The Los Angeles Times ran Tuesday a series of media predictions for 2007, and one of them included Dow Jones and its well-respected Wall Street Journal.
The prediction: “News Corp. adds to its stable of newspapers by buying Dow Jones & Co., owner of the Wall Street Journal, to bolster Rupert Murdoch’s nascent business news cable channel, a companion to his Fox News juggernaut.
“Some investors are furious that Murdoch would spend $5 billion on an old-line media acquisition when a purchase of CNet Networks Inc. could fill a similar need for a fraction of the price.”
Read the rest of the predictions here. I think this prediction is in jest. Dow Jones has a new CEO within the past 12 months, and while there have been rumblings that some of the Bancroft family would like to sell its stake in the company, nothing has ever come of it.
