News Corp.'s $5 billion bid for Dow Jones & Co. Inc. may have fueled a modest rally among newspaper stocks but it's unlikely to spark similar deals or push publishing sector takeover values higher, analysts say.
General Electric Co. and Pearson Plc said on Thursday they will not pursue a joint offer for publisher Dow Jones & Co. Inc., removing a potential challenge to a $5-billion bid by Rupert Murdoch's News Corp.
News Corp. (NYSE: NWS) may swap its popular social networking site for a stake in Yahoo! Inc. according to a published report.
Dow Jones & Co. Inc. said on Wednesday its board will take over negotiations related to a $5 billion takeover offer from Rupert Murdoch's News Corp., a move that could bring a quicker resolution to the talks.
Financial Times publisher Pearson Plc. is seeking partners to make a possible bid for Wall Street Journal owner Dow Jones & Co. Inc., the Journal reported on its Web site on Friday.
The Wall Street Journal, whose parent Dow Jones & Co. is the target of a $5 billion takeover offer by News Corp., is set to shake up its newsroom by reassigning and replacing several top editors, the New York Times reported on its Web site.
Dow Jones & Co.'s (NYSE: DJ) union has enlisted billionaire Ron Burkle to explore alternatives to News Corp.'s (NYSE: NWS)$5 billion take over bid in an effort to ensure editorial independence at the Wall Street Journal.
News Corp. (NYSE: NWS) chief Rupert Murdoch told reporters that he had a good meeting with Dow Jones & Co.'s controlling Bancroft family over his proposal to purchase the company for $5 billion.
News Corp. (NYSE: NWS)said on Wednesday that its third quarter profits rose by 6.2 percent from the previous year on strong performance from its film and cable news divisions.
Shares of Dow Jones & Co.(NYSE: DJ), which publishes The Wall Street Journal, were slightly down on Wednesday, a day after talk of a $5 billion bid for the firm by News Corp. sent shares soaring more than 50 percent.
MySpace, the social networking Web site, could be worth around $15 billion within three years, measured in terms of the value created for shareholders of parent company News Corp., a Wall Street media analyst forecast on Wednesday.
AOL Chief Executive Jonathan Miller said on Wednesday that he expects Internet video-sharing Web site YouTube.com to overcome its business and piracy issues, and be acquired by a larger media company.
Publisher Daily Mail & General Trust said on Thursday advertising markets were proving patchy for its national titles but was enjoying good growth for revenue from its business and digital operations.
It's business as usual in New York's banks and brokerages where a muted response to the World Cup has allowed companies to turn a blind eye to staff watching soccer matches at their desks or on trading floors.
