Rupert Murdoch speaking about Dow Jones at the 2007 annual News Corporation stockholders’ meeting on October 19, 2007:
This strategic acquisition includes not only The Wall Street Journal, the world’s pre-eminent business newspaper, but other prestigious brands and a range of content that will provide us with remarkable reach and flexibility in [...]
Archive for the 'THE WALL STREET JOURNAL' Category
MURDOCH: ‘THERE IS REAL HUNGER… FOR FINANCIAL NEWS’
Published by November 5th, 2007 in Dow Jones, News Corporation, Rupert Murdoch, THE WALL STREET JOURNAL and financial news. 0 CommentsDOW JONES LAST EARNINGS CONFERENCE CALL
Published by October 18th, 2007 in Dow Jones, Rich Zannino, THE WALL STREET JOURNAL and media dinosaurs. 0 Comments
Some interesting remarks from Rich Zannino, Dow Jones CEO, in his last (short) Dow Jones & Company Incorporated third quarter 2007 earnings conference call.
For the past 20 months or so, we’ve been winning in this new media environment by urgently transforming Dow Jones from a company heavily reliant on newspaper publishing to a [...]
SETH LIPSKY IS RIGHT: ARTS AND CULTURE SELL
Published by October 3rd, 2007 in Forward, Ludovico Carracci, Metropolitan Museum, New York, Seth Lipsky and THE WALL STREET JOURNAL. 0 CommentsThe New York Sun has very good local news on its front page today.
A new Madonna for the Metropolitan Museum.
James Gardner writes about Ludovico Carracci’s “Madonna and Child with Saints” a gift of Mark and Rachel Fisch, clearly steeped in the late 16th-century mannerist traditions of central Italy.
Welcome to the front page, arts and culture!
I [...]
FRONT PAGE REVIEW: STRONG GRAPHICS FOR DRAMATIC CUTS
Published by September 19th, 2007 in Detroit Free Press, Financial Times Deutschland, Front Pages Review, OC POST, THE WALL STREET JOURNAL, The Charlotte Observer, The New York Times and The Record. 0 CommentsYou know the big news:
In a surprisingly strong move, the Federal Reserve unanimously voted to cut its overnight interest rate target by a half percentage point to 4.75% Tuesday, citing turmoil in financial markets as a threat to economic growth.
And here you have how a few U.S. newspapers presented the news.
The most striking thing for [...]
MURDOCH’S FIRST MOVE AT THE WALL STREET JOURNAL
Published by September 19th, 2007 in Alan Rusbridger, Financial Times, Rupert Murdoch, THE GUARDIAN, THE WALL STREET JOURNAL, The New York Times and TimesSelect. 1 Comment
The first decision will have this headline:
WSJ Stops Charging for Access to Its Web Site.
Any doubt?
No.
So, the Financial Times is next.
As Jeff Jarvis says in a terrific post:
It’s the relationship that is valuable.
It’s the relationship that is profitable, not the control of the content or the distribution.
That is the essential media moral [...]
THE MURDOCH CARD
Published by July 20th, 2007 in Bancrofts, MURDOCH, News Corporation, THE WALL STREET JOURNAL and The Sun. 0 Comments
A smart New York friend of mine sent me his two cents on Murdoch and Dow Jones:
First, Murdoch doesn’t invest $5 billion to lose money or destroy the product he buys.
He’s not an idiot.
He’ll put money into the WSJ to build it up.
He gives his readers what they want.
Readers of [...]
APPLE iPHONE MANIA
Published by June 26th, 2007 in Apple, David Pogue, THE WALL STREET JOURNAL, The New York Times, Walt Mossberg and iPhone. 2 CommentsBe ready tonight for the first authorized iPhone Reviews.
A small group of journalists were given Apple iPhones in advance of the June 29 launch, under strict nondisclosure agreements that specified when they could publish or broadcast their reviews.
Apple 2.0 has learned that that moment is today at 9 p.m., New York time.
