Specials
Cindy McCain Defends Working...
World Record For Birthday...
Cutting the cost of Fashion...
Ripley's "freaky" manimals
Raw Video: Dolphin Treatment...

dotclear
Specials You are here: Specials
» Specials   
E-mail To A Friend Print RSS Text size: Decrease font size Increase font size
dotclear
dotclear
dotclear
Most Popular in Specials
Google Backs Down After Being Caught with Prohibitive EULAGoogle Backs Down After Being Caught with Prohibitive EULA

» read full story
dotclear

Interested In This Topic?

News Alert will keep you informed. Find out more.
dotclear
Photos Gallery
dotclear
Today's Latest News
Tobey Maguire To Be Spider-Man For The Fourth TimeTobey Maguire To Be Spider-Man For The Fourth Time

» read full story
dotclear