News Corp. is New Owner of Dow Jones
December 14th, 2007
Rupert Murdoch’s News Corp. officially owns Dow Jones & Co. as of yesterday, when shareholders voted to sell the company for $5.6 billion. With annual revenue of only $2 billion, Dow Jones is actually relatively small. Speaking in terms of influence, though, it’s very big, especially in financial news. Aside from the Wall Street Journal, which ranks second [...]