"Dow Jones CEO Richard Zannino is expected to announce his resignation Thursday afternoon, one week before Rupert Murdoch is set to assume official control of the company and its storied Wall Street Journal...." [Newsweek]
"Richard Zannino, the chief executive of Dow Jones, prepared the way yesterday for job cuts at the company after its $5.2bn acquisition by Rupert Murdoch's News Corp. In a letter to employees of Dow Jones, publisher of the Wall Street Journal, Mr Zannino said the main goal of News Corp's $5bn acquisition was to…
Bancrofts Meet , Murdoch Cuts
"Tuesday," reports the Wall Street Journal, "Richard F. Zannino, the chief executive of Dow Jones, sent a note to employees saying the intense coverage of the News Corp. offer 'is finally showing signs of abating as there have been no significant new developments in recent days.'" That came, of course, in the wake…
Rupert Murdoch Loves Dow Jones, Whitefish
Today in the "Rupert Murdoch wants Dow Jones" story that will not die: Apart from the aforementioned Wall Street Journal profile of the Bancroft family—who, you'll recall, have a controlling interest in Dow Jones—there's a Tim Arango piece in Fortune that examines how the family's lust for dividends has "starved Dow…
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