Keith Kelly of The New York Post writes Friday that New York Times business editor Larry Ingrassia has pulled his proposal about the News Corp. purchase of Dow Jones & Co., the parent of The Wall Street Journal and Barron’s, from the market.
Kelly wrote, “According to sources, Ingrassia, a 20-year veteran of The Wall Street Journal before he became the Times’ business editor, had been obsessed by the deal. His brother, Paul, also happens to be a longtime Dow Jones executive, though he recently said he would leave the company in January.
“However, eventually Nocera – who didn’t cover the Dow Jones story regularly for the Times but had written about the company during his days at Fortune – dropped out of the book plan, leaving Ingrassia in the hunt by himself.
“Ingrassia, when reached yesterday, would not confirm that the proposal had been pulled. ‘You’ll just have to go with what you heard,’ he said, declining further comment.”
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