The Media Drop

This just in: Dow Jones deal taken by News Corp.

Okay, not that we’re surprised, but Dow Jones has tentatively accepted the deal for its acquisition by News Corp., for $5 billion. The Wall Street Journal’s Sarah Ellison, who has been covering this story since its inception, shares the details on how the process will go down from here, and stating that the “vote” from the family who owns the majority of the company’s voting shares could happen “some time next week.”

So while the board and others still haven’t finalized this deal by any means, it’s still a lot closer than the two parties seemed to be earlier. I’m curious to see, especially if this drags out much further, if any more opposition to the deal crops up, especially those who aren’t appreciative of Rupert Murdoch’s News Corp. at all, which is where I think a lot of the commentary has cropped up from in the first place.

While I haven’t personally analyzed exactly how the WSJ and other Dow Jones outlets truly fit in to the News Corp. business, they’re obviously fantastic feathers in Murdoch’s internationally-known cap. Additionally, the alignment of the newsgathering abilities of Dow Jones inside an already monstrous news group should theoretically only add value to those who rely on those sources on a regular basis.