Monday, July 30, 2007

Murdoch's Money Can't Buy Him Love

Rupert's big Dow Jones deal is now "highly unlikely" to succeed. That's good news for the news industry, even if it has sent certain stocks crashing.

Mind you, I would expect Murdoch to come back for another bite - perhaps even with a lower offer - after the Bancroft family have a chance to digest their new reality. But for the time being, the wolf is away from their door - now would be a good time for the family to think about how to run a real newspaper business.

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