The Juice: A Little Something Extra for your morning
« Prada puts its stiletto'd foot down | Main | A different sort of utility vehicle »
Stuck between Murdoch and a hard place
Dow Jones is doing some frantic last-minute shopping for an alternative to Rupert Murdoch's $5 billion bid. Some members of the Dow Jones board are in Los Angeles today meeting with California billionaire Ron Burkle, who may be their last hope. Then again, The New York Times is reporting that the talks are probably not significant because supermarket king Burkle doesn't have an offer.
The meeting's apparently happening in part to appease Leslie Hill, a member of the Bancroft family which controls 64 percent of Dow Jones. A lot of folks don't want to see Murdoch gain control of the Wall Street Journal's parent company because they believe his News Corp promotes sensationalism and partisanship. On the other hand, there have been reports that if the Murdoch bid fails, there will be deep cuts in the Journal's newsroom staff due to declining ad sales.
Posted on July 9, 2007 4:48 AM PT | Permalink
Latest Posts
- Times are never too bad to give
- The ax is chopping at Citigroup
- Don't just do lunch -- go for the Buffett
- XM, Sirius shares falter on bad report
- Chess Rules Everything Around Me
- Maybe sales will get better in Time
- Ladies Love Cool . . . Sears
- I'm browsing, they're browsing, everybody's browsing
- Can't afford gas? Try air freshener
- Haven't bought any underwear lately have you?
Archives
| S | M | T | W | T | F | S |
|---|---|---|---|---|---|---|
| 1 | 2 | 3 | 4 | 5 | 6 | 7 |
| 8 | 9 | 10 | 11 | 12 | 13 | 14 |
| 15 | 16 | 17 | 18 | 19 | 20 | 21 |
| 22 | 23 | 24 | 25 | 26 | 27 | 28 |
| 29 | 30 |
sponsor
Latest Comments
- The economy: Not at your service (1)
- Laura Beth wrote: SO WHAT. To me, it is GREAT that the economy is NOT growing.... [read]
- Hard to see a slowdown from a yacht... (1)
- Chuck wrote: Until our elected "leaders" stop taking bribes from the weal... [read]
- It's OK to mix your beer (1)
- dallas latham wrote: diabolical!!!!! ... [read]
- Greenspan's recession more and more likely (2)
- Alan Reynolds wrote: Saying there is a 50-50 chance of something happening is wim... [read]
- SAG wins best supporting union in WGA strike (1)
- wrote: thats dissapointing... [read]
Marketplace Confessional
I've just listened to Mr. Stein's concern for the poor working man. No doubt he drove his Bronco to the station to make his plea for the common man. Honestly, Ben Stein weeping for the common man's fate? After my sides stopped hurting from laughing ...
sponsor