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08-01-2007, 02:56 PM
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Murdoch to buy Dow Jones
It seems that Rupert Murdoch has won over most of the Bancroft family and is even closer to buying “Dow Jones & Company”. Of course, the buy comes at a great price - $5 billion to be exact.
Mr. Murdoch currently owns News Corporations (which includes the Fox television network, MySpace.com and over 100 newspapers). If he is able to buy Dow Jones & Company, he will also control the Wall Street Journal, the Dow Jones Industrial Index and Barron’s. Why is the Bancroft family selling their long held company (founded in 1882) to a man that they do not like? Unfortunately, they are bankrupt. If this buy out goes through, do you think the Wall Street Journal will change the way it reports? http://www.nytimes.com/2007/08/01/business/media/01cnd-dow.html?hp 
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