{"id":430,"date":"2007-05-08T02:09:26","date_gmt":"2007-05-08T09:09:26","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=430"},"modified":"2007-05-30T15:57:04","modified_gmt":"2007-05-30T22:57:04","slug":"murdoch-burned-by-dow-jones-spurn","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=430","title":{"rendered":"Murdoch Burned By Dow Jones Spurn"},"content":{"rendered":"

While Rupert is Wall Street Jonesin to expand his empire, the Dow J contingent just aint feelin it. Aside from the fact that the DJ’s controlling family, the Bancrofts, have already expressed their opposition<\/a> to the takeover; and the paper’s union is firmly against<\/a> Murdoch’s proposal; and journalism experts have denounced<\/a> the plan; a couple of new wrenches have been thrown into the gears of Murdoch’s machine.<\/p>\n

Ottaways Deplore Bid by Murdoch<\/a>
\nThis New York Times report discloses the not-so-subtle view of the Ottaway family, another major Dow Jones shareholder group. James H. Ottaway Jr. is adamant that, “Dow Jones is not for sale, at any price, to Rupert Murdoch.”<\/em> His son goes into a little more detail:<\/p>\n

“As an investor, I would be very concerned to live in an era of making investment decisions based on the Murdoch-filtered business information. As a citizen, I would be afraid to live in a world where news is solely entertainment, and there is an agenda behind every story I read, watch or hear.”<\/span><\/p>\n

Authorities investigate trading in Dow Jones options<\/a>
\nThis story speculates that somebody knew about Murdoch’s intentions before they were publicly disclosed:<\/p>\n

“More than 10,000 call options on Dow Jones stock were traded in late April, compared with about 7,000 during all of the January-March quarter.”<\/span><\/p>\n

Both Dow Jones and News Corp acknowledge receiving subpoenas from the New York attorney general’s office and inquiries from the SEC.<\/p>\n

This could get interesting – fun even. And I could get a chance to practice my New York Post-style headlines like the one above.<\/p>\n","protected":false},"excerpt":{"rendered":"

While Rupert is Wall Street Jonesin to expand his empire, the Dow J contingent just aint feelin it. Aside from the fact that the DJ’s controlling family, the Bancrofts, have already expressed their opposition to the takeover; and the paper’s union is firmly against Murdoch’s proposal; and journalism experts have denounced the plan; a couple […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[12,1],"tags":[],"class_list":["post-430","post","type-post","status-publish","format-standard","hentry","category-big-media","category-general"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p4Ijg-6W","jetpack-related-posts":[{"id":790,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=790","url_meta":{"origin":430,"position":0},"title":"Fox Business Network Jinxes The Markets","author":"Mark NC","date":"2\/12\/2008","format":false,"excerpt":"Dow Jones announced today that it will be adjusting the components of its Dow 30 stock index. This is the first change since Dow Jones, parent of the Wall Street Journal, was purchased by Rupert Murdoch's News Corporation, parent of Fox News and the recently launched Fox Business Network. The\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":425,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=425","url_meta":{"origin":430,"position":1},"title":"More Fallout From the Fox Street Journal","author":"Mark NC","date":"5\/2\/2007","format":false,"excerpt":"Dow Jones's Bancroft Family Rejects Murdoch's Offer: Dow Jones & Co. said Bancroft family members who control more than 50 percent of the company's voting shares will reject a $5 billion takeover bid by Rupert Murdoch's News Corp. This still doesn't mean it's over. Murdoch could sweeten the offer and\u2026","rel":"","context":"In "Big Media"","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":1151,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=1151","url_meta":{"origin":430,"position":2},"title":"The Wall Street Journal After A Year With Murdoch","author":"Mark NC","date":"12\/13\/2008","format":false,"excerpt":"It was one year ago today that the Dow Jones Company, parent of the Wall Street Journal, agreed to be acquired by Rupert Murdoch's News Corp. That transaction marked another step in the shrinking universe of media ownership. Specifically, it was the consumption of a revered publishing institution by a\u2026","rel":"","context":"In "Big Media"","block_context":{"text":"Big Media","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=12"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":551,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=551","url_meta":{"origin":430,"position":3},"title":"DeadLines","author":"Mark NC","date":"8\/9\/2007","format":false,"excerpt":"Pro Bloggers to get Journalist Shield. Last week, the House Judiciary Committee approved a bill that would shield journalists (including bloggers) from revealing their sources . However, the bill includes several exceptions regarding terrorism, national security, imminent death, and trade secret leaks. More ominously, it was amended to define \"journalist\"\u2026","rel":"","context":"In "General"","block_context":{"text":"General","link":"https:\/\/www.newscorpse.com\/ncWP\/?cat=1"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":445,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=445","url_meta":{"origin":430,"position":4},"title":"Murdoch’s Definition Of Independent","author":"Mark NC","date":"5\/22\/2007","format":false,"excerpt":"Ever since Rupert Murdoch announced his bid to acquire Dow Jones and its star property, the Wall Street Journal, people have been speculating as to how the new management would deal with the journalistic direction of the renowned newspaper. 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