MediaBuyerPlanner: Dow Jones has issued a statement disagreeing with reports that a deal has been agreed to between Dow Jones and Rupert Murdochs’s News Corp. and that all that remained was for the Bancroft family to sign off on the agreement.
However, Andrew Neil, the author of the original report which was first published in the British publication The Business, continues to claim that everything in the report was true, writes The New York Times. Neil says his co-author on the article, a reporter named James Forsyth, had spoken with Dow Jones about the statement refuting the report, and Dow Jones would not elaborate on the parts of the report which were supposedly incorrect.
Dow Jones board members are meeting today with Ron Burkle in the hopes of getting a rival to the News Corp. bid put into place, the Times reports. Finding a rival bid has been pushed by some members of the Bancroft family. People close to the situation believe the Burkle meeting will not be significant, however, because he likely does not have an offer to put on the table.
Related stories:
- Murdoch, Dow Jones Reach Agreement, Await Bancroft Approval
- Burkle Seeks Yahoo’s Help in Dow Jones Bid
- Tierney, Other Potential Dow Jones Bidders Surface
- Murdoch Meets with Dow Jones’s Bancrofts; Burkle Expresses Interest
- Prediction: Rupert to Meet, Melt Bancrofts Today
- Bancrofts Agree to Chat with Murdoch about Future of Dow Jones
- Dow Jones Investor Urges Bancroft’s to Sell
- Murdoch Acquisition of Dow Jones Could Threaten CNBC, Reuters
