WSJ: Dow Jones May Buy Out Hearst for Rest of SmartMoney
Dow Jones & Co., a financial-news segment of News Corp., is eager to buy up the remaining half of SmartMoney currently controlled by the Hearst Corporation, according to a report by The Wall Street Journal that cited people familiar with the matter.
(By the way, the WSJ is also a News Corp. entity, so just try to untangle that sourcing mystery. Maybe they were passing notes during a boring staff meeting.)
As it stands now, Dow Jones and Hearst split oversight SmartMoney, which consists of a monthly magazine, a Web site, and a custom-publishing division.
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