Categories: OLD Media Moves

At least my kids will be happy

Standard & Poor’s on Wednesday said video game retailer GameStop Corp. will replace Dow Jones & Co., the parent of The Wall Street Journal, Marketwatch and Barron’s,Â in the S&P 500 at a date yet to be announced, according to an Associated Press story.

Dow Jones is being bought by Rupert Murdoch‘s News Corp., although the deal has yet to be completed. It’s expected to close soon after a shareholders meeting scheduled for the end of next week.

In addition, Dow Jones set a deadline of Dec. 12 for its shareholders to decide whether to take News Corp. stock or cash in exchange for its Dow Jones stock once the deal closes.

Chris Roush

Chris Roush was the dean of the School of Communications at Quinnipiac University in Hamden, Connecticut. He was previously Walter E. Hussman Sr. Distinguished Professor in business journalism at UNC-Chapel Hill. He is a former business journalist for Bloomberg News, Businessweek, The Atlanta Journal-Constitution, The Tampa Tribune and the Sarasota Herald-Tribune. He is the author of the leading business reporting textbook "Show me the Money: Writing Business and Economics Stories for Mass Communication" and "Thinking Things Over," a biography of former Wall Street Journal editor Vermont Royster.