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Latest Business News

Murdoch Offer Stuns Journal Newsroom

Tuesday, May 01, 2007 5:55:25 PM
By SETH SUTEL

NEW YORK (AP) - As head of the bargaining committee at Dow Jones & Co.'s union, longtime Wall Street Journal reporter E.S. "Jim" Browning has been focusing on health care costs and other contract issues. But news that Rupert Murdoch wants to buy the company was all he and many of his colleagues could talk about Tuesday.

While Murdoch's proposal faces rough going since Dow Jones' controlling shareholders said they would vote against it, that didn't stop talk of potential ownership by Murdoch's global media conglomerate News Corp. — which includes Fox News Channel, the Fox broadcast network and MySpace — from gripping the Journal's newsroom.

Browning, who has worked at the paper for 28 years and served as a correspondent in Europe and Asia, said groups of reporters could be seen gathering together to talk about the offer and huddling around televisions to soak up every news update they could.


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