WSJ Sale Update: Does Philly Have A Shot?
Over at CNNMoney, Paul R. LaMonica is calling the sale of the Wall Street Journal the lamest bidding war ever, and we can’t blame him. As previously mentioned, NBC and Microsoft passed on a joint bid for Dow Jones. However, there’s still WSJ union favorite Ron Burkle and Philadelphia Inquirer owner Brian Tierney.
But does the Philadelphia newspaper owner really have a shot at one of the biggest media properties in the country? In the Washington Post, the gossip columnist for one of Tierney’s papers gave an unequivocal (and bitter) no:
“I’m tickled pink that Tierney has apparently found a mother lode of money coming from [the two newspapers] and I look forward to him sharing it with his employees,” Daily News columnist Stu Bykofsky said yesterday.
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