Categories: OLD Media Moves

Philly Inquirer owner expresses interest in Dow Jones

The company that owns The Philadelphia Inquirer andÂ Philadelphia Daily NewsÂ has expressed interest in joining with partners to buy Dow Jones & Co., the publisher of the Wall Street Journal, according to a story in the Inquirer by reporter Miriam Hill.

Hill wrote, “‘If there was a formalized bidding process, it would be our intention to participate,’ Brian Tierney, chief executive of the company, Philadelphia Media Holdings said this evening. ‘We would participate as Philadelphia Media Holdings along with other investors. We wouldn’t do it it alone.'”

She later wrote, “Their bid to buy the Philadelphia newspapers and Web site was greeted with skepticism, but Tierney’s team of investors emerged as the winners in a bidding contest that included Media News Group of Denver. A bid for Dow Jones would represent a much bigger challenge – almost 10 times bigger.

“A Dow Jones spokesperson had no comment on Tierney’s interest. Tierney said he had discussed a potential offer with various people involved with Dow Jones but would not name them.”

Read more here.

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.