Make no mistake: this is the end of Dow Jones. If it’s not the very end, it is certainly the beginning of the end. There is no way—no way—that the Bancroft family, which controls the majority of voting shares, can resist a $60 offer—a 67 percent premium to the recent market price of DJ shares. A 10 percent premium is considered respectable. Thirty percent is sky high. Sixty dollars is, well, “absolutely, insanely high,” says James H. Lowell II, who, until last fall, served as a financial adviser to the Bancroft trustees, as quoted in The New York Times ...
"Tuesday was a black day for journalism, and an even blacker one for financial journalism. When this is over, there will be no independent publisher of the nation’s foremost—really only—watchdog of the capital markets, corporate behavior, and regulators’ conduct. Who’s going to cover News Corp.?
UPDATE: "'It's out of the frying pan and into a thermonuclear blast,' said one Journal staffer. 'This was the worst-case scenario — other than being sold to Vladimir Putin.'"
