Studio Briefing Tv May 2 2007
MURDOCH MAY ADD WALL ST. JOURNAL TO MEDIA EMPIRE Rupert Murdoch clearly had his plans for launching a Fox Business Channel in mind when he offered $5 billion – representing a massive 67-percent premium – to buy the Wall Street Journaland its other businesses Tuesday. Interviewed by Neil Cavuto on Fox News Channel Tuesday, Murdoch said that the acquisition would “help” the new channel. “We just want to have a business channel that lives up to the quality and traditions of the Wall Street Journal,” he said....