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Report: News Corp. bids for Dow Jones »

Posted by: Aidenag 1 year, 3 months ago

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Shares of Dow Jones & Co., publisher of The Wall Street Journal, soared almost 60 percent on Tuesday after the financial news network CNBC reported that Rupert Murdoch's media company News Corp. offered to buy the company for $60 a share.

Read Full Story at news.yahoo.com

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Comments So Far: 23

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TechnologyExpert1 year, 3 months ago

Just what we need ... Murdoch taking over another company.
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  SantaM1 year, 3 months ago
  
  another company? the trade of EVERY company!
  
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    SantaM1 year, 3 months ago
    
    He's probably doing it as a simple advertising scheme! The stock floor is gonna be doused in over-made-up women and Fox News banners... just so that you can't get away from that crap even if you watch CNBC!
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      SantaM1 year, 3 months ago
      
      Can you imagine?
      In order to check your stocks you have to turn to Page 6 of the New York Post!
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        ryan6011 year, 3 months ago
        
        "The stock floor is gonna be doused in over-made-up women and Fox News banners.."
        " In order to check your stocks you have to turn to Page 6 of the New York Post!"
        That is a truly frightening idea.
        I agree, there must be some kind of regulation (anti-trust, maybe?) that prevents a corporation from doing this kind of thing. How CAN a media company legally make a bid for the Dow Jones? That makes about as much sense as Boeing making a bid to take over Nabisco.
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  deathray1 year, 3 months ago
  
  What Murdoch really wants, besides perpetuating the right wing oped page of the WSJ, is the FNN, which he plans to promote as an alternative business cabl channel to CNBC.
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SantaM1 year, 3 months ago

I hate Rupert Murdoch.
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dandt16121 year, 3 months ago

I agree. It just doesn't seem like a good idea at all.
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Matteu001 year, 3 months ago

Lol...they'll start reporting the DOW in pesos if it makes the president look better. Citizen Kane wishes he could pull this one over on the public.
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ryan6011 year, 3 months ago

I doubt very much that Rupert Murdoch or News Corps represents the interests of the "true conservatives".
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NoWayMan1 year, 3 months ago

maybe they believe an american media outlet shouldn't be owned by foreign interests.
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  SantaM1 year, 3 months ago
  
  I think that News Corps moved or is moving to America, right?
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    deathray1 year, 3 months ago
    
    Yes.
    Also, ometime in the Reagan Administration they made it legal for foreign nationals to own media outlets in the US, although Mr. Murdoch is now a US citizen.
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toph19731 year, 3 months ago

Will they start distorting the Stock Market like they do the news. "Tonight on Faux News, the Dow is up 15,000 in one day." While the real news companies report that the dow went down that day. This is one of the worst ideas.
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skeek1 year, 3 months ago

Murdoch makes and breaks governments through his spreading, insidious media control. His influence began in Australia, spread to the UK and Europe, then America, and he's now in Asia trying to crack the inscrutable Chinese, who threw him out on his ear about 12 years ago.
He doesn't need lobbyists. He just sits down to private, one-on-one dinners with heads of state and lays out what he's going to do and what he expects their role to be in his plan.
While Fox is his it was clear that Bush and the Republicans were losing favour. Murdoch's been getting cosy with Hilary of late. An indication of who's next in line for the thrown.

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  ZenAgain1 year, 3 months ago
  
  He also had a cosy little dinner with Kevin Rudd during his visit to the US. Maybe he senses a general shift away from conservative politics?
  G'Day skeek, wet season not too far off in your neck of the woods- finally thawing out here.
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    skeek1 year, 3 months ago
    
    Hey ZA
    So we now know who's going to be the next Aussie PM. I'll bet KR was put in his place too. Rupert loves yes men and surrounds himself with them all the time. He always has a hatchet man or two as well, like Luca Brazzi in The Godfather. No, not to kill anyone but he gets them to do all the cutbacks, ie. firings. (I know, I used to work for NewsCorp once. It IS the Empire).
    Wet season here was Dec-Jan, although yes, it's been wet lately. I understand things are a little parched down there. Like we never saw that coming ... not.
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      ZenAgain1 year, 3 months ago
      
      Skeek I live in Japan hence the thawing out line. Spoke to dad and he said it'll be close, KR's been shooting his mouth off, Julia Gillard has been threatening big business with backhand aussie rules football analogy's etc etc. But they're in with their best chance in years. In SE Qld its level 5 restrictions and the new crime is water theft- I kid you not.
      And to stay on topic, I'm sure KR addressed him as "Yes Sir, Mr Murdoch whatever you want".
      Hope you're well- I usually keep an eye out for your comments.
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      skeek1 year, 3 months ago
      
      Just checked your profile. You're in Japan! Of course you're thawing out.
      I always saw Rudd coming from a mile off years ago. I like what he had to say but saw him as generally too intelligent, too intellectual, and too well educated for the Australian populace to take a liking to. Australians are suspicious of such things.
      Australians are like Americans in that regard, they like that blokey BS. Unlike Americans though, they actually like a bad boy who's been around, ie. Hawke.
      Clinton was a choir boy compared to Hawke.
      Not that choir boys are, or ever were, all that innocent.
      I've lived in SE Qld and been through water restrictions there before. I'm surprised that water is free in Australia. It's the most important and scarce resource and sprinklers are pumping it for nothing in every front yard.
      Where I am I have to pay for every drop AND it's recycled.
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scott42611 year, 3 months ago

Good God! How much media does Rupert Murdoch need to own? He and Roger Ailes have already poisoned the rest of media, either directly or by echo chamber sent through the rest of corporate media. Bill Clinton did us a great disservice when he signed the Telecommunications Act of 1996. We were much better served with limits to media ownership.
And all this comes down to a central theme that most Republicans hate to hear: Laissez-faire economic policies do NOT serve the public interest. Lack of sufficient competition has left us with a stagnant media. Without diversity of ownership in media, truth is the first thing that is sacrificed. And without some ownership limits, the free press is compromised.
The effects are far reaching: because without the media's role as "the fourth estate," democracy can and will eventually cease to exist.
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ZenAgain1 year, 3 months ago

As an Aussie he became an American citizen because of the harsh cross-media ownership laws we have in Australia, preventing this kind of scenario. He then moved News Corp to the States and now has a vast influence on what you read and watch. Having control of that much media is dangerous and counter productive to open democracy. When one person can control what you watch, read and hear something must be seriously wrong. I hope the shareholders reject this bid, but I'm sceptical, it's a pretty substantial offer.
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  skeek1 year, 3 months ago
  
  Headline: "Shareholders Reject Huge Windfall Profits"
  Nah, it will never happen.
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Macondo1 year, 3 months ago

The name may be changed to FAUX JONES.
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Aidenag

Photographer by day, news junkie by night. My main areas of interest are politics and the environment. If you have any questions, problems, or suggestions ...

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