Rupert Murdoch buys Dow Jones/Wall Street Journal

Original photo from dKosopedia.com

Oh, jeez. I was really hoping this wouldn't happen. The FOX-ification of the media is damned near complete now, isn't it?


[Excerpt]

Rupert Murdoch buys Dow Jones, owners of the Wall Street Journal

Rupert Murdoch has succeeded with his $5 billion bid for Dow Jones, owners of the Wall Street Journal, according to sources acting for the Dow Jones board. Negotiations on price and matters of principle have been completed, though some details remain to be resolved. None is regarded by either side as a deal-breaker.The Dow board is confident that the terms of the deal will be accepted by the Bancroft family, which controls a majority of voting shares in Dow Jones, over the next few working days. A formal announcement is expected next week.

Read more at: The Business

UPDATE: Then again, maybe not:

Dow Jones denies it's forged News Corp. deal

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