Murdoch Buys Wall Street Journal

Late last night, the board of the Dow Jones company agreed to Murdoch's offer of the Wall Street Journal for $5 billion. The Controlling shareholders, the Bankcroft family have yet to sign off on it, but its one more step in the path to Murdoch becoming the most powerful media conglomerate in the world.

This guy is becoming more like W.R. Hearst every day.

The full story is here.

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