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Curiouser and curiouser...
The battle for Dow Jones and the Wall Street Journal keeps getting more intriguing. Word this morning is that GE and a company called Pearson could make a joint bid for Dow Jones. Pearson owns the Financial Times of London. So, if the deal were to go through, the FT, the Journal, CNBC and the Dow Jones newswires would all be under one roof. So what's GE's interest? It's trying to protect its CNBC franchise as Fox News owner Rupert Murdoch, who's already made a bid for Dow Jones and the Journal, prepares to start up his own financial news channel.
Posted on June 18, 2007 4:27 AM PT | Permalink
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