Murdoch/Dow Jones: “Brilliant Move”

Mort Zuckerman says News Corp.’s offer is a “brilliant move.”

“He’s starting a business channel and he’ll be able marry this (proposed acquisition) to the business channel,” Zuckerman told CNBC. “And he offered a price, recognizing what capital gains rates are now, that’s hugely attractive for a lot of members of the Bancroft family who have been unhappy with the way the stock has performed.”