Recent Blog Posts
-
The $4.5 Billion Dollar Bank Run
Nov 07 201111:20 am EDT -
The Times' Rorshach Geithner Story
Apr 27 20099:26 am EDT -
Sinking Animal Spirits
Apr 27 20098:45 am EDT -
Counter-cyclical Urban Policy
Apr 26 200910:00 am EDT -
Be Your Own Counterfeiter
Apr 26 20099:36 am EDT -
Being Tim Geithner
Apr 25 200912:37 pm EDT -
Notes From a Press Conference Naif
Apr 25 20099:41 am EDT -
What Good is the News?
Apr 25 20098:32 am EDT -
Stressful Enough
Apr 24 20092:29 pm EDT -
Not Regretting the Pound
Apr 24 20091:09 pm EDT
Links
- Felix Salmon

- DealBreaker

- Ryan Avent: The Bellows

- The Epicurean Dealmaker

- Chris Anderson

- Ultimi Barbarorum

- MarketBeat

- Michelle Leder

- John Quiggin

- The Panelist

- Andrew Leonard

- Streetsblog

- Brad Setser

- Michael Mandel

- Financial Crookery

- Kash Mansori

- Dean Baker

- Calculated Risk

- Free Exchange

- Curbed

- Lance Knobel

- Econospeak

- Carbon Tax Center

- Overcoming Bias

- Mark Thoma

- Naked Capitalism

- Alphaville

- Barry Ritholtz

- Alexander Campbell

- The Bayesian Heresy

- Brad DeLong

- DealBook

- Greg Mankiw

- Deal Journal

- FP Passport

- Carl Bialik

- Marginal Revolution

- A Fistful of Euros

- Dan Gross

Murdoch: "Everything is Done"
Reuters managed to snag a quick interview with Rupert Murdoch in Warsaw, of all places, where he's meeting the prime minister (natch) and relaunching a television station. "Everything is done. We are just waiting for a final approval of the Bancroft family," Murdoch said – and given the twists and turns this bid has been through, I'm inclined to believe that when Rupert says everything is done, then everything is, indeed, done. The interview cleared up all the other key questions, too:
"The final approval is in the next two, three week's time or not at all," he said.
Asked if his company, News Corp., planned to raise its bid, Murdoch said: "No."
Given all the fuss that the Bancroft family has made over the issue of editorial independence, I can't see how they're going to be able to ask for more money to boot – especially with no interest in Dow Jones from anybody other than News Corp.
Matthew Karnitschnig of the WSJ says that a large chunk of the family's votes already seems to be sewn up:
Some in the family believe that Denver law firm Holme Roberts & Owen LLP, which oversees trusts with 8.9% of the overall voting power, will vote in favor of a deal. If that holds true, Mr. Elefante would need to deliver less than half of the family's remaining vote to guarantee a sale.
With no reports of hardened opposition to the deal within the Bancroft family, it's hard to see them blocking a deal now.
Comments
If you are commenting using a Facebook account, your profile information may be displayed with your comment depending on your privacy settings. By leaving the 'Post to Facebook' box selected, your comment will be published to your Facebook profile in addition to the space below.




