Rupert Murdoch has succeeded with his $5 billion bid for Dow Jones, owners of the Wall Street Journal, according to sources acting for the Dow Jones board. Negotiations have been completed and the board is confident the terms of the deal will be accepted by the Bancroft family, which controls a majority of voting shares in Dow Jones, over the next few days. A formal announcement is expected next week. http://www.thebusinessonline.com/Document.aspx?id=F3C68A81-C541-4FA2-AC53-A3F052978B94
I thought the Bancroft family weren't going to sell to Murdoch. He must've made them an offer they couldn't refuse..
I hear he's gonna add a WSJ Page Six...now we can find out which bank manager is sleeping with who. there will stil be a mergers and acquisitons section but now it will focus on how many females CEOs acquire and merge with.
good. i hate both the wsj and rupert. so now i can consolidate my hate. i'll stick to the financial times.
well the one good thing about this is that the Chief Editor for both papers won't have to write two edits everyday anymore.
Well this just got interesting. Dow Jones is denying the sale. -- A spokesman with the company that owns the Wall Street Journal contested the accuracy of a Friday report from a British magazine that News Corporation Chairman Rupert Murdoch succeed in purchasing the most prestigious of American business newspapers. "That story is incorrect," said Howard Hoffman of Dow Jones Corporate Communications in a Monday morning phone call to RAW STORY. Dow Jones owns the Wall Street Journal in addition to a variety of other publications and news services. Hoffman declined to offer any further clarification of his remarks. http://rawstory.com/news/2007/Story_on_Murdoch_purchase_of_Wall_0706.html
FANTASTIC...We will permeate college campuses...we will propagandanize the liberal folk!...The editorial integrity will now be affirmed no doubt... I will be starting a subscribtion if the good news is true!....maybe...
Sorry to burst your bubble, but I doubt that Murdoch will share your Trumanesque, pro-union, progressive New Deal, multilateralist ideology. Maybe you should start reading "The Nation"
If your end of days bunker ever runs out of toilet paper, you will sure be glad you had the new WSJ to cover for you.
