Dow Shareholder Duels Murdoch

By Peter Fearon

Posted May 7, 2007 6:51 AM CDT

Copied

Dow Shareholder Duels Murdoch — Co., publisher of The Wall Street Journal, is now firmly in play, even after the controlling Bancroft family turned thumbs down to a $5 billion bid from Rupert Murdoch. (AP Photo/Mark Lennihan, File) (Associated Press)

A powerful shareholder in Dow Jones is opposing Rupert Murdoch's takeover bid, saying the tabloid publisher would destroy the Wall Street Journal's integrity. James Ottaway Jr. said Murdoch "has for a long time expressed his personal, political and business biases through his newspapers and television channels."

Ottaway, whose holdings translate into 5.2% of overall voting power, specifically suggested Murdoch would subvert the Journal's critical China coverage to promote his cozy relationshiop with the Chinese government, as he has done in other outlets. A Murdoch spokesman said the statement is based on "tired misconceptions and clichés."

Read These Next

Sydney Sweeney is at the center of a controversy yet again.
During a stormy takeoff in Maine, plane ends up 'upside down.'
Crew dealing with an allegedly unruly passenger had to get creative.
Canada's Mark Carney is standing by his big Davos speech.

Report an error