Media - Tuesday, July 17, 2007
Murdoch Wins Tentative Agreement With Dow Jones. Biz Bloggers Rejoice
Within 24 hours of reporting that its own buy-out was not yet a done deal. The Wall Street Journal reports 15 minutes ago that the the hand shake is done and that sale of Dow Jones for $5B will be put to a vote. The company's CEO says that outcome is too close too call.
From our perspective as a business site, this is great news. The more that old media consolidates the better it is for sites within the TechMeme fold as well as sites that cover business outside tech. Why? Readers are going to seek out alternative viewpoints to Murdochs, its that simple. They might get it from BusinessWeek, Forbes Fortune, the Financial Times or the NY Times Business pages, but these publications will continue to consolidate and atrophy and as they readers will turn to the business blogosphere.
Read - Dow Jones, News Corp. Set Deal (WSJ)
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