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RUPERT MURDOCH, when asked what would happen to the Wall Street Journal if he were to take over Dow Jones...
...Boston boardinghouse owner Jessie Barron bought Dow Jones & Co., publisher of the Wall Street Journal, with a down payment of $2,500. She did this at the behest of her longtime boarder and not-so-longtime second husband, financial writer Clarence Barron. But Mrs. Barron really was the owner, and when she died in 1918, her majority share passed to her daughter by her first marriage, Jane Bancroft...
...media titan Rupert Murdoch to buy Dow Jones & Co., publisher of the Wall Street Journal, is big news on numerous fronts. There's the money, of course. He is offering $5 billion for a company whose shares fetched just $3 billion before word of his bid leaked out on May 1. Also important is the signal that he's very serious about his Fox Business Channel, which is due to launch later this year and would get a big boost from the Journal--and Dow Jones--brand...
...several reasons, this deal may be one of a kind. First, there is the perfect fit of the Journal and Dow Jones brands into the next big venture for Murdoch's News Corp. Having built Fox News into a 24-hour cable news giant, Murdoch is moving into the business news sector, challenging CNBC. The content, expertise and reputation of the Dow Jones properties - including Barron's and the various global Wall Street Journal editions - give him instant muscle for that fight...
...Dow Jones stock price languished? It's a long story. The company took a well-deserved hammering for its failure to dominate the desktop analysis business, opening the door for Michael Bloomberg. That fiasco had no sooner passed into history than the entire newspaper sector began to sag. Dow Jones hasn't had a fair shot in years to show how strong its core business might become...