News Corp., Dow Jones strike deal-report

Jul 17 - Rupert Murdoch made major headway in his pursuit of a Dow Jones buyout Monday.According to reports Dow Jones' CEO and other company officials tentatively approved Murdoch's $5b offer.

The deal still requires approval from both the Dow Jones board and the Bancroft family, which controls 64% of the company's voting shares. The board is expected to vote Tuesday evening while a decision from the sharply divided Bancrofts reportedly may come next week.

Jeanne Yurman reports from New York.

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• Dow
• Jones

[TYX91101]

I suspect the Wall Street Journal is in serious financial distress as are most large newspapers in the internet age. It should descend to tabloid status once the Fox News gang takes control. Hopefully the best writers on the WSJ crew will find honest employment elsewhere.

[TYX91101]

You may remember that the Fed Funds rate rose to a whopping 17% in 1980. The reasoning was that this would strangle inflation. What we got was the highest rate of inflation in decades, as indicated by the $800 gold price, housing prices, etc. You can safely predict their next move by watching t-bill interest rates. The market sets the price, and the FRB follows.

[bbruhwiler8]

If you look at the long term charts, the spike in the Dow jones to 13000 is steep and tall. The Dow Jones should be between 3000 and 4000 and that is where it is headed. The Federal Reserve (a private bank working for its own proftis) will tighten the money supply, thus crashing the Dow Jones.

[Alexanderum]

How can the Bancroft Family allow the sale of the Dow Jones company to the modern equivilent of Julius Streicher? This bodes poorly for the United States of America as a whole and our financial markets in general