May 18, 1991 |
Dow Jones & Co. and Group W Broadcasting Co. said Friday that they have abandoned their three-month fight to jointly acquire Financial News Network. The companies said they ordered their lawyers to drop all legal challenges to the acquisition of FNN by Consumer News and Business Channel, a unit of NBC. After weighing the competing bids, a federal bankruptcy judge on May 9 declared CNBC the winner.
July 3, 2007 |
The founder of the company that spawned MySpace said Monday that he would be willing to work with an investment firm recruited by Dow Jones & Co. staffers to fashion a joint bid for the financial news empire. Brad Greenspan, who made a reported $47 million when his EUniverse was sold to Rupert Murdoch's News Corp., said in an interview that he would be happy to join forces with Yucaipa Cos.
March 18, 1998 |
Dow Jones & Co. said Tuesday that it will sell its financial information service to Bridge Information Systems Inc. for $510 million. The deal will make Bridge the world's second-largest provider of electronic financial data, such as stock and bond prices, with an estimated $1 billion in revenue. Reuters Holdings will remain No. 1.
July 19, 1989
Peter R. Kann, publisher and editorial director of the Wall Street Journal, has been elected to the additional posts of president and chief operating officer of Dow Jones & Co., the business newspaper's parent company. Kann takes over the president's post from Warren H. Phillips, who remains chairman and chief executive. Phillips had been working without a No. 2 executive following the retirement of president and chief operating officer Ray Shaw earlier this year.
October 2, 1998 |
Dow Jones & Co. warned Thursday that third-quarter earnings will fall short of expectations because of unanticipated weakness in advertising during the last half of September. Meanwhile, Marriott International Inc., the nation's largest hotel company, said its fiscal third-quarter earnings rose 16%, but it warned that earnings growth will slow next year because of a hotel building boom and increased competition.
May 4, 2007 |
Employees at Dow Jones & Co., parent of the Wall Street Journal, are mobilizing to try to stiffen the resolve of the controlling Bancroft family against a $5-billion takeover bid by Rupert Murdoch's News Corp. In an e-mail Wednesday, Journal reporter Jesse Drucker exhorted colleagues to join a movement to write letters to each of the three Bancroft family members on the Dow Jones board, urging them to "stand firm." The Bancrofts, through legal advisor Michael B.
October 12, 2001 |
Dow Jones & Co., publisher of the Wall Street Journal, said third-quarter profit fell 64% to $17.4 million, or 20 cents a share, and warned fourth-quarter earnings would fall far short of analysts' expectations amid the worst newspaper advertising slump in years. The results were 2 cents better than Wall Street's lowered consensus estimate, according to Thomson Financial/First Call. The company said revenue fell 21% to $397.6 million, with advertising revenue down 31%.
June 22, 2007 |
Advantage Rupert. With General Electric Co. and Pearson taking themselves out of the bidding Thursday for Dow Jones & Co., billionaire Murdoch's path to landing the parent of the Wall Street Journal is further cleared.