Cut it looks like it's gonna happen.
News Corp. in tentative deal to buy Dow Jones
Approval needed on Murdoch's bid
By Globe Staff And Wire Reports | July 17, 2007
Rupert Murdoch's News Corp. has reportedly reached a tentative agreement to buy Wall Street Journal publisher Dow Jones & Co.
The deal, reported by The Wall Street Journal on its website late last night, is for the original $5 billion price that Murdoch had offered. It will be put to the full Dow Jones board today for its approval, the Journal said, citing unnamed people familiar with the situation.
The deal would still need approval from the Bancroft family, controlling shareholders of Dow Jones, who have been divided on a sale to News Corp. because of concerns over whether the Journal would maintain editorial independence.
Michael B. Elefante, the Bancroft family's lead trustee, has scheduled a meeting for Thursday to present the agreement to the family and is expected to give members several days to make a decision, the Journal said.
Representatives of Dow Jones and News Corp. did not immediately return telephone messages seeking comment.
More:
http://www.boston.com/business/articles/2007/07/17/news_corp_in_tentative_deal_to_buy_dow_jones/...P.S., Murdoch already owns all this:
Television
Fox Broadcasting Company
Fox Television Stations
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WWOR - New York City
KTTV - Los Angeles
KCOP - Los Angeles
WFLD - Chicago
WPWR - Chicago
KMSP - Minneapolis
WFTC - Minneapolis
WTXF - Philadelphia
WFXT - Boston
WTTG - Washington D.C.
WDCA - Washington D.C.
KDFW - Dallas
KDFI - Dallas
WJBK - Detroit
KUTP - Phoenix
KSAZ - Phoenix
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WRBW - Orlando
WOFL - Orlando
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KTBC - Austin
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DirecTV
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Fox Movie Channel
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National Geographic Channel
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Fox Sports Net
FSN New England (50%)
FSN Ohio
FSN Florida
National Advertising Partners
Fox College Sports
Fox Soccer Channel
Stats, Inc.
Film
20th Century Fox
Fox Searchlight Pictures
Fox Television Studios
Blue Sky Studios
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New York Post
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News International
News of the World
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The Times
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General Books Group
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Ecco
Eos
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(last updated 05/14/07)
http://www.cjr.org/resources/ <--- Columbia Journalism Review's breakdown of who owns what in mass media.