This time they’re serious. No more business plans written on napkins, and strange doodles that represent strategy. They’re taking this one to the bank.
“Recent deals include Dow Jones’s acquisition of MarketWatch.com ($519 million) and The New York Times’s purchase of About.com ($410 million).”
Rupert Murdock, one of the largest players in these recent acquisitions, comments on the News Corp. plan in this Newsweek article.