Let’s jump to the New York Times for the latest in the great Murdoch-Dow Jones-Wall Street Journal saga of 2007. Because, damn it, the Times is covering the story with the guilty pleasure that only the WSJ‘s greatest domestic competitor can offer:
- WSJ board members are meeting with Ron Burkle today to discuss an alternative bid.
- The Journal has been seeing a decline in advertising over the past few years. If Murdoch does not purchase the paper, they’ll have to make significant layoffs to newsroom staff to make ends meet.
- Why did The Business prematurely announce that Rupe purchased the Journal. It’s a long story.
- WSJ editor Ellen J. Pollock is leaving for BusinessWeek.
Elsewhere, Motley Fool speculates that any bid Burkle makes will be based on Sam Zeil‘s strategy when he purchased the Chicago Tribune. Also, Murdoch has some problems overseas: The British Government is launching an investigation into whether he has too much influence in Britain.