The Dow Jones Deal Charges Ahead

This just appeared on the Online Journal:

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News Corp. Says It's 'Highly Unlikely'
To Buy Dow Jones at Current Count

By MARTIN PEERS
July 30, 2007 2:26 p.m.

News Corp. Corp. is "highly unlikely" to proceed with its $5 billion offer for Dow Jones & Co. if its bid doesn't get more support from the Bancroft family than has currently emerged, a News Corp. spokesman said.

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The stock is down on this news.

Maybe I'm cynical, but I interpret this to mean that the Dow Jones deal is charging ahead.

What Rupert wants, Rupert gets.

© 2007 Gary Weiss. All rights reserved.



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