did you all hear that Rupert Murdock tried to buy the DOW Jones

[greenbriar]

and they told him to fox off...


heard it on teh radio

[HiFructosePronSyrup]

1. I heard it was the WSJ.

But it was Garrison Keillor talking about it, so I assumed it was humor.

[MissB]

2. It is true. The Dow Jones ownes WSJ.

Owned by one family for (iirc) four generations. They were offered billions.

[MissB]

3. Here is a link. Watched this story last night on PBS.

http://www.pbs.org/newshour/bb/media/jan-june07/newscorp_05-02.html



JEFFREY BROWN: The latest potential shakeup in the newspaper world would be a big one: Rupert Murdoch's News Corporation has made a $5 billion takeover offer for Dow Jones & Company, parent of the Wall Street Journal.

Murdoch offered $60 per share, a 67 percent premium on the company's recent market value. Nevertheless, the family which has controlled Dow Jones for over a century, the Bancrofts, said it would oppose the deal.

The Wall Street Journal has the second-largest circulation in the U.S. and prints editions in Europe and Asia. It also has a successful Internet presence and is one of the few newspaper sites that charges users for its content. In addition to the Journal, Dow Jones also owns: Barron's, a financial weekly; the Dow Jones Newswire; and the MarketWatch Web site.

The company would become part of Murdoch's worldwide media empire, valued at some $70 billion. It includes the FOX television network, FOX News Channel, 20th Century FOX film studios, and the New York Post in the U.S., and newspapers and television networks abroad. Last year, News Corp. also bought the popular social networking Web site MySpace

[Cessna Invesco Palin]

4. Murdoch. n/t

[lpbk2713]

5. On Lou Dobbs last night ...

they said Rupert has been trying to acquire it for years to no avail.

[greenbriar]

6. could you imagine

rupurt wants to rule the world