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Aug 1
Wall Street Journal Acquisition by News Corp is Pinnacle of Media Mania
News Corp’s unsolicited bid for the Wall Street Journal may be the pinnacle of thejewels News Corp media buying spree that has occurred over the past 18 months. According to data from research firm Dealogic as cited in CNNMoney.com

“372 mergers in the traditional media business (print, broadcast and cable TV, radio and movies) have taken place so far this year across the globe. Eighty-one of those were for U.S.-based companies.

While that's down slightly from the 448 deals done through the same point of 2006 (109 in the United States), the mergers are getting much bigger. This year's deals are worth $93.8 billion compared to a value of $55.5 billion for last year's media mergers.”

It’s on.

mainstream media disruptionTraditional media deal value has doubled since 2006. The dismantling and disruption of mainstream media is in full swing and it’s not just about “pop culture.” The Wall Street Journal acquisition is an indication that business content has substantial media value. It also is an indication that investors like Murdoch and News Corporation (NWS), believe that traditional business media will translate to “online business media.”

We think so too. Know More Media is all about “online business media.” We have seen the response of our offering to deliver “business news, information and analysis” through a blog network. Just this past week we reached two significant milestones in our own online business media world – we attracted our ten millionth visit and published our 50,000th post.

It was a year ago yesterday that I called upon the lyrics of Bob Dylan to describe the disruption that is occurring in mainstream media.

Yes, the times they are a changing.

Your old road is
Rapidly agin'.
Please get out of the new one
If you can't lend your hand
For the times they are a-changin'.


5 Comments


» The Wall Street Journal Joins Rupert Murdoch’s News Corp Family from Know More Media
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» Murdoch Buys Dow Jones - Wall Street Journal for 5.6 Billion Dollars and the Naked Paris Hilton - AdHurl. from WebMetricsGuru
Rupert Murdoch buys Wall Street Journal and Dow Jones  and Murdoch Wins His Bid for Dow Jones for 5.6 Billion dollars today.  "..The 76-year-old Mr. Murdoch, whose properties range from the Fox television network to the Times of Lon... [Read More]

» No Shock - Murdoch Buy WSJ and the rest of Dow Jones & Co with it from ModernMagellans
Having written about this a few weeks ago, in an article that was referenced by Slate.com, it should come as no surprise to readers of this blog, that Rupert Murdoch has succeeded yet again in his quest to increase his... [Read More]

» My Advice for Murdoch - Wall Street Journal Worriers from BizCradle
In the interest of full disclosure, let do something that the mainstream media is reluctant to do, which is to offer up my political leanings: I'm a conservative Republican.I felt the need to do that in light of the ridiculous... [Read More]

» Much Ado about Rupert Murdoch, News Corp, the Wall Street Journal, Dow Jones, and the Bancroft Family from Know More Media
The news of Rupert Murdoch’s News Corp.’s recent acquisition of the Wall Street Journal and Dow Jones from the Bancroft family is a topic that has sparked much debate in the media. Some people are worried that Murdoch will... [Read More]

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