Tuesday, July 31, 2007

Murdoch Wins -- Dow Jones is His!

The Wall Street Journal confirmed today that News Corp's $5 billion bid for Dow Jones (including the crown jewel Wall Street Journal) was approved both by the Bancroft family and the News Corp board. If you are a subscriber to the Journal, its substantial analysis is a must read. If not, read the latest from the Los Angeles Times. At the end of the day, was there any real doubt that Murdoch would succeed?