Another Player Joins Competition for Dow Jones

Pearson searches for partner to help launch bid

By M. Morris, Newser Staff

Posted Jun 15, 2007 5:40 PM CDT

(Newser) – Another would-be Dow Jones suitor emerged this afternoon: Pearson, which publishes the Financial Times. In a media-company-news hall of mirrors, the Wall Street Journal reports that Pearson is searching for partners in its "longshot" bid and has approached Hearst and GE; the FT reports that its parent company has "sounded out" GE, which owns CNBC.

Dow Jones is sitting on a $5 billion offer from News Corp., but the controlling Bancroft family appears reluctant to cast its lot with Rupert Murdoch unless its concerns about editorial independence are assuaged. Pearson and Dow Jones have complementary assets—according to the latter's crown jewel, the Journal—but Pearson's ability to match Murdoch's $60-a-share offer is in doubt.

' (Pearson PLC)

Co., publisher of The Wall Street Journal, said Tuesday it received an unsolicited bid from Rupert Murdoch's News Corp. to buy the company for $5 billion. (AP Photo/Mark Lennihan) (Associated Press)

Newspapers ((c) Robert Brook)

' (Pearson PLC)

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Another Player Joins Competition for Dow Jones

Pearson searches for partner to help launch bid

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Another Player Joins Competition for Dow Jones

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OTHER STORIES ON OUR RADAR

media • Rupert Murdoch • Wall Street Journal • Dow Jones • Bancroft family • news • Pearson • Financial Times • CNBC • News Corp

MOST POPULAR STORIES

[ By Views ]

[ By Comments ]

More Newser Stories

GE, Pearson Bail on Bid for Dow Jones

CNBC, Financial Times parent companies back away, clearing path for Murdoch

Murdoch Surveys New Empire

Mogul plans all-out global fight vs. NY Times, Financial Times

Panel to Shield Journal Editors

In latest deal, hybrid board would hire and fire key staffers

Dow Jones Scenarios Multiply

Companies may join forces to counter Murdoch bid

WSJ Oversight Panel Slams Editor's Ouster

Removal violated 'letter and spirit' of agreement with News Corp.

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Newser By Users

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