6.15.2007

Wall Street Journal Gets a New Suitor

Pearson, publisher of the Financial Times, and part owner of one of my favorites, The Economist is mulling a bid for Wall Street Journal publisher Dow Jones. They are attempting to form a consortium including Hearst Corp. and General Electric Co (owner of NBC, and MSNBC who seem to get many of their stories from the WSJ). It remains to be seen if Pearson and friends will be close to News Corp.'s $5 billion dollar bid.

As time passes on it becomes more apparent that Dow Jones will become part of a larger company's portfolio. I get a feeling that bidding will keep increasing as more and more players try to get into on a product that has such elite status. Most likely though, the winner will be the company or group that offers the Bancroft family the largest amount of money.

[Photo: epc]

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