Sunday, July 8, 2007

*Updated: Dow Jones board to meet Monday with LA's Ron Burkle

According to Financial, they will meet to discuss Burkle's interest in buying the company.

Burkle's Yucaipa Company was recruited by the Guild to enter the sale process on behalf of its members at Dow Jones.

Could Brad Greenspan be far behind?

* Today's (7/9) NYT reported that if Murdoch's bid falls through, "declining advertising will mean significant cuts in The Journal’s newsroom staff, according to senior editors and a person close to Dow Jones management ..."

Some of these people say that if Mr. Murdoch’s offer had not put other considerations on hold, the news staff would have been trimmed already.

If Dow Jones remains independent, a reduction in the size of the news staff will probably begin within a few months, and will most likely take the form of buyouts rather than layoffs, these people said. Some jobs might be eliminated even if the deal goes through, they said, though Mr. Murdoch has signaled that he would increase the staff over all.
(end of post)

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