Watching a Rupert Murdoch Takeover In Action - Dow Jones (Wall St. Journal)

[NashVegas]

Some of you may not care, you may thing WSJ is all about the RW nutjobs on the editorial page.

However, reality has a liberal slant, and the WSJ is well-known for its fact-based journalism, which people who make financial decisions need.

This is the last three months of Dow Jones' stock:

http://chart.finance.yahoo.com/c/3m/d/dj

Should the News Corp. bid fail, its stock would likely rise a bit, but Dow Jones would tumble back towards the $36.50 at which it closed before Murodch announced his bid. With the stock having recently traded around the $60 bid, the only reason to hold onto it is the hope that a higher offer will come along. But investors can reasonably only hope for a small counterbid, perhaps $61, followed perhaps by Murdoch then raising his offer to $62.

That's from a Forbes article - http://www.forbes.com/markets/2007/06/12/fidelity-dow-jones-markets-equity-cx_cg_0612markets27.html

Here's the thing: before Rupert's bid, DJ stock was at $36.50, right? Since then it's been gobbled up by fleas who've raised the price some 85%, and now demand a return. One group of fleas has dumped their stock already (the actual subject of the article) on the open market. Who you wanna bet gobbled it up?

[liberal N proud]

1. The investors are in it for the money whereas Murdoch has a another motive

Murdoch wants yet one more piece of the communications world so he can control the content and push his or who ever he decides is worthy of his propaganda.
Control the media, control the message, control the world!

[Demeter]

2. Since I Gave Up Reading WSJ 30 Years Ago, When It Was "Morning in America"

I really don't care if Murdock buys it and trashes it. In my opinion, he can't possibly make it any better or worse. I venture to predict that he'll end up killing it.