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Riley W





Joined: 08 Jul 2007
Posts: 857
Reputation: 35.5Reputation: 35.5Reputation: 35.5Reputation: 35.5
votes: 10
Location: Manitoba

PostPosted: Wed Aug 01, 2007 2:40 am    Post subject: News Corp (FOX News) Wins Bid for Dow Jones! Reply with quote

NEW YORK ó Dow Jones & Co. (DJ) has entered into a definitive agreement to be purchased by News Corp. (NWS), the companies confirmed Wednesday morning.

After weeks of negotiations, members of the Bancroft family, which represent at least 32 percent of the voting shares of Dow Jones, have agreed to support the deal. The company is valued at $5 billion, or $60 a share. Another 29 percent of Dow Jones shares are publicly floated, and most analysts expect the overwhelming majority of those shares to be voted in favor of a deal.

The board of Dow Jones approved the proposed transaction on July 17, leaving the final ok to the Bancrofts, who control 64 percent of Dow Jonesís voting stock through ownership of a special class of shares.

The votes end what had been nearly four months of wrangling, infighting and controversy since News Corp. chairman Rupert Murdoch first broached the idea of acquiring Dow Jones, which publishes the Wall Street Journal, Dow Jones Newswires, SmartMoney, MarketWatch and Barronís. Murdoch suggested a deal in March during a meeting with Dow Jones Chief Executive Rich Zannino and made a formal offer to the board in April.

Continued here: http://www.foxnews.com/story/0,2933,291556,00.html

FOX has got another media outlet!

Let Conservatism rein!
cerl7011





Joined: 22 Feb 2007
Posts: 334
Reputation: 26.6Reputation: 26.6Reputation: 26.6

PostPosted: Wed Aug 01, 2007 9:16 am    Post subject: Reply with quote

I've said it before and I'll say it again...Yanquie sensationalist crap!

Why is it that all the good conservative media outlets are garbage?...

erl
Riley W





Joined: 08 Jul 2007
Posts: 857
Reputation: 35.5Reputation: 35.5Reputation: 35.5Reputation: 35.5
votes: 10
Location: Manitoba

PostPosted: Wed Aug 01, 2007 6:08 pm    Post subject: Reply with quote

cerl7011 wrote:
I've said it before and I'll say it again...Yanquie sensationalist crap!

Why is it that all the good conservative media outlets are garbage?...

erl


Its not garbage, I quite enjoy FOX News.

And if it was so bad would it really be the #1 cable news network?
Hasdrubal





Joined: 30 Oct 2006
Posts: 1112
Reputation: 66
votes: 5
Location: Nova Scotia

PostPosted: Wed Aug 01, 2007 6:33 pm    Post subject: Reply with quote

cerl7011 wrote:
I've said it before and I'll say it again...Yanquie sensationalist crap!

Why is it that all the good conservative media outlets are garbage?...

erl

There aren't any Cosnervative outlets on television that represents us in Canada, north of the border we are no better, infact we are worse with all the left leaning networks shutting us out. :evil:
truth4freedom





Joined: 14 Jan 2007
Posts: 255
Reputation: 23.7Reputation: 23.7
votes: 3
Location: Bible Belt USA!

PostPosted: Wed Aug 01, 2007 11:18 pm    Post subject: Reply with quote

It's a step in the right direction, but FOX News is still a spin mill. :roll:
Riley W





Joined: 08 Jul 2007
Posts: 857
Reputation: 35.5Reputation: 35.5Reputation: 35.5Reputation: 35.5
votes: 10
Location: Manitoba

PostPosted: Wed Aug 01, 2007 11:22 pm    Post subject: Reply with quote

Conservative are supposed to DEFEND FOX News!

Its fair because it gives OUR side a fair shot

Its balanced because it has left winger on their too like Alan Colmes, Kirsten Powers, etc.
Craig
Site Admin




Joined: 29 Aug 2006
Posts: 4415
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votes: 36

PostPosted: Wed Aug 01, 2007 11:57 pm    Post subject: Reply with quote

cerl7011 wrote:
I've said it before and I'll say it again...Yanquie sensationalist crap!

Why is it that all the good conservative media outlets are garbage?...


CNN does the exact same thing only poorly.

All news outlets are sensationalist. Nobody wants to read boring news anymore.
PostPosted: Thu Aug 02, 2007 7:37 am    Post subject: Reply with quote

westmanguy wrote:
cerl7011 wrote:
I've said it before and I'll say it again...Yanquie sensationalist crap!

Why is it that all the good conservative media outlets are garbage?...

erl


Its not garbage, I quite enjoy FOX News.

And if it was so bad would it really be the #1 cable news network?


I enjoy fox news channel only from 4pm to 10pm EST. That's all!
truth4freedom





Joined: 14 Jan 2007
Posts: 255
Reputation: 23.7Reputation: 23.7
votes: 3
Location: Bible Belt USA!

PostPosted: Thu Aug 02, 2007 10:52 pm    Post subject: Reply with quote

westmanguy wrote:
Conservative are supposed to DEFEND FOX News!



Special interests are a deal with the devil no matter who's side they pretend to be on. If you want real news try wnd.com.
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News Corp (FOX News) Wins Bid for Dow Jones!

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