Dow Jones, publisher of the Wall Street Journal, the Barron’s investor newspaper, the MarketWatch.com financial news Web site, and owner of Dow Jones Newswires, recommended to its share holders yesterday to accept a $5 billion buy-out offer from Rupert Murdoch’s News Corp.
The final decision to sell to Murdoch lies in the hands of the Bancroft family, who own 64% of the company’s voting shares. The family has been expressing some reservations about selling to Mr. Murdoch because he owns Fox News…and well…the Wall Street Journal is still a respectable news source who doesn’t normally rely on sensationalism, or blindly fluff the president and all of his cronies…or employ Bill O’Reilly.
We realized this story is a little heavier than our normal brahsome content, but when we have the opportunity to post this picture of Rupert Murdoch, one of the most powerful men in the country, looking like Johnny Everyman’s goofy grandpa, we have to do it.
