Founder of Former MySpace Parent Company, Brad Greenspan Interested In Dow Jones As Well

Dow Jones LogoBrad Greenspan, the former President of eUniverse (later renamed Intermix Media Inc.), sent a letter to Dow Jones & Company Inc. today stating that he has 5 investors interested in a transaction with him for ownership in The Wall Street Journal.

Greenspan mentioned in the letter that a possible result of the transaction can include a joint venture.  Through the join venture, three new businesses could be created called WSJUSLIve, WSJAsiaLive, and WSJEuropeLive.  Greenspan would also drive for WSJ content to be delivered in video forms as well.  The five groups and Greenspan would invest $300 million in cash.

In reference to News Corp.’s bid for Dow Jones, Greenspan stated, “It is not too late for the directors to fulfill their fiduciary responsibility to shareholders and initiate a true sales process.”  According to Wikipedia, Greenspan published “The MySpace Report,” which claimed that News Corp. unfairly determined the valuation of MySpace.  MySpace was owned by Intermix before the acquisition.

[1] Thomson Financial: Greenspan has more Dow Jones support (via
[2] Wikipedia: MySpace – Brad Greenspan / The MySpace Report

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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