Endless Takeovers: Rupert Murdoch Hits The Beach

M_Smith

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The Guardian says that shareholders are unlikely to get behind consumer publisher and Financial Times owner Pearson's attempt to block Rupert Murdoch's takeover of Dow Jones, since the company "has debts of over £1bn and has made a number of large purchases in the educational publishing sector over recent years." Financial Times staffers are also unhappy, WSJwith good reason: "The easiest way to meet the cost-savings goals would be for the newspapers to cut their biggest expense—journalists." But is Rupert showing the strain of all this wheeling and dealing and potential sabotage?
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