Acquisitions

Rupert Murdock's media conglomerate News Corp. has finally managed, after 3 months, to purchase Dow Jones in a deal valued at $5.6 billion.It appears Murdoch is planning to a lot of changes and new investments in the newspaper and the other Dow Jones enterprisesMagician with the arts of public relations, Murdoch will be ready to roll immediately with some bold steps ...It is strange though that a spokes person from the Bancroft family refused to confirm this news and said this sort of conclusions are a little premature.Taking over Dow Jones gives Murdoch the support of financial information he needs before launching a new TV channel dedicated to business- release which is scheduled for this year's last trimester.Murdoch's company, News Corp. had an income of over $26.73 billion last year, while Dow Jones income in 2006 was $1.78 billion.The negative stock evolution of Dow Jones in July negatively influenced the Japanese stock market, Nikkei going down with more than 2,4%.Some voices said it was the worst crisis the American economy suffered this year but the American economy is very strong and well balanced even if investors show precaution on the financial market and it's going to take a lot more than this to shake it badly.Let's all be happy for Rupert Murdoch because his 3 month wrangling is finally over and let's wait to see if the changes he's planning will have a positive impact on the Wall Street Journal.

by Ana Maria Ciobanu for SigEx Ventures (http://sigexventures.com)

SigEx Ventures's matrix of properties are quickly becoming leaders in digital telebroadcasting, free content delivery allowing people to easily talk, view, upload and share through free online TV broadcasting, free unlimited global calls, video blogs and SMS. SigEx Ventures invests in projects deploying "free" to add-on royalty revenue models

These news are brought to you by CantellTV, its technology partner SigEx Telecom and its founder Chris Cantell. CantellTV is the fastest growing provider of digital broadcasting coupled with enhanced communications, allowing people to easily control, view, upload and share digital content through proprietary interface. CantellTV has relationships with a growing network of international clients delivering millions of videos per day with more than 50,000 new videos uploaded and 200 hours of new TV shows broadcasted daily to a wide range of viewers, from 5 to 7 year olds of LiveCartoons; to 16 to 24 year old active social users of MyJumps; to fortune 50 corporate clients utilizing enhanced broadcasting services. CantellTV is committed to delivering infinite choices to your world of entertainment at the tip of your fingers. Chris Cantell retains consulting arrangements with several pre-IPO companies.

Edited by Miroslava Turnova

Labels: Acquisitions, CantellTV, Chris Cantell, Christopher Cantell, digital broadcasting, SigEx Foundry, SigEx Telecom