Dow Jones Sells For $5.6 Billion

• by Yun
• on August 1, 2007
• Comments Off

     This news wouldn’t exactly warrant a post if the buyer wasn’t Rupert Murdoch. Murdoch is CEO of the News Corp., a multi-billion dollar media empire which broadcasts the Fox News Channel. Fox is notorious for their biased reporting that favors the opinions of right-wing conservatives. Dow Jones & Co. publishes The Wall Street Journal and many fear that Murdoch will tilt the stories to suit his business interests and damage the paper’s credibility. If you mind your money then you know that the WSJ is required reading for small business owners and magnates alike.

Read the details of the acquisition here.

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