Dennis Berman and Jeffrey McCracken of The Wall Street Journal report that the paper’s parent company, News Corp., is shopping its index business, including the Dow Jones Industrial Average.
Berman and McCracken report, “The move shows that News Corp., which purchased the publisher in late 2007 for $5.7 billion, is willing to shuffle its Dow Jones assets. The $5.7 billion deal proved to be struck at a market top, with News Corp. writing down $2.8 billion of the value of DowSource: Talking Biz News RSS Feed
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