Devoted to Corporate Attorneys, Corporate Lawyers, and Corporate Counsel

Those attorneys following M & A and buy outs may have already heard the buzz on Rupert Murdoch purchasing Dow Jones, which owns Wall Street Journal.

While at the gym, some people may have watched the reactions of this purchase on tv on August 1, 2007.  There were interviews on how people protested against this, but that the target thought it was a good deal with Murdoch assisting in continued advertisements and funding for the publications.  Rupert Murdoch's News Corp. negotiated an agreement to buy out the Wall Street Journal and Dow Jones from the Bancroft family.  The Bancroft family were private owners of Dow Jones, and the sale was for a reported $5.6 billion.

The Wall Street Journal is the United State’s second-largest newspaper. Murdoch's News Corp. also owns Fox Television, which bought out IGN Entertainment, the owner of Askmen.com, last year; the New York Post, and MySpace.com.  How will the buy out merge online and traditional media?