"The wooing game is over and Rupert Murdoch has won (as he has made a habit of
doing during his career). The New York Times reports that Murdoch now has
'enough support from the deeply divided Bancroft family to buy Dow Jones &
Company, publisher of The Wall Street Journal and one of the world’s most
respected news sources, for $5 billion'. His News Corp. empire is both vast and
eclectic notes the Washington Post and includes 'the Times of London, 'American
Idol,' 'The Simpsons Movie,' Fox News Channel, MySpace, National Geographic
television and a British tabloid that prints photos of topless women'. We assume
the new Journal's Page 3 pics will be illustrated, keeping with tradition at
least."
This is a great win for Murdoch. He is going to use this to launch his own business channel that he is planning to compete against CNBC.
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