Michael Price Presses Dow Jones On Telerate: Find A Partner Or Divest It

The powerful investor Michael Price, who has accumulated 4.6 per cent of Dow Jones & Co.'s common stock, urged Dow Jones management last week to either find a partner to help run Telerate or sell it.

Pressure from Price, who almost single-handedly forced last year's merger of Chase Manhattan and Chemical Bank, comes on the heels of the company's highly publicized $650 million plan to reinvent Telerate.

In a telephone interview Price said Dow Jones should unload the unit or find a partner "because