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Report: News Corp. Bids for Dow Jones (Murdoch bids for Wall Street Journal-On Drudge)
AP ^
| 5-1-07
| Staff
Posted on 05/01/2007 9:04:07 AM PDT by Anti-Bubba182
NEW YORK (AP) - Shares of Dow Jones & Co., publisher of The Wall Street Journal, soared almost 60 percent on Tuesday after the financial news network CNBC reported that Rupert Murdoch's media company News Corp. offered to buy the company for $60 a share.
After opening at $37.12, the shares jumped $20.95. or 58 percent, to $57.28 before being halted on the New York Stock Exchange for news pending. They had traded in a 52-week range of $32.16 to $40.08 before Tuesday's news.
Spokesmen for Dow Jones and News Corp. did not immediately return calls seeking comment.
Dow Jones is controlled by the Bancroft family through a special class of shares and cannot be taken over without their consent.
TOPICS: Front Page News; News/Current Events
KEYWORDS: murdoch; third; wallstreetjournal
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This story in Big Type on Drudge. It would be big if Murdoch gets the WSJ, but there is that 'family' class of Stock like they have in the NY Times to get by.
To: Anti-Bubba182
Seems unusual that somebody can own a market. But, since the XIVth Amend anything is possible.
2
posted on
05/01/2007 9:06:19 AM PDT
by
RightWhale
(Repeal the Treaty)
To: Anti-Bubba182
Hopefully he’ll get more balance on the news pages.
To: RightWhale
Can’t be worse than the Sulzbergers.
To: Anti-Bubba182
The Foxification of TWSJ cannot be a good thing....
5
posted on
05/01/2007 9:10:07 AM PDT
by
clintonh8r
(It is better to be feared than to be respected.)
To: clintonh8r
To: Anti-Bubba182
And the New York Times building was just bought by an Israeli.... LOL
To: Paleo Conservative
Hopefully he’ll get more balance on the news pages.Murdoch could take it national and compete with USA Today for the business traveler crowd.
8
posted on
05/01/2007 9:15:33 AM PDT
by
Erik Latranyi
(The Democratic Party will not exist in a few years....we are watching history unfold before us.)
To: Anti-Bubba182
9
posted on
05/01/2007 9:19:52 AM PDT
by
syriacus
(In the 40's, Truman abandoned S. Korea. In the 50's, 33,000 Americans died to free S Korea)
To: clintonh8r
The Foxification of TWSJ cannot be a good thing.... But just imagine the page of fine print missing blonde co-ed statuses like the stock prices are now. (Who uses a newspaper for stock prices anyway?)
10
posted on
05/01/2007 9:20:59 AM PDT
by
KarlInOhio
(Parker v. DC: the best court decision of the year.)
To: Anti-Bubba182
That so funny
MSN Media would go nuts if Murdoch buy WSJ LOL!
11
posted on
05/01/2007 9:22:28 AM PDT
by
SevenofNine
("We are Freepers, all your media belong to us, resistence is futile")
To: Anti-Bubba182
Murdoch has left a trail of destroyed newspapers around the world. The WSJ has been a realy great newspaper. Newcorp will put an end to that.
12
posted on
05/01/2007 9:24:18 AM PDT
by
balls
(Religion is the root of all evil)
To: Anti-Bubba182
Just confirmed on Fox News.
To: balls
"Murdoch has left a trail of destroyed newspapers around the world...."
Such as?
To: Anti-Bubba182; aculeus; Billthedrill; martin_fierro; Constitution Day; Petronski; ...
.
Analysts Credit Page 3 Girls for ‘Appealing’ WSJ Figures
15
posted on
05/01/2007 9:39:50 AM PDT
by
dighton
To: Anti-Bubba182
I really don't want the print equivalents of O'Reilly, Rivera, Colmes (and, yes, Hannity too), Shep Smith, Greta, etc., etc., contaminating the pages of my beloved TWSJ.
Hands off, Rupert! I like the New York Post, but one of those is enough.
16
posted on
05/01/2007 9:39:52 AM PDT
by
clintonh8r
(It is better to be feared than to be respected.)
To: Anti-Bubba182
Can you imaging having Fox news babes doing WSJ reports LOL!
17
posted on
05/01/2007 9:42:14 AM PDT
by
SevenofNine
("We are Freepers, all your media belong to us, resistence is futile")
To: clintonh8r
I agree with you. WSJ is one of the few really solid newspapers left around. Frankly, if it ain’t broke, don’t fix it.
To: clintonh8r
What makes you think Murdoch will change it that much as long as the circulation figures are good?
To: Anti-Bubba182
I see him going for some kind of strategic tie-in with the new Fox Financial Network.
20
posted on
05/01/2007 9:59:49 AM PDT
by
Erasmus
(This tagline on paid leave, pending investigation of its insider transactions.)
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