Breaking: Murdoch bids $5B for Dow Jones Update: rejected

posted at 4:43 pm on May 1, 2007 by Bryan

Here’s the story. Rupert Murdoch was just on FNC’s Your World with Neil Cavuto to discuss the proposal. Stand by for video. GE’s former chairman Jack Welch just called the proposal “brilliant.”


Update (Michelle): Stephen Spruiell looks at potential regulatory obstacles.

Update: The Bancroft family, majority owners of Dow Jones and therefore the WSJ, have rejected the bid.

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The union representing Dow Jones employees, the Independent Association of Publishers’ Employees, was harshly critical of the prospect of being owned by Murdoch, and issued a statement saying that Murdoch’s bid was opposed by the staff “from top to bottom.”

Shocking! A union opposed to being affiliated with Fox? Who would have thought?

Gregor on May 1, 2007 at 4:53 PM

MWAHAHAHAHAAA!!!! Fear the VRWC! We’ll OWN the stock market soon enough!!! Be afraid liberals, be very afraid!!

Dunno.

Bad Candy on May 1, 2007 at 4:56 PM

Also, the New York Times Co., which like Dow Jones and several other newspaper companies is controlled by a family through a special class of shares, is facing investor unrest over its own sluggish financial performance.

Now, if only Murdoch would buy the New York Times. Heh. Nationwide liberal suicides.

Gregor on May 1, 2007 at 4:56 PM

With this purchase the stage for the ’08 election is beginning to take shape. The candidates are one thing, but the desemination of information, political ads and general propoganda, will be Murdock vs. Soros. Very interesting…….

P. James Moriarty on May 1, 2007 at 5:08 PM

God keep this man safe and healthy for a very very very long time.

Limerick on May 1, 2007 at 5:13 PM

Just as long as we keep Google or Starbucks from buying them.

Tim Burton on May 1, 2007 at 5:33 PM

The problem with this is that Islamist, America-hating Saudi billionaire Prince AlWaleed Bin Talal owns at least 6% of Murdoch’s NewsCorp. He bragged that, with a single phone call, he got FOX News Channel to change its coverage of the Muslim riots in France, by calling them “civil” riots instead of “Muslim riots,” which is what they were. How will his influence on FOX News’ news coverage be mirrored in the Wall Street Journal? That’s NOT a good thing.

Will AlWaleed call the WSJ every time he doesn’t like something? If he didn’t like FNC’s coverage of the French riots, he certainly won’t like the WSJ’s coverage of the same issues.

Debbie Schlussel on May 1, 2007 at 5:34 PM

Brilliant indeed. No doubt Dow Jones’ resources and content would mesh nicely with Murdoch’s plans for the Fox Business Channel launching later this year.

CP on May 1, 2007 at 5:46 PM

How did Cavuto score that “get” with Murdoch?

Nonfactor on May 1, 2007 at 5:50 PM

P. James Moriarty on May 1, 2007 at 5:08 PM

Interesting observation.

infidel4life on May 1, 2007 at 6:15 PM

I bid 5 billion 1 dollar! Take that Rupert! You take Master Card Mr Jones?

Drtuddle on May 1, 2007 at 6:35 PM

MWAHAHAHAHAAA!!!! Fear the VRWC! We’ll OWN the stock market soon enough!!! Be afraid liberals, be very afraid!!

Dunno.

Bad Candy on May 1, 2007 at 4:56 PM

It won’t be long now, I can taste it!!! Soon we’ll have a police state and everyone will be forced to read the Bible every day or die! I just wish I could sit in on the Illuminati meetings with Murdoch, Bushco, the Council on Foreign Relations, PNAC, The Bilderbergers, that big owl they worship with mock human sacrifices at the Bohemian Grove, and of course Satan. Okay, the Satan part was (kind of) a joke, but the conspiracy theorists actually believe the rest. GOOGLE IT!

RightWinged on May 1, 2007 at 6:35 PM

but the conspiracy theorists actually believe the rest. GOOGLE IT!

How could you forget the Jews? And the secret Jews?

Keljeck on May 1, 2007 at 6:38 PM

How could you forget the Jews? And the secret Jews?

Keljeck on May 1, 2007 at 6:38 PM

Because the Joos are really controlling all of those others I mentioned and I’d be killed if I expos….. adjsflk;anv av;’klja help! afdas ;l n

RightWinged on May 1, 2007 at 7:08 PM