EmptyJournal proposals coming
The Bancroft family, the controlling shareholder of Dow Jones & Co., was expected to submit to News Corp. as early as Monday new proposals for protecting the editorial independence of Dow Jones' flagship Wall Street Journal in case of an acquisition by News Corp. Citing sources familiar with the situation, the Journal said it was unclear if the changes would bridge differences between the Bancrofts and News Corp. chairman and CEO Rupert Murdoch. It said the family wants a special board to oversee the Journal, with the paper's newsroom having strong representation on it. A News Corp. spokesman declined comment.
TiVo slashes Series 3 price, falls
Shares of TiVo Inc. declined 3% on Tuesday to $5.82 as SMH Capital analyst David Miller maintained his "sell" rating on the stock, saying the company "deep-sixes prices again." In a report, Miller said TiVo has slashed the retail price for its Series 3 high-definition DVR from $799.99 to $599.99. "We are fairly certain that at this price point, when including the effects of marketing spending, TiVo is recognizing a slight marginal loss on each Series 3 unit," he said.