Unionized Wall Street Journal reporters didn’t show up for work Thursday morning to protest Rupert Murdoch’s bid for the Journal’s parent company, as well as Dow Jones & Co.’s proposals for a new labour contract. The half-day walkout, which lasted until 2 p.m. ET, had very high participation by members of the Independent Association of Publishers’ Employees, which represents all Journal reporters...
News Corp. Chairman and Chief Executive Rupert Murdoch said any deal with Dow Jones & Co. would likely be resolved in the next two or three weeks, or “not at all.” “Everything is done. We are just waiting for a final approval of the Bancroft family,” Mr. Murdoch told Reuters during a visit to Warsaw. “The final approval is in the next two, three weeks’ time or not at all,” he added. Although the...
NEW YORK — News Corp. (NWS) CEO Rupert Murdoch holds most of the cards when it comes to his $5 billion offer for Dow Jones (DJ). But the bargaining continues, and he still may need to use his skills of persuasion if he succeeds in acquiring the parent of The Wall Street Journal. After a deal, Murdoch would nominate top editors. But hiring and firing decisions would have to be approved by a five...
If Rupert Murdoch succeeds in buying Dow Jones & Co., will the unusual editorial-independence provision in the deal — which would apparently limit his involvement in The Wall Street Journal newsroom — really work? And should it? Veteran editors and newspaper executives who spoke with E&P today offered mostly criticism of the arrangement, from both the newsroom and ownership sides, saying the...
Rupert Murdoch appears to be a step closer to acquiring The Wall Street Journal, a move that would set off what promises to be culture shock at the venerable financial news institution. The Journal’s parent, Dow Jones & Co., and Murdoch’s News Corp. have agreed in principle on a set of editorial protections for The Wall Street Journal, according to a report on WSJ.com. Protecting the editorial...
Negotiators reached an “agreement in principle” Tuesday for guarding the editorial independence of The Wall Street Journal if its parent, Dow Jones, is sold to News Corp., people briefed on the talks said. That agreement clears the way for discussion of price and other remaining issues. But some of these people cautioned that certain details on editorial independence remained to be settled, and...
NEW YORK: They read like items one might post on Legacy.com or some other such memorial to the dead. "Used witty or acerbic lines of prose," "had deep affection for his colleagues," or " I've never seen anyone work as hard as he did." But these words of praise and stories of success are not for the recent passing of a news colleague or someone cut down in a work-related death. These paragraphs of...
You can't tell the players without a scorecard, and today The Audit will spell out where the economic interests of business-side and news-side executives at Dow Jones & Co. and its prized asset, The Wall Street Journal, stand in regard to the News Corp. bid. Basically, the interests of key figures both at DJ and, unusually, at the WSJ are geared toward a sale, and not just a sale, but a sale to...
The decision by General Electric Co. and Pearson PLC to abandon their efforts to bid for Dow Jones & Co. aids Rupert Murdoch in his quest to acquire the publisher of The Wall Street Journal but raises questions about the strategies of the other three going forward. Pearson must now determine the best course for its Financial Times newspaper, which the publishing company was considering hiving off...
The International Federation of Journalists (IFJ) has joined protests against the closure of the French-language daily Cambodge Soir and voiced its solidarity with the 30 newspaper employees who face losing their jobs. According to local reports, on June 12, only a day after Cambodge Soir journalists launched a strike protesting the unfair dismissal of news editor, Soren Seelow, management...
