Media 01 May 2007 01:52 pm

News Corp. Wants to Buy Dow Jones

by Sean Hackbarth

News Corp. (NWS) owns the New York Post, one of the few American newspapers improving its circulation. Dow Jones (DJ) owns another one, The Wall Street Journal. News came out that News Corp. wants to buy Dow Jones for $5 billion.

I bet you wish you owned Dow Jones stock this morning. It shot up to $57 dollar/share on the news.

News Corp.’s bid might ignite a bidding war for Dow Jones.

The deal makes a lot of sense for News Corp. The Post and WSJ can combine printing and back office operations to bring the tabloid into the black. There’s also the upcoming Fox Business Channel which could use the WSJ’s cachet.

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One Response to “News Corp. Wants to Buy Dow Jones”

  1. on 01 May 2007 at 2:00 pm 1.Certain Newspapers Defying Subscription Decline » The American Mind said …

    [...] UPDATE: News Corp. wants to buy Dow Jones for $5 billion. Both the NY Post and the Wall Street Journal are increasing circulation. A united newspaper front should scare competitors. Save and Share: These icons link to social bookmarking sites where readers can share and discover new web pages. [...]

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