I Love the Smell of Right-Wing Media Consolidation in the Morning

The Business: “Rupert Murdoch has succeeded with his $5 billion bid for Dow Jones, owners of the Wall Street Journal, according to sources acting for the Dow Jones board. Negotiations have been completed and the board is confident the terms of the deal will be accepted by the Bancroft family, which controls a majority of voting shares in Dow Jones, over the next few days. A formal announcement is expected next week.”

Does this mean we’ll see Bill O’Reilly’s web column in the Wall Street Journal now?

A deal, incidentally, has not yet been reached.

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