Tuesday, June 05, 2007

A worker owned Dow Jones and Wall Street Journal???


The bidding for Dow Jones has become a lot more interesting.

Billionaire investor Ron Burkle is interested in exploring a bid for Dow Jones (nyse: DJ - news - people ) in conjunction with the company's in-house union, the Independent Association of Publisher’s Employees, the union said Tuesday.


On Monday, the union, which represents more than 2,000 Dow Jones employees, or about a quarter of the staff, announced it was searching “for alternatives to the News Corp. bid” and was working with two other unions, the Newspaper Guild and the Communications Workers of America.

This much irony should be illegal...

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