SAN FRANCISCO — News Corp.’s Rupert Murdoch has a $5 billion crush on the owner of The Wall Street Journal, Reuters PLC is the apple of Thomson Corp.’s eye, and Microsoft Corp., at least fleetingly, appeared to flirt once again with Internet icon Yahoo Inc. The media mating dance that broke out last week is part of a mad scramble to find the right mix of technology, business savvy and content to...
TORONTO (Reuters) - Thomson Corp., the electronic publisher rumored as a potential bidder for financial data and news company Reuters Group Plc, has been no stranger to acquisitions since its founding family bought its first newspaper in small-town Canada in the 1930s. From their roots as newspaper proprietors, dealmaking has been the bread and butter of the Thomsons. The family has been involved...
LONDON: : Canadian publisher Thomson Corp is in talks to buy financial news and data group Reuters, Canada’s Globe and Mail newspaper said on Friday, citing unidentified sources close to both companies. “Thomson is a big thoughtful company that makes long-range plans and doesn’t do hostile deals,” the newspaper quoted one source as saying. Reuters, which said earlier on Friday it had received a...
The Internet-driven transformation of the media industry is sparking a new round of potential megamergers, underscored yesterday by reported efforts to acquire search engine Yahoo Inc. and information service Reuters Group PLC. Thomson Corp., a financial information services firm in Stamford, Conn., has reportedly approached Reuters about a possible acquisition, while software giant Microsoft Corp...
NEW YORK (CNNMoney.com) -- Reuters, the financial news agency whose founder started off selling stock quotes via carrier pigeon in Europe, appears set to recommend a takeover bid from Thomson Corp., a rival in the financial news business, according to a news report Friday. Without quoting any sources, the Financial Times reported on its Web site late Friday that Reuters "appeared willing to...
News Corp., launching a two-pronged offensive, is planning to take its case for buying Dow Jones & Co. to the media company's controlling shareholders, the Bancroft family, and directly to the newsroom of the company's flagship, The Wall Street Journal. The media conglomerate run by Rupert Murdoch is considering making its case to journalists detailing the company's plans for capital investment...
The board of Dow Jones & Co. announced late Wednesday that it would not move on Rupert Murdoch's audacious $5-billion buyout offer after the company's controlling Bancroft family rejected the media baron's proposal for the second time in two days. But analysts viewed the company's newly robust stock price and the somewhat muted rejection as signs that Murdoch, or a competitor, would eventually buy...
Cablevision Systems Corp. and the Tribune Co., which owns Newsday, are moving to take their businesses private. And Rupert Murdoch, chairman and chief executive of News Corp., is looking for a little respect, some say, with his $5 billion bid for Dow Jones & Co. and its Wall Street Journal. Analysts and media experts describe it as the transition and turmoil that has become a reality for media...
Newspapers in Massachusetts and across the nation are seeking new ways to measure readership as the traditional measure, paid circulation, continues to decline. For the six months ended March 31, average daily paid circulation fell 5.2 percent in Massachusetts from the same period a year earlier, and 2.1 percent nationally, according to data reported yesterday by the Audit Bureau of Circulations...
The Denver Post on Monday extended voluntary-buyout offers to about 90 newsroom workers in a move aimed at trimming costs amid an industrywide downturn. The Post will accept as many as 37 buyouts by early June. The paper currently has about 268 workers in its newsroom. The offers come one year after The Post eliminated more than a dozen newsroom positions, also through voluntary buyouts...
