A Class (B) Act
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Created by Ira Krakow
DESCRIPTION:

Date updated:05-18-2007

The May 28, 2007 issue of Business Week, on Page 12, has a list of companies in which a small number of people control a large percentage of the company. What this means is that, as in the case of the proposed Dow Jones takeover by Rupert Murdoch, these few people, such as the Bancroft family in the case of Dow Jones, can nix the deal.

Control is retained by a separate, supervoting class of stock, sometimes (but not always) designated as "Class B".

symbol name last price % change open
  • +
  • DJ
    Dj
  • $0.00
  • N/A
  • $N/A

76% of the company is privately held - by at least 35 members of the Bancroft family. The Bancroft family's super shares have 10 times the voting power of the Class A shares. The family is not voting as a unit - about 80% of the family's shares are in the No column - so far.

People owning DJ also tend to own: AMCCHPQMCDWENCDEDIVXF

TheStreet.com Rating: No Rating What is this?

  • +
  • F
    Ford Motor Co
  • $7.75
  • +4.03%
  • $7.40

The Ford family owns 40% of the voting shares. There are rumors, denied by a family spokesman, that they're open to selling.

People owning F also tend to own: HANSDRLTXNANNAUYBACBHI

TheStreet.com Rating: C- What is this?

  • +
  • NYT
    N Y Times Cl A
  • $8.17
  • -1.09%
  • $7.97

The Ochs-Sulzberger family owns 70% of the company. From the Wikipedia article: The Ochs-Sulzberger family, one of the country's great newspaper dynasties, have owned the Times since 1896. After the publisher went public in the 1960s, the family continued to exert control through its ownership of the vast majority of Class B voting shares. Class A shareholders cannot vote on many important matters relating to the company, while Class B shareholders can vote on all matters.

People owning NYT also tend to own: WMTYHOOAACCAERTVLOBPOPMO

TheStreet.com Rating: D What is this?

  • +
  • MDP
    Meredith Cp
  • $27.86
  • -1.35%
  • $28.09

The family of the late E. T. Meredith III -- grandson of the company's founder -- controls 71% of the company. Meredith is based in Des Moines, Iowa. They publish Parents, Child, Fitness, and Family Circle, Better Homes and Gardens, Ladies Home Journal, and other magazines, and own a number of TV stations.

People owning MDP also tend to own: ATRICCJCCRTCOPEMEETREXC

TheStreet.com Rating: C- What is this?

  • +
  • CVC
    Cablevision Syste
  • $24.73
  • +0.32%
  • $24.37

The Dolan Family (Charles, James, and Patrick), own 73% of the company. Cablevision owns the Madison Square Garden arena in New York City, including the professional sports teams that play there—the New York Knicks, New York Rangers, and New York Liberty. The same company also owns the Hartford Wolf Pack, a minor-league professional hockey team affiliated with the Rangers, and operates (but does not own) two Connecticut sports venues, the Hartford Civic Center Coliseum and Rentschler Field. Cablevision's sports holdings also include TV rights for the Knicks, Rangers, Liberty, New York Islanders, New Jersey Devils and Red Bull New York. These games are aired on their MSG Network and FSN New York cable channels. Cablevision previously had the rights to the New York Yankees, New Jersey Nets and New York Mets, who left to start their own channels. Cablevision previously attempted to purchase the Yankees, Mets and Boston Red Sox, in part, to control their broadcast rights. Cablevision also owns Fox Sports Net affiliates in other markets.

People owning CVC also tend to own: AAPLADIAMDBRCMCSCOGOOGMOT

TheStreet.com Rating: C- What is this?

  • +
  • GOOG
    Google Inc.
  • $551.10
  • +0.45%
  • $547.72

Co-founders Larry Page and Sergey Brin, and the chief executive Eric Schmidt ­ hold a privileged class of stock that gives them 76% of the voting power.

People owning GOOG also tend to own: AAPLAMDCSCODELLIBMINTCMSFT

TheStreet.com Rating: B What is this?

  • +
  • GOOG
    Google Inc.
  • $551.10
  • +0.45%
  • $547.72

Co-founders Larry Page and Sergey Brin, and the chief executive Eric Schmidt ­ hold a privileged class of stock that gives them 76% of the voting power.

People owning GOOG also tend to own: AAPLAMDCSCODELLIBMINTCMSFT

TheStreet.com Rating: B What is this?

  • +
  • EL
    Estee Lauder Cos
  • $46.75
  • +1.26%
  • $46.10

The Lauder family (Ronald, Aerin, Leonard, and William) control 88% of this world renowned cosmetics company. Ronald, through the Estee Lauder Foundation, is involved with many Jewish charitable organizations, including a successful effort to reestablish Jewish communities in central and Eastern Europe.

People owning EL also tend to own: AAPLADBEAGNAMGNAPACHKCMCSK

TheStreet.com Rating: B What is this?

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Start Price

Return Value

Start Date

DJ 52.95 ------ May 18th
F 8.69 -10.82% May 18th
NYT 24.60 -66.79% May 18th
MDP 60.53 -53.97% May 18th
CVC 35.38 -30.10% May 18th
GOOG 470.32 +17.18% May 18th
EL 47.00 -0.53% May 18th
RL 94.56 -17.52% May 18th
MSO 18.27 -71.92% May 18th
FLWS 8.18 -62.96% May 18th

Average return:

-33.05%

Success rate:

11.11%

Tracking Started: 05-18-2007

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