News Corp. could move to buy Dow Jones in 2007 - report

News Corp., the New York listed media company, could buy Dow Jones in 2007, reports the Los Angeles Times. The report, part of the paper’s annual predictions column, reported News Corp. could move to buy Dow Jones, also of New York, to boost its business news cable channel. The report predicts that if News Corp. does do that, some investors will express anger that it spent USD 5bn on an old media company when it could have acquired CNet for less. The predictions in the paper are based on interviews with analysts, investors and executives as well as the paper’s own guesswork, according to the La Times.