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Rupert Murdoch prevailed in his bid for Dow Jones. This article in the New York Times is wrong that he wanted it only for posterity sake. He bid high because he knows that he will be able to build a powerful franchise around it that will destroy CNBC, Bloomberg, Thomson, etc. He also can have a huge impact on the company's products by making them compelling and throwing out this holier-than-thou idea that somehow the Wall Street Journal has to be some stodgy, serious paper.

 

Submitted: Jul 31, 2007    Views: 372    Comments: 1    Likes: 2   


View Article: http://www.nytimes.com/2007/08/01/business/media/01carr.html?_r=1&h...


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Mass Market Tech
Mass_Market_Tech

Wow, I really didn't think this would happen. I guess Murdoch is the consumate business man/deal maker.

Posted: Jul 31, 2007



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