In today’s New York Times story analyzing the merits of Rupert Murdoch’s acquistion of Dow Jones, Tim Arango and Richard Perez-Pena write a bit about how News Corp.’s cable properties fit in.
The News Corporation still has significant strengths, including the Fox film studio, which appears poised for a better year than it had in 2008; cash reserves of $3.6 billion; and the Fox News Channel, whose revenue and profit are growing.
The Times story also reports Murdoch “will soon be able to keep an even closer eye on his new prize,” as The Wall Street Journal moves its operations into News Corp.’s Midtown headquarters.
But one nagging contract could keep Dow Jones & WSJ reporters off the FBN air — CNBC’s exclusive content sharing agreement with Dow Jones which runs through 2012.
> Related: FishbowlNY – Rupert Murdoch May Be Loving His Papers To Death