Rupert Murdoch Closes in on The Wall Street Journal

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Description: www.newshounds.us - CNBC reports that the Bancroft family, owners of Dow Jones, has decided to consider Rupert Murdoch's highly overpriced bid of $60.00 a share. NY Times reporter Andrew Sorkin believes that, without a counter-offer, this is a done deal. Many believe that a Murdoch acquisition of the WSJ will mean the demise of one of the last independent newspapers in the United States. Comment at www.newshounds.us