The Media Drop

Just got this article in my inbox about News Corp’s “bid” for Dow Jones at a whopping $5 billion, or about $60/share. While no decision has (obviously) been made at this point, the fourth graf is what has me thinking - about how this could set up Dow Jones for a bit of a battle of the titans, with a lot of others suddenly realizing that they want a piece.

Irrelevant of my personal feelings about anything that News Corp. represents, I think that if I’m Dow Jones, I want to - at least from an editorial perspective - not go this route. Unfortunately (or maybe fortunately, based on perspective) a company’s board has the responsibility of making money for its shareholders, and the best option, at least right now, may be for Dow Jones to be sold to the highest bidder.

Gee, and you thought this was going to be a quiet Tuesday.