Update on the Dow Jones-Murdoch situation

Does News Corp. have a deal to buy Dow Jones? Well, maybe. The Business, a U.K. publication, has posted an article on its website saying that a deal has been agreed to and that a formal announcement is expected next week. But not so fast. Dow Jones has disavowed the story. And there is some skepticism about it, according to the New York Times. Indeed, there are also reports that the Dow Jones board is scheduled to meet with Ron Burkle today, apparently continuing its quest for another bidder. Which seems less and less likely. Frankly, it seems like the Bancroft family is torn. My take is that a Rupert Murdoch-friendly family member leaked news of a deal and perhaps painted it as done so as to pressure other family members who would like another bidder to emerge. It seems like there is a search on to keep Murdoch at the gate. We'll see.

Read the rest:
- here at The Business