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The Bancroft family is opposing News Corp.'s unsolicited bid of $60 a share, or about $5 billion, for Dow Jones, owner of the Wall Street Journal. A representative of the Bancroft family said that members and trusts representing slightly more than 50% of the voting shares will vote against the News Corp. offer.
The big news today is, well, the news. Rupert Murdoch’s News Corp. (NWS) made an unsolicited bid of $5 billion for Dow Jones (DJ), owner of The Wall Street Journal. Why is Murdoch willing to pay so much and why were Dow Jones options trading at 51 times their average daily volume, yesterday?
Stocks closed higher and the Dow ended at yet another record high following better-than-expected economic data and healthy mergers activity. "We're getting that soft landing scenario people were hoping for -- inflation pressures are starting to ease," said Thomas Higgins, chief economist at Payden & Rygel.
The Bancroft family, which is opposing Rupert Murdoch's bid for Dow Jones, has owned the publisher of the Wall Street Journal since the turn of the 20th Century.
The market may not bat an eyelash at deals worth $5 billion these days, but News Corp.’s offer of $60 a share for Dow Jones is a “game changer,” said Erin Burnett during her daily chat with Jim Cramer. But will it go through? Cramer thinks so.Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Hitting home: When a big story hits, it’s always very exciting. It’s also a bit nerve-wracking when the story, at least potentially, involves you personally. David Faber’s big scoop today qualified on both counts. During "Morning Call," David broke the story that News Corp. was bidding $60 per share to acquire Dow Jones -- sending quite a wave of excitement throughout our newsroom. It’s not just a potentially huge takeover deal -- it’s one that could change OUR lives tremendously.
Wow--there's one stock that certainly "paid off" today, and I'm wondering if any contest players got it. Dow Jones--the company that owns The Wall Street Journal, among other "things" saw it's stock rise more than 50% today--on the bid by Rupert Murdoch to buy the company. Murdoch is planning his own Fox TV business channel, and owning Dow Jones would certainly be a nice way to start the channel off.
Media empire builder Rupert Murdoch may want Dow Jones for its editorial content and clout rather than any extra dollars the acquisition would add to News Corp.'s bottom line, CNBC's Julia Boorstin reports.
On the heels of News Corp doubling the cost of his tabloid, the New York Post -- which is bleeding $70 million dollars annually -- Rupert Murdoch is looking for a plan. The mogul is gathering his top news executives in his Northern California Ranch next week for a three-day confab on how to transition his newspaper empire to the digital age.
It was an extra-long Lightning Round today. That means more callers, more genius from Cramer and more strategies for Home Gamers. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
The face of Hannibal Lecter was no match for Shia LaBeouf in a box-office battle of murder thrillers.
Every year the TV networks gather with advertisers at Radio City Music Hall in New York in mid-May. The TV nets trot out their new shows, trying to lure advertisers with big parties and big promises of big hits, everyone hoping to hit the next "Friends." NBC starts off the upfronts on May 14 and I'll be there.
Tonight, the masters of Wall Street are going face to face with some of the best business school students in the country. Students from Indiana University, Villanova, MIT and USC are bringing their A-game via the webcam.
Diego from Miami asks: given all the concerns about credit deterioration, why hasn't Mastercard sold off while other companies like American Express have?
One maverick explains how he ended up a Wall Street legend. The other explains his comments regarding YouTube – and gives the students in attendance a pep talk. Investing can be confusing. Luckily, Cramer has mapped out some road rules for all you Home Gamers trying to navigate the jungle that is Wall Street. Think of it as "Mad Money 101" –- some fundamental advice to keep in mind as you play the market. Whether you're a first time investor or a seasoned financier, it's always good to remember the basics.
Shareholders of News Corp. approved a plan to swap its stake in DirecTV and $550 million cash for Liberty Media's estimated $11 billion stake in the company, solidifying Rupert Murdoch's control over the company he built.
Baseball fans have been waiting for the umpires' cry of "Play Ball!" since October, but it's the corporate sponsors, stadium concession operators and media companies that broadcast the games that stand to benefit the most from Opening Day.
There's a rumor going around the web that GE's NBC Universal (GE is the parent company of CNBC) is going to take interactive television to the next level. The idea is that after watching a show like friends you could go onto NBC.com to vote on what should happen in the next show.
Apple’s Co-Founder and Chief Executive Steve Jobs is the “ultimate CEO who matters,” according to a ranking by Barron’s magazine. The annual ranking of top CEOs from around the world seeks to identify the corporate leaders who have top-notch reputations in the financial community and would be missed by investors if they unexpectedly left their jobs.
Google has formed a political sales team that has held discussions with with political and advocacy group consultants to discuss ways Google can help these groups with their campaigns, according to a report in the Los Angeles Times.