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News Corp. Offers $5B For Dow Jones

Unsolicited bid boosts media stocks, may spark feeding frenzy

(Newser) - Rupert Murdoch's News Corp. has made an unsolicited $5 billion offer to buy Dow Jones & Co., which publishes the Wall Street Journal. Dow Jones publicized the mogul's suit today to an immediate 58% spike in value. Murdoch owns the New York Post and TV giant Fox News.

The CEO of The Post Defends The Times in The Journal

Families that Stick Together Stay Together

(Newser) - Donald Graham is the CEO of the Washington Post Company. He is the scion of the Graham family, which controls the Post through a dual stock structure. He explains that a dual stock structure allows a founding family or a subsequent private purchaser to use a class of public stock...

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