
Wall Street, Meet Fleet Street
Rupert Murdoch might be good for the Journal.
By Daniel Gross
Posted Tuesday, May 1, 2007, at 6:10 PM ET
Oh. My. God. Rupert Murdoch wants to buy the
Wall Street Journal. Today, his News Corp.
shocked the market (subscription required) with an all-cash, $60-per-share bid for Dow Jones, the
Journal's parent company.The deal would offer a massive premium to the company's long-suffering shareholders—and throw terror into the hearts of the company's long-suffering journalists.
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http://www.slate.com/id/2165411/fr/flyout