Tuesday, July 17, 2007

News Corp. in tentative deal to buy Dow Jones - The Boston Globe

Can't say I'm thrilled about this prospect, as a wsj.com subscriber  for the last 11+ years. 

Murdoch has long wanted to own the Journal, which has won many prizes for editorial excellence. He has denied making plans for major cuts, instead saying he would invest in its online and overseas operations and tap the company's resources to help build a business cable news channel that would rival General Electric Co.'s highly profitable CNBC network. The channel, to be called the Fox Business Network, is to debut on Oct. 15.

News Corp. in tentative deal to buy Dow Jones - The Boston Globe

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