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Another suitor for the Journal?
All Dow Jones bets are off. The Wall Street Journal's parent company finally started to look like it might consider an offer from media mogul Rupert Murdoch, but the door is still wide open for other bidders. Enter Philadelphia Media Holdings? The owner of the Philadelphia Inquirer, Daily news and other papers has expressed an interest. CEO Brian Tierney says he doesn't think Murdoch's offer of $5 billion was too high and that if there is a formalized bidding process, they would take part — with other investors.
Posted on June 7, 2007 4:27 AM PT | Permalink
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