A joint bid by the parent companies of The Financial Times and business news cable network CNBC for Dow Jones & Co., the parent of The Wall Street Journal, might not be better for business journalists than the News Corp. offer, writes Richard Perez-Pena of The New York Times.
“In addition to the strategic advantages of joining forces with Dow Jones and The Journal — two of the most respected names in business journalism — a deal would have defensive value for Pearson and G.E. The News Corporation plans to start a business news channel on cable to compete with CNBC, and analysts predict that Mr. Murdoch would try to use The Journal to crush The Financial Times, its much smaller rival.”
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