Go to the [...]
THE MURDOCH-BANCROFT DEAL
Published by June 26th, 2007 in Bancrofts, Bloomberg, Doew Jones, Jeff Jarvis, Ken Auletta, Murdch, Reuters, THE NEW YORKER, THE WALL STREET JOURNAL and Thompson. 0 Comments
Ken Auletta, media correspondent from The New Yorker, writes a long story about the Murdoch bid for Dow Jones.
Read it and you will see how the deal is almost done.
Money, money, money.
Don’t be confused.
The Bancrofts don’t care about quality journalism.
They never re-invested their profits.
They were there just for the easy and big dividends.
While Dow [...]
WALTER MOSSBERG ON THE APPLE iPHONE
Published by June 25th, 2007 in Apple iPhod, Blackberry, PC, THE WALL STREET JOURNAL and Walter Mossberg. 1 CommentOn the Wired Campus, Jeffrey R. Young reports:
Walter S. Mossberg, The Wall Street Journal’s personal-technology columnist, picked up his review copy of the Apple iPhone this morning (June 11), and he gave his initial impressions of the much-anticipated gadget to college leaders during a speech at The Chronicle’s Presidents Forum (…)
“I don’t know [...]
MURDOCH’S BID AND THE BANCROFTS’ DILEMA
Published by June 24th, 2007 in Bancrofts, Dow Jones, Rupert Murdoch and THE WALL STREET JOURNAL. 0 Comments
I had brunch today in New York with a former editor of The Wall Street Journal.
His opinion:
The Murdoch bid is an offer that the Bancroft family can not refuse.
Why?
Because the $5 billion bid is big, big money.
The Bancrofts will not get more than that.
If they refuse the offer, the management, the journalists and the [...]
A PEARSON BID FOR DOW JONES? NO WAY!
Published by June 18th, 2007 in Bancrofts, CNBC, Dow Jones, FOX News, Financial Times, General Electric, MURDOCH, News International and THE WALL STREET JOURNAL. 0 Comments
Shares of Dow Jones gained almost 2% to close at $59.01 Friday on news that Pearson, publisher of the Financial Times was seeking partners for a joint counteroffer for the company that would compete with Rupert Murdoch’s $5 billion bid.
One company Pearson has approached is General Electric, which owns business news channel CNBC.
If, on [...]
PAID QUALITY NEWSPAPERS
Published by June 15th, 2007 in Financial Times, THE WALL STREET JOURNAL and The New York Times. 0 CommentsGood news for quality papers:
The Financial Times is raising its UK weekday cover price from £1 to £1.30, while in the US, The Wall Street Journal has elected for a 50% rise to $1.50.
The FT’s Saturday edition is also going up from £1.50 to £1.80.
Next?
The New York Times.
MAD KRAMER VS. DOW JONES
Published by June 13th, 2007 in Bancroft Family, Dow Jones, Jim Cramer, MURDOCH, Ottaway and THE WALL STREET JOURNAL. 0 Comments
Jim Cramer writes in thestreet.com about the 10 Stories You Won’t Read About Dow Jones’ Merger Missteps
I keep thinking about what The Wall Street Journal would write about the following company’s takeover trials.
1. The company gets the takeover bid and the senior officers sit on the bid and disclose it to no one as [...]
ROBERT THOMPSON, THE EDITOR BEHIND THE MURDOCH BID FOR DOW JONES
Published by June 12th, 2007 in Australia, Dow Jones, Financial Times, MURDOCH, Robert Thompson, Sidney Morning Herald and THE WALL STREET JOURNAL. 1 Comment
Robert Thompson is the editor of the London Times.
Rupert Murdoch hired him when he was in New York working for the Financial Times.
The FT’s circulation in the U.S. was just 45,000 copies a day.
By 2002, U.S. circulation had increased to 150,000 copies.
He knows business media.
And he is the key editor behind the Murdoch bid [...]
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