Friday, June 1, 2007

The Future of Conservative Journalism

Dow Jones family to consider sale

The family that controls the Dow Jones media group has said for the first time that it will consider selling the firm to Rupert Murdoch's News Corporation.

The Bancroft family, which controls 64% of Dow Jones' voting rights, said it would also look at any forthcoming rival offers.

News Corporation made its $5bn (£2.5bn) bid at the start of May, but the Bancrofts have not commented until now.

Dow Jones owns the Wall Street Journal and other newspaper titles.

URL: Dow Jones family to consider sale

Yes you are reading this correctly. The same corporation that owns the Fox News Network could own the Wall Street Journal. Just imagine. plk

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