Dow Jones goes to… Rupert Murdoch
The Associated Press (AP) reported that the board of Dow Jones & Co. approved Rupert Murdoch’s $5 billion buyout offer. The deal will expand Murdoch’s media and entertainment empire. Dow Jones & Co. is the publisher of The Wall Street Journal, a must read for business.
The AP report also reported that Thomas Walker, who worked on the global copy desk at The Wall Street Journal, said that he was quitting rather than see the paper sold to Murdoch. “I don’t want to work for the man,” he said.
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What do you think?