CNBC woes - am I alone in my anger?
- Thread starter rickf
- Start date
It's two random women I found on google image that have bigguns.
(I just googled busty women. Make sure you have safe search filter on, unless you're a true perv.
)
Back to genuine TV script readers, albeit in-training.
One reason why CNBC is nervous about the anticipated big debut of the Fox Business Channel
- International style:
One reason why CNBC is nervous about the anticipated big debut of the Fox Business Channel
- International style:
News Corp. makes unsolicited bid for Dow Jones
Tue May 1, 2007 1:00PM EDT
NEW YORK (Reuters) - News Corp. has made an estimated $5 billion bid to buy Dow Jones & Co. Inc., owner of the Wall Street Journal, Dow Jones said on Tuesday, in a deal that would make media mogul Rupert Murdoch a major player in global financial news.
Dow Jones' board of directors and trustees of the controlling Bancroft family are evaluating the unsolicited $60-a-share bid to buy out all shares outstanding of Dow Jones common stock and Class B stock in cash, or in a combination of cash and News Corp. stock, Dow Jones said.
News Corp. could not immediately be reached for comment.
Dow Jones shares rose more than 50 percent in composite trading, while News Corp. shares fell 2.6 percent. Trading in Dow Jones stock was halted on the New York Stock Exchange.
Owning Dow Jones would give Murdoch financial news clout ahead of his planned fourth-quarter launch of a business news cable channel.
He aims to replicate the success News Corp. has had with its Fox cable news, which remains the top rated cable news channel.
"This gives him instant credibility, instant content, instant brand name," Benchmark Co. analyst Ed Atorino said.
The deal values Dow Jones' enterprise value -- its market value plus debt minus the cash it holds -- at a lofty 15 times estimated 2007 earnings before interest, tax, depreciation and amortization, well ahead of the newspaper group's average 8 to 10 valuation, Atorino said.
A Dow Jones purchase would dent top-rated General Electric-owned CNBC cable business news network's leading position in cable television business news, one News Corp. investor said.
"CNBC relies very heavily on the Wall Street Journal," said the investor, Larry Haverty, associate portfolio manager at Gamco. "This is a shot at the bell against CNBC."
CNBC reported the bid earlier today.
http://www.reuters.com/article/busi...0107_1322_TOPSTORY_murdoch_bids_for_dow_jones
Tue May 1, 2007 1:00PM EDT
NEW YORK (Reuters) - News Corp. has made an estimated $5 billion bid to buy Dow Jones & Co. Inc., owner of the Wall Street Journal, Dow Jones said on Tuesday, in a deal that would make media mogul Rupert Murdoch a major player in global financial news.
Dow Jones' board of directors and trustees of the controlling Bancroft family are evaluating the unsolicited $60-a-share bid to buy out all shares outstanding of Dow Jones common stock and Class B stock in cash, or in a combination of cash and News Corp. stock, Dow Jones said.
News Corp. could not immediately be reached for comment.
Dow Jones shares rose more than 50 percent in composite trading, while News Corp. shares fell 2.6 percent. Trading in Dow Jones stock was halted on the New York Stock Exchange.
Owning Dow Jones would give Murdoch financial news clout ahead of his planned fourth-quarter launch of a business news cable channel.
He aims to replicate the success News Corp. has had with its Fox cable news, which remains the top rated cable news channel.
"This gives him instant credibility, instant content, instant brand name," Benchmark Co. analyst Ed Atorino said.
The deal values Dow Jones' enterprise value -- its market value plus debt minus the cash it holds -- at a lofty 15 times estimated 2007 earnings before interest, tax, depreciation and amortization, well ahead of the newspaper group's average 8 to 10 valuation, Atorino said.
A Dow Jones purchase would dent top-rated General Electric-owned CNBC cable business news network's leading position in cable television business news, one News Corp. investor said.
"CNBC relies very heavily on the Wall Street Journal," said the investor, Larry Haverty, associate portfolio manager at Gamco. "This is a shot at the bell against CNBC."
CNBC reported the bid earlier today.
http://www.reuters.com/article/busi...0107_1322_TOPSTORY_murdoch_bids_for_dow_jones
Since CNBC has a working relationship with Dow Jones,
what will happen to the syndicated weekly televised
Wall Street Journal Report with Maria Bartiromo
if News Corp/Fox News is ultimately successful in buying DJ?
Why journalists (and shareholders) should cheer Murdoch
by Adam Lashinsky, FORTUNE, CNNMoney.com, April 1, 2007
... "... I was reminded why journalists are so smitten with Murdoch, even the ones who disagree passionately with his politics. The guy loves journalism. I mean, he really loves the give and take, the analysis, the insight, the nasty fights and so on. The same stuff journalists love. Heâs also passionate about business, which is why he never has made a secret about coveting The Wall Street Journal, in his â and everyone elseâs view â the class act of daily business journalism in the English language. He has watched the Journal maintain its greatness, even as it demeans itself with a smaller size and endless lifestyle stories. Not that Murdoch judges. His papers publish the lowest of the low and the highest of the high. The Journal would find its place at the top of the News Corp. (NWS) heap."...
http://gowest.blogs.fortune.com/200...ders-should-cheer-murdoch/?source=yahoo_quote
http://ca.askmen.com/men/business_politics/27b_rupert_murdoch.html
... Murdoch's $5 Billion Bid for Dow Jones Faces Tough Going As Bancrofts Oppose Deal
By Seth Sutel, AP Business Writer, Wednesday, May 2, 2007
NEW YORK (AP) -- Rupert Murdoch hasn't shied from fights as he built News Corp. into a global media empire. But his surprise $5 billion bid for Dow Jones & Co., publisher of The Wall Street Journal, faces tough sledding after the company's controlling shareholders said they would block it.
Murdoch has long admired the Journal, and his ownership of it would mark a capstone in the career of the 76-year-old Australian-born executive, who is arguably the most powerful media mogul on the planet.
His proposal to buy Dow Jones would also dovetail with News Corp.'s plans to launch a business-oriented cable news channel to rival CNBC, but the offer ran into trouble Tuesday when the Bancroft family, which controls the shareholder vote of Dow Jones, said it would oppose the deal.
... "Peter Kreisky, president of Kreisky Media Consultancy, said Dow Jones has 'blaringly underleveraged assets' that could be turned around by someone like Murdoch, and that Dow Jones' current management has been 'very risk-averse to leveraging their brand.' "
... "The prospects of ownership by Murdoch faces significant opposition within Dow Jones. The union representing its employees, the Independent Association of Publishers' Employees, issued a statement Tuesday saying that Murdoch 'has shown a willingness to crush quality and independence, and there is no reason to think he would handle Dow Jones or the Journal any differently.' "...
http://biz.yahoo.com/ap/070502/news_corp_dow_jones.html?.v=9