The Mogul’s next Move

I was reading the ‘Time’ magazine and cane across this interesting piece on Rupert Murdoch. I thought i must share it with everyone. The report says that the media mogul’s intention to buy out Dow Jones & Co., the Publisher of Wall Street Journal is big news on numerous fronts. The report says that he has offered to pay $5 billion fir a company whose shares fetched just $3 billion before the word of his bid leaked out on May 1. It further goes on to say that he’s very serious about his Fox Business Channel, which is due to launch later this year and would get a big boost from the Journal…and Dow Jones---brand