Murdoch ONE BIG STEP closer to owning WALL STREET JOURNAL. (Perhaps a done deal.)

[Dert Bagg]

Murdoch Seen to Win Control of Dow Jones

Rupert Murdoch, the apparent victor in the struggle for Dow Jones and Company.

By RICHARD PÉREZ-PEÑA and ANDREW ROSS SORKIN
Published: July 31, 2007


Rupert Murdoch appeared today to have gained enough support from the deeply divided Bancroft family to buy Dow Jones & Company, publisher of The Wall Street Journal, for $5 billion.

Family members and trusts representing about 32 percent of the shareholder vote indicated they would support Mr. Murdoch’s offer, though several details were still being worked out, according to people briefed on the matter.

***

At $60 a share, News Corporation is paying a heavy premium for a stock that traded around $36 before the offer became public on May 1.

The acquisition of The Journal, along with the planned introduction of the Fox business news channel by the News Corporation in October, makes Mr. Murdoch the most formidable figure in business news in the country.

http://www.nytimes.com/2007/07/31/business/media/31cnd-dow.html?_r=1&hp&oref=login
(May need subscription)

Damn. Damn. Damn. Jones!!!

 

[Simply_Black]

That dude owns over half of the top press and media companies in the USA, UK and Australia ( and possibly other countries ). It was also announced today that another of his companies BSKYB will buy out Alan Sugar's Amstrad company for £125 million. Talk about world media domination.

 

[Obadiah Plainman]

The power of money.

Originally the owners of the Wall Street Journal were absolutly against selling their family treasure. But over the past couple of months Murdoch's Kachinnnng!!!! must have changed their minds. I guess we can count on the Bancroft family heirloom to become FOX news in print.

You decide........

 

[D-Nice 1]

There are/will be plenty of reliable sources for information once the WSJ gets tainted at the hands of Murdoch.

The internet is still far too big to "own".

D-Nice 1 (The Nice One)

 

[chitownsfinest]

God help us all who read the WSJ.

"Fair and Balanced" my ashy Black ass!!!

-CTF

 

[Mr. Equator]

Should we break out the pitch forks & moltov cocktails now.....

 

[The Dark Mind]

Re: Murdoch ONE BIG STEP closer to owning WALL STREET JOURNAL. (Perhaps a done deal.

Now that's gangsta!