Richard Siklos of The New York Times explains for Sunday’s newspaper why there is so much talk about dealmaking among media properties, particularly those involved in business journalism, these days.
“What NBC was worried about was less clear: as recounted in this space two weeks ago, CNBC has a relationship with The Journal under which the newspaper’s reporters appear on the cable channel. But it’s not evident how harmful it would be for CNBC, which is owned by NBC Universal, to lose that arrangement. Mr. Murdoch is starting a rival business news channel this fall that he wants to build around the Journal brand.
“But the threat of it was not enough to sway G.E. — which previously mulled buying Dow Jones with Microsoft, its partner in MSNBC — to invest in the challenged newspaper business.”
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