{"id":479,"date":"2007-06-20T11:26:13","date_gmt":"2007-06-20T18:26:13","guid":{"rendered":"http:\/\/www.newscorpse.com\/ncWP\/?p=479"},"modified":"2007-06-20T11:32:06","modified_gmt":"2007-06-20T18:32:06","slug":"trouble-for-murdoch","status":"publish","type":"post","link":"https:\/\/www.newscorpse.com\/ncWP\/?p=479","title":{"rendered":"Trouble For Murdoch"},"content":{"rendered":"

While I still prefer my own proposal<\/a> for Dow Jones, there are some new developments that we should keep our eyes on.<\/p>\n

General Electric (parent of CNBC) is talking with Pearson (parent of Financial Times) about joining to bid<\/a> for Dow Jones. The deal would allow the Bancrofts to keep a share of the company.<\/p>\n

Billionaire Ron Burkle is reportedly interested in bidding<\/a> for Dow Jones and has been working with the company’s union to put a deal together. One scenario has Yahoo, on whose board Burkle sits, becoming a partner in the transaction.<\/p>\n

The Yahoo connection to Burkle’s bid takes on a new and ominous wrinkle<\/a> with reports that Murdoch is interested in trading MySpace for a 25% share of Yahoo. What an evil genius. If Burkle\/Yahoo buy Dow Jones and then Murdoch executes the MySpace swap, Murdoch would still end up with significant chunk of DJ. If Murdoch pulls off the MySpace swap first, he would be in a position to steer Yahoo away from Burkle, thus eliminating, or at least slowing down, his competition for DJ. In any case, it’s a terrible deal for Yahoo which would be paying the equivalent of $10 billion dollars for a property Murdoch bought a year ago for $580 million. Yahoo could have the faster-growing Facebook for only<\/em> $2 billion.<\/p>\n

But the juiciest revelation to date is this teaser<\/a> about a major investigation of the Murdoch empire being conducted by the New York Times. I don’t know if this just a human interest story or if they have some dirt on Rupert, but I sure hope it’s the latter.<\/p>\n

Stay Tuned.<\/p>\n","protected":false},"excerpt":{"rendered":"

While I still prefer my own proposal for Dow Jones, there are some new developments that we should keep our eyes on. General Electric (parent of CNBC) is talking with Pearson (parent of Financial Times) about joining to bid for Dow Jones. The deal would allow the Bancrofts to keep a share of the company. […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_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},"jetpack_post_was_ever_published":false},"categories":[12,1],"tags":[],"class_list":["post-479","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-7J","jetpack-related-posts":[{"id":460,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=460","url_meta":{"origin":479,"position":0},"title":"An Alternative To Murdoch For Dow Jones","author":"Mark NC","date":"6\/4\/2007","format":false,"excerpt":"The Bancroft Family met today with Satan...er...Rupert Murdoch to discuss selling their soul...er...interest in Dow Jones. The meeting was a capitulation to an untrustworthy media baron whose word is about as reliable as a New York Post Page 6 columnist. At the meeting, Murdoch likely insisted that he has no\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":425,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=425","url_meta":{"origin":479,"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":430,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=430","url_meta":{"origin":479,"position":2},"title":"Murdoch Burned By Dow Jones Spurn","author":"Mark NC","date":"5\/8\/2007","format":false,"excerpt":"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\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":479,"position":3},"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":790,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=790","url_meta":{"origin":479,"position":4},"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":552,"url":"https:\/\/www.newscorpse.com\/ncWP\/?p=552","url_meta":{"origin":479,"position":5},"title":"L A Times Downplays FCC Hurdles For Dow Jones Deal","author":"Mark NC","date":"8\/9\/2007","format":false,"excerpt":"The Los Angeles Times published an article yesterday titled, \"Dow Jones deal prompts call to broaden cross-ownership ban,\" that included this passage: \"Federal rules try to limit media power by prohibiting a company from owning a newspaper and a TV station in the same city. Billionaire Rupert Murdoch's News Corp.\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":[]}],"_links":{"self":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/479","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=479"}],"version-history":[{"count":0,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=\/wp\/v2\/posts\/479\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=479"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=479"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newscorpse.com\/ncWP\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=479"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}