The Cycle

Dow Jones- News Corp a done deal?

Reporting has been all over the map for the last 24 hours on Rupert’s bid for Dow Jones. A 5 pm deadline yesterday came and went with no official words. Early stories today either emphasized that the deal was not done yet (ominous) or that the details were being worked out for the deal to take place (promising).

As of 11:30, Reuters is that the deal is done and DJ has agreed to sell to News Corp. The Wall Street Journal itself has not reported that yet, and no official statement has emerged. Either way, look for definitive word by the end of the day at the latest.

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