I wrote earlier that Murdoch was seeking to add Dow Jones and the Wall Street Journal to his stable of media outlets.
Apparently the family that controls Dow Jones has said, “no”. From ABC News:
Just hours after Rupert Murdoch’s News Corp. made an unsolicited offer Tuesday to buy Dow Jones & Co., publisher of The Wall Street Journal, the family that controls Dow Jones announced that it had rejected the bid.
The Bancroft family controls a little more than 50 percent of the votes at Dow Jones and announced after the stock market closed that it would reject the proposed bid.
The family did not comment on whether or not it would accept any other offer — from Murdoch or somebody else. The family said only that it was rejecting the current bid.
I guess that I’ll be spared from the one newspaper I mostly read through daily being reformed in a “Fair and Balanced” manner for a bit longer.