The imminent announcement that Dow Jones will be sold to Rupert Murdoch‘s News Corp. has dominated FNC’s daily business show. Neil Cavuto spent the first 24 minutes on the subject (with the occasional market update). The News Corp. board was set to begin a meeting at 4pm ET; Dow’s board has a meeting set for 7pm ET.
Former WSJ managing editor Norman Pearlstine told Cavuto, Murdoch “will invest in ways that may well surprise people.. I wouldn’t be surprised if you saw more color in the paper than there has been in the past and I don’t rule out the possibility of using the (printing) presses for a national edition of New York Post.”