Murdoch and the Dow Jones (Plus the Wall Street Journal)

I've been hearing about this for weeks now, and I find it both terrifying and intriguing.

Rupert Murdoch, owner of News Corp. (which is nearly everything news related), put out a $5 billion dollar bid for Dow Jones. That means The Wall Street Journal. That's a lot of news in the hands of one man. So far the family that owns the WSJ has held out against the buyout, with 52 percent of their shares in opposition to Murdoch's offer.

Here's the Times on it, as well as the WSJ itself